Boston, MA (PRWEB) November 15, 2014
Beacon Intermodal Leasing, LLC (“Beacon”) is pleased to announce it has become a wholly-owned subsidiary of Mitsubishi UFJ Lease & Finance Company Limited (“MUL”). The transaction closed on November 13, 2014. Beacon is one of the world’s fastest growing marine container leasing companies with a fleet of approximately 600,000 TEU of marine cargo containers valued in excess of $1.2 billion.
Jeffrey S. Gannon, Beacon’s President, remarked, “We are excited to join the MUL group of companies and equally excited to remain a component of the Mitsubishi UFJ Financial Group (“MUFG”), one of the world largest financial services organizations. Strategically aligning Beacon with MUL, the non-banking, global operating lease platform associated with MUFG, better positions us to manage our business and to support the needs of our customers. Partnering with a globally renowned asset finance company with a strong financial background will further provide us the opportunity to take advantage of growth opportunities in the future.”
About Beacon Intermodal Leasing, LLC
Beacon is a full-service marine container leasing company based in Boston with a presence in New York, San Francisco, China, Hong Kong, Japan, S. Korea, Singapore, Taiwan, Australia, Brazil, Germany and the UK. The company’s current container fleet totals approximately 600,000 TEU and is valued in excess of $1.2 billion. The company was started in 2008 as a wholly-owned subsidiary of BTMU Capital Corporation and has been one of the fastest growing container leasing companies over the last 5 years.