(Press Release) Beamonte Investments, Inc (Together with its affiliates, Beamonte”), the leading Investment firm of Boston, announced that it has acquired a minority stake Integra Arrenda SA de CV SOFOM ENR (“Integra Arrenda),” a company dedicated to provide financing and leasing of transportation equipment and particular public use. The acquisition has been completed, while the transaction value was not disclosed.
Integra Arrenda has more than 19 years in the auto financing industry in Mexico, offering financial services for cars, trucks and buses through leasing or credit. Jose Abascal, CEO of Integra Arrenda said: “We will benefit from Beamonte’s financial support as well as its strong network of business contacts throughout the Financial Industry, with Beamonte´s help, we will be able to double the size of our portfolio in the next 12 months and we will reach more SME’s in Mexico looking for Auto Financing solutions.”
Being the financial arm of Grupo Andrade, gives Integra multiple channels of distribution with access to the whole vehicle industry in Mexico. “We are looking forward to work with Jose and the Integra´s management team in the next stage of its growth and profitability. Auto Financing is one of the hottest asset class and we found in Integra a combination of a great product with and understanding management team. This combination serves up a potent work ethic and an outstanding performance record. This is a recipe for continued success”, said Raul Galvez, Senior Vice President of Beamonte Investments.
Romo-Pailles, SC acted as exclusive legal advisor to Beamonte Investments in connection with the transaction.