ORIX Corporation USA Agrees to Acquire a Majority Share in Hilco Global
In a strategic move, ORIX Corporation USA (OCU) has announced the acquisition of a 71.4% equity ownership of Hilco Global, a leading financial services firm known for its rapid growth and extensive expertise in asset valuation, advisory, and asset-based lending.
The deal, expected to close in the third quarter of 2025, is set to significantly accelerate ORIX USA's growth by integrating Hilco's specialized capabilities into its existing private credit and asset management businesses.
ORIX USA's investment will provide Hilco Global with much-needed financial flexibility, expediting and augmenting its growth strategy. This partnership is expected to create a new asset-based lending arm, combining Hilco's expertise in tangible and intangible asset valuation with ORIX USA's capital and lending capabilities.
Jeffrey B. Hecktman, Executive Chairman, CEO, and Founder of Hilco Global, expressed his excitement about the deal, stating that it will accelerate Hilco Global's growth. Terry Suzuki, President and CEO of ORIX USA, expressed pride in welcoming Hilco Global to ORIX USA, highlighting the growth potential of Hilco Global's advisory business and the strategic focus the deal represents for the growth and profitability of ORIX USA.
The acquisition enhances ORIX USA's middle-market focused credit platform by adding Hilco's specialized capabilities in asset-based valuation and advisory. This strategic bolt-on, with a strong 29% two-year revenue CAGR, provides ORIX USA with a strategic advantage that expands its product offerings and deepens client execution capabilities during a period of heightened competition.
The transaction is accretive from a strategic standpoint, representing approximately 2% of ORIX’s equity, which limits balance sheet strain and near-term earnings impact. This move supports ORIX’s hybrid strategy, leveraging its robust balance sheet to expand fee income streams and diversify earnings sources, particularly through asset-based lending.
The combined platform is expected to deepen client service execution and enable cross-selling opportunities, enhancing ORIX USA’s presence and offerings in the middle market credit sector, particularly in asset-based lending and distressed asset management. Leadership continuity at Hilco Global ensures stability, with Hilco’s CEO and executive team remaining in place, while Hilco operates as a subsidiary of ORIX USA, supporting smooth integration and execution.
In summary, the acquisition strategically bolsters ORIX USA’s middle-market credit platform by adding specialized asset valuation and lending capabilities, enabling growth into asset-based lending markets with a strong synergy that enhances competitive positioning and diversifies ORIX’s credit business. The proposed deal will enable both firms to deepen execution capabilities for clients during a period of heightened competition.
The acquisition of Hilco Global by ORIX Corporation USA (OCU) will not only boost ORIX USA's growth in the business sector, but also enhance their private credit and asset management businesses through investing in specialized capabilities in asset-based lending and advisory. This strategic move will provide Hilco Global with financial flexibility, expediting and augmenting its growth strategy, thereby creating a new asset-based lending arm that combines Hilco's expertise with ORIX USA's capital and lending capabilities.
