Mitsubishi HC Capital will integrate Mitsubishi HC Capital America, Mitsubishi HC Capital (USA) and ENGS Commercial Finance, its three group companies in the United States, on April 1. Mitsubishi HC Capital America will be the surviving legal entity and will retain its existing name. In addition, Mitsubishi HC Capital Canada will remain a subsidiary of Mitsubishi HC Capital America.
Craig S. Weinewuth, current president and CEO of ENGS Commercial Finance, will be named president and CEO of the newly integrated entity. Weinewuth is a commercial finance and leasing industry veteran who has held a range of executive positions at Fortune 500 and private equity backed equipment finance businesses. Under his leadership, ENGS Commercial Finance has regularly achieved year-over-year growth.
By combining the resources and expertise of these existing businesses, Mitsubishi HC Capital America intends to enhance its competitiveness, improve efficiency, expand business scale and create greater customer value. This integration is a key component of Mitsubishi HC Capital’s restructuring plan to create group synergies. In July 2022, two of the firm’s group companies in Hong Kong merged, and in August, the firm’s mobility business group companies in Europe starting being managed under Mitsubishi HC Capital UK.
