Rochester – Hennessey Capital, providing working capital financing to help companies increase cash flow and enhance profitability, is joining forces with Connecticut-based Hitachi Capital America Corp. to further improve their capability of providing asset-based lending and factoring to businesses nationwide. Hennessey Capital LLC is now a division of Hitachi Capital America Corp.
“This was an opportunity for us to partner with a company who shares our philosophy of helping grow entrepreneurial companies and providing superior client service,” said Mike Semanco, President of Hennessey Capital. “This partnership will give us access to greater resources as we develop our business model of the future.”
Hitachi Capital America Corp. is an independent, diversified leasing and financial services company providing financing to Hitachi group companies and the commercial business sector of the United States.
“The addition of the Hennessey Capital team and infrastructure to our company is a perfect strategic fit,” said William H. Besgen, President of Hitachi Capital America. “Their factoring and asset-based lending products will complement the financing options we currently provide to our Hitachi companies and their customers and will enhance the value we offer both now and in the future.”
For more information, visit hennesseycap.com.