The Alta Group has expanded its merger and acquisition (M&A) advisory services to the equipment leasing and asset finance industry with the addition of James R. Jackson.
The US-based advisory firm, which owns EU advisory arm Invigors, said Jackson has extensive expertise in turnaround management, M&As, and executive leadership for equipment finance companies.
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The consultancy said that M&A activity in the US leasing market was on the rise.
"We welcome Jim Jackson to our M&A Team. Alta is experiencing substantial growth in M&A activity, and Jim’s diverse background in several equipment finance segments will be of great value to our clients," said senior managing director Bruce Kropschot.
Jackson most recently served as senior vice president and chief financial officer of MicroFinancial Incorporated, based in Burlington, MA, USA.
Alta said Jackson’s tenure at MicroFinancial began in 2002, where shortly after, the banks called the company’s credit line. Jackson helped spearhead the company’s turnaround, from an after-tax loss of $22.1 million in 2002, to net income of $9.8 million in 2013, while the company’s share price rose 520% during the same period.
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By GlobalDataEarlier in his career Jackson was vice president of finance for Deutsche Financial Services when the bank first launched its leasing company. Prior to joining Deutsche, he held several positions at AT&T Capital in Framingham, MA, including serving as the manager of business planning and financial point person for all proposed M&A activity.
