Dec 2, 2024 | Weingarten
CHG-MERIDIAN acquires Meridian Leasing Corporation
• CHG-MERIDIAN strengthens its presence in the US, the world’s largest leasing and asset financing market
• Acquisition complements existing US customer portfolio and matches the technology focus of CHG-MERIDIAN
• Transaction will support the top and bottom line growth of the CHG-MERIDIAN Group
The CHG-MERIDIAN Group continues to grow globally and is acquiring the US company Meridian Leasing Corporation effective December 2, 2024. CHG-MERIDIAN is acquiring 100 percent of the shares of the leasing business of Meridian Group International, Inc., a leading provider of managed services for cloud, infrastructure, and IT security. This transaction strengthens CHG-MERIDIAN’s position in the US leasing market, which offers the largest market potential worldwide.
"Meridian Leasing is a perfect strategic fit for us because our business models, go-to-market approaches and corporate cultures are very similar. This acquisition particularly boosts our commitment to the US market and thus optimally supplements our existing customer portfolio."
“With this deal, we are bringing together what belongs together”, says Wagner. CHG-MERIDIAN and Meridian Group International were not only both founded in 1979, but also share a common history. At the end of the 1990s, the former Computer Handels Gesellschaft (CHG) merged with the German subsidiary of the Meridian Group to form the company known today as CHG-MERIDIAN. Wagner adds: “This common history creates a special bond. We will make the best possible use of our synergies to further strengthen our local business.”
“The acquisition enhances our regional presence in the US and also Canada and enables us to leverage the considerable potential in these markets even more effectively,” comments Wayne Fowkes, CHG-MERIDIAN's Sales Director Americas, on the transaction. “At the same time, we are expanding our local team and deepening our expertise, particularly in the healthcare sector, where Meridian Leasing has a high level of expertise. With the headquarters of Meridian Leasing in Chicago, we are adding a further US location to Los Angeles, where we have been represented as CHG-MERIDIAN since 2009.”
“We are excited for our team and our customers to have our organizations come together in such a meaningful way. As a leading North American equipment finance company, Meridian Leasing has built a strong reputation, with long-standing customers and partnerships. This acquisition combines two world-class equipment finance companies that share a unique common history, enabling the combined company to address the future of how customers consume and leverage technology investments,” says Jeff Murray, CEO of Meridian Group International. “Combining Meridian Leasing and CHG-MERIDIAN will enable our customers and employees to gain access to new capabilities that will help them thrive and address ever changing business needs.”
Hovde Group, LLC served as exclusive financial advisor to the seller, Meridian Group International, on this transaction.
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Jessica Behrens
Company Spokesperson
- CHG-MERIDIAN AG
- Franz-Beer-Straße 111
- 88250 Weingarten
- +49 751 503-203
- +49 175 3419179
- jessica.behrens@chg-meridian.com