Chicago, home to the newly expanded CHG-MERIDIAN operations, solidifying its footprint in the US leasing market. Photo Credit: CHG-MERIDIAN

The CHG-MERIDIAN Group, a global specialist in technology leasing and finance, has announced the acquisition of the US-based Meridian Leasing Corporation, effective 2 December 2024.

The deal includes the full acquisition of the leasing business of Meridian Group International, Inc., a key provider of managed services in cloud, infrastructure, and IT security.

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This strategic move bolsters CHG-MERIDIAN’s position in the US leasing market, the largest globally by potential, and enhances its capacity to serve customers across North America.

“Meridian Leasing is a perfect strategic fit for us because our business models, go-to-market approaches, and corporate cultures are very similar,” said Mathias Wagner, CEO of CHG-MERIDIAN. “This acquisition strengthens our commitment to the US market and optimally complements our existing customer portfolio.”

Both companies share a history dating back to their founding in 1979. CHG-MERIDIAN’s origins include a prior merger with the German subsidiary of the Meridian Group in the late 1990s. Wagner noted that this shared history creates a “special bond” and expressed optimism about leveraging synergies to drive local business growth.

The acquisition expands CHG-MERIDIAN’s reach across the US and Canada, with new opportunities in sectors such as healthcare, where Meridian Leasing has built significant expertise. CHG-MERIDIAN, which has been present in Los Angeles since 2009, will add Chicago as a strategic location through this transaction.

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Wayne Fowkes, CHG-MERIDIAN’s Sales Director Americas, commented: “This deal enhances our regional presence and allows us to leverage market potential more effectively. Expanding our local team and deepening our expertise will be critical in delivering value to our customers.”

Jeff Murray, CEO of Meridian Group International, highlighted the benefits for both customers and employees: “This acquisition combines two world-class equipment finance companies with a unique shared history. Together, we can better address the evolving needs of businesses and offer enhanced capabilities.”

The transaction was facilitated by Hovde Group, LLC, which acted as the exclusive financial advisor to Meridian Group International.

CHG-MERIDIAN’s lease originations rise 9.9% to €2.45bn in 2023