M&A
confidence high
sentiment positive
materiality 0.65
WLFC sells BAML consultancy to WMES JV for $45M; unlocks capital for portfolio growth
WILLIS LEASE FINANCE CORP
- Sale of Bridgend Asset Management Limited to WMES for $45M, subject to working capital adjustments.
- WMES is a 50/50 JV between WLFC and Mitsui; currently owns/manages ~$360 million in assets.
- WLFC will remain 50% owner of WMES, expecting premium return on equity from expanded services.
- Transaction provides fresh capital to accelerate WLFC's portfolio growth, per CEO Austin Willis.
- Closing subject to customary regulatory approvals; expected on first calendar day of month after conditions satisfied.