Norwalk CT and Edina, MN, June 9, 2016 --- On June 6, 2016, Creekridge Capital became one of America's premiere vendor leasing platforms through its acquisition by Hitachi Capital America Corp (“HCA”). Now operating as Hitachi Capital America Vendor Services, the company will continue to provide industry-leading vendor financing programs, products and services with their "best-in-class" service and turn times.
"We are the ‘old, new guy’ in vendor finance," stated Jeff Cowan, President of Hitachi Capital America Vendor Services, "As the newest addition to the over 100-year-old Hitachi Group, Vendor Services is poised to expand rapidly. The power of the combined entity will bring tremendous value to both our vendor partners and our employees. Adding the Hitachi brand and deep resources to our already dynamic and compelling vendor services platform has created a very disruptive financial solutions provider in the market."
"I am very proud of the platform we have created and rest assured knowing that our employees, vendors, and customers are in good hands," stated Gregory Larson, Co-CEO of Creekridge Capital.
"We are thrilled to bring the highly experienced Creekridge team under the Hitachi umbrella," stated Mark Duncan, Senior Vice President and General Manager of HCA-Commercial Finance. "We expect the Creekridge platform to play an integral role in our strategy to deliver national best-in-class vendor finance solutions in North America."
About Hitachi Capital America Vendor Services Hitachi Capital America Vendor Services provides a unique service to manufacturers of equipment and software in the form of vendor programs that are creative, competitive and professionally administered. They serve all industries, but focus on healthcare and technology. With the strength and resources of Hitachi, Hitachi Capital America Vendor Services is fully empowered to "Inspire the Next" – your next financing solution, your next revenue stream, and your next way of gaining account control. Hitachi Capital America Vendor Services is headquartered in Edina, MN and serves companies across the United States.
About Hitachi Capital America Corp. Hitachi Capital America Corp. is an independent, diversified leasing and financing services company providing financing to commercial businesses and other Hitachi companies in the United States. They offer a variety of asset-based financing solutions with a focus on truck, trailer, and floorplan financing; trade financing; medium/small ticket financing; structured financing; and asset-based lending.
Hitachi Capital America Corp. was incorporated in October 1989 and commenced business operations in April 1990. They are headquartered in Norwalk, CT and are wholly-owned by Hitachi Capital Corporation. Their parent company was founded in 1957 as a subsidiary of Hitachi Ltd., and has become one of the leading financial institutions in Japan. Through their sister companies located in the United Kingdom, Singapore, and Hong Kong, Hitachi Capital has established a presence in the global marketplace to better serve their customers and other Hitachi group companies worldwide.