Finance i Ohio

ORIX acquires Columbus’ Lancaster Pollard


ORIX recently acquired Lancaster Pollard Holdings, a Columbus, Ohio-based provider of investment banking, mortgage banking and private equity services.

After signing a definitive agreement to acquire Lancaster Pollard on June 9, ORIX closed the transaction on Sept. 12.

“The acquisition of Lancaster Pollard is a natural extension of ORIX’s successful strategy of acquiring leaders in affordable, seniors and healthcare housing finance,” said Hideto Nishitani, ORIX USA’s chairman, in a written statement.

Earlier, ORIX acquired RED Capital Group and Boston Financial Investment Management. Both companies, along with Lancaster Pollard, will continue to operate as separate companies with their current management. Andrew Garvey, senior managing director and head of ORIX Commercial Mortgage Servicing, will have overall responsibility across the three businesses.