CAI acquired by Mitsubishi HC Capital in late 2021
CAI International, Inc. (CAI) was acquired by Mitsubishi HC Capital Inc. (MHC) in 2021. Following the close of the acquisition in the final quarter of 2021, CAI is a wholly-owned subsidiary of MHC and its common stock is no longer listed on the New York Stock Exchange. According to CAI’s Chief Executive Officer, Timothy Page, the acquisition positions CAI to better focus on its core container leasing business through the strong financial position of MHC. The company retains its San Francisco-based headquarters, existing management and its employees.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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