F&I provider LGM Financial Services has announced a strategic financial investment from one of Japan’s largest general trading companies, Marubeni Corporation.
In a news release, LGM said the partnership marks a “powerful step forward” and that the company will maintain its leadership team, including founder Adam Hill, to deliver the same service and expertise. It also said it will maintain its Canadian identity as it gains global backing.
“We’ve been patient in our search for the right partner — one that aligns with our values and enhances our strategic position,” said Drew Collier, President & CEO of LGM, in a statement. “Marubeni’s global reach, automotive strength, and cultural alignment make them the ideal investor to support our next chapter.”
LGM said Marubeni offers the financial strength and performance history that will help support long-term growth. With this partnership, LGM gains an opportunity to access new capabilities, international best practices, and greater market opportunities.
The company also noted that the investment paves the way for greater innovation and collaboration across Canada’s auto sector, and that both organizations have a focus towards responsible mobility and environmental leadership.
“By supporting LGM’s continued growth in the Canadian market, we hope to contribute to the development of the mobility industry and to enrich the lives of individuals and communities across Canada,” said Kenichiro Hoshika, General Manager of the Mobility Business Dept. at Marubeni Corporation, in a statement.
