SOURCE: CoActiv Capital Partners

June 12, 2008 18:15 ET

CoActiv Capital Partners Launches Ontario-Based Canadian Division

HORSHAM, PA--(Marketwire - June 12, 2008) - CoActiv Capital Partners, Inc. (CoActiv), a Marubeni Group Company, launched its first international division, focused on delivering specialized equipment financing and leasing in the $20 billion Canadian marketplace.

"We have seen significant growth in U.S. based programs in our Technology, Healthcare, Bank Outsourcing, and Construction & Industrial Divisions, and feel the time is right for us to provide Canadian support to meet our partners' total North American needs," said Don Campbell, Chief Executive Officer of CoActiv Capital Partners. "We see the new CoActiv Capital Partners Canada as one of the next steps in our business plan to broaden our capabilities, becoming a more diversified financial services organization, and expanding our geographical coverage."

"The decision to move into Canada," said Steve Grosso, President and Chief Operating Officer of CoActiv Capital Partners, "is also based on our belief that there is a real marketplace need. It appears that many Canadian leasing industry leaders believe, that in 2008, the leasing industry in Canada will continue to go through substantial change and, in many cases, uncertainty."

Patrick Gregory, who has been named President of CoActiv Capital Partners Canada, has built a Canadian leadership team with over 150 years of cumulative industry knowledge and experience in the Canadian marketplace. Mr. Gregory has 30 years of leasing experience, including senior positions, in some of North America's largest leasing organizations such as Citibank Leasing Canada, Heller and Commcorp. He has led divisions or companies specializing in technology, healthcare and transportation. He brings to CoActiv not only his leasing experience in Canada but also 5 years in a senior management role in the United States.

"We believe this is unequaled in the Canadian marketplace," said Mr. Gregory. "Not only do we have the advantage of our experience working with Canadian vendors and manufacturers, we are also committed to delivering financial solutions when other leasing organizations are withdrawing from the Canadian market. We will be delivering not only competitive products, but also high-level service and financial strength."

CoActiv Capital Partners is backed by Marubeni Corporation. Ranked 211 in the Fortune Global 500, Marubeni Corporation is one of the world's most financially secure organizations, with a very strong balance sheet -- revenues of $90.87 billion and assets of $44.52 billion.

"There's no doubt that Canada needs a new face -- a new national lessor with financial strength and a highly experienced Canadian leadership team," continued Mr. Gregory. "As an equipment vendor, you need a stable and strong financing partner that can consistently provide solutions to you and your customers. CoActiv and Marubeni combine for just that."

The new CoActiv Capital Partners Canada is headquartered in Burlington, Ontario, and will provide private-label, sales-aid financing in the Healthcare, Construction & Industrial, Technology & Office Products, as well as private label programs for financial companies, banks, and related institutions. For more information, call 1-905-634-5678 or visit www.CoActivCapital.ca.

About CoActiv Capital Partners Canada

CoActiv Capital Partners Canada, Inc. is a subsidiary of CoActiv Capital Partners, Inc. CoActiv Capital Partners Canada is located at 102-3310 South Service Road, Burlington, ON L7M 3M6. The CoActiv Capital Partners Canada website is www.coactivcapital.ca.

About CoActiv Capital Partners

CoActiv Capital Partners, Inc., headquartered in Horsham, PA, is one of the fastest growing commercial equipment leasing finance companies in North America. CoActiv specializes in designing and implementing private-label leasing programs to meet the needs of equipment manufacturers in the healthcare, technology and construction and industrial business segments, as well as for commercial banks.

CoActiv Capital Partners is part of Marubeni America Corporation (MAC), the largest overseas subsidiary of Marubeni Corporation of Japan. CoActiv Capital Partners' headquarters is located at 655 Business Center Drive in Horsham, Pennsylvania. The CoActiv Capital Partners website is www.coactivcapital.com.

About Marubeni America Corporation

Marubeni America Corporation (MAC) is headquartered in New York City, with 7 other U.S. locations and 37 subsidiary and affiliated companies and access a network of over 120 Marubeni Group offices and 555 associated companies worldwide. Marubeni America Corporation is located at 450 Lexington Avenue, New York, NY 10017. The Marubeni America Corporation website is www.marubeni-usa.com. The website for Marubeni Corporation, headquartered in Tokyo, Japan, is www.marubeni.com.

Contact Information

  • Contact:

    Marc Donahue
    Senior VP Marketing
    CoActiv Capital Partners
    267/960-4043