ORIX USA Acquires Majority Stake in Hilco Global to Expand Lending and Advisory Reach

Strategic Acquisition to Bolster Middle-Market Growth

ORIX Corporation USA (ORIX USA) has entered into a definitive agreement to acquire a majority equity interest in Hilco Global, a Chicago-based diversified financial services firm. The transaction is designed to strengthen ORIX USA’s middle-market credit platform by incorporating Hilco Global’s proven expertise in asset valuation, advisory services, and asset-based lending.

The strategic alignment comes at a time of intensified competition in the financial sector, with both firms aiming to deepen execution capabilities and broaden their reach. The acquisition is expected to establish a robust asset-based lending arm that combines Hilco’s valuation expertise and market access with ORIX USA’s capital strength and lending capacity.

The deal is projected to close in the third quarter of 2025, pending customary closing conditions and regulatory approvals.

Leadership Continuity and Future Growth Plans

Under the terms of the agreement, Hilco Global will operate as a subsidiary of ORIX USA. Jeffrey B. Hecktman, Hilco’s founder and CEO, will continue to lead the company, while the current executive leadership and partner group will retain a minority ownership stake.

Founded in 1987, Hilco Global has built a strong international presence with over 770 employees. The firm is recognised for its deep expertise in asset monetisation, restructuring, and advisory services. Its asset focus spans a broad range, including intellectual property, real estate, commercial inventory, and branded consumer assets.

Terry Suzuki, President and CEO of ORIX USA, emphasised the strategic nature of the acquisition, calling Hilco a “best-in-class business” that aligns well with ORIX’s long-term growth plans. Hilco Global sees the transaction as a springboard to becoming a preeminent global investment management and advisory firm. “This partnership will allow us to scale faster and offer more innovative solutions to clients,” said Hecktman.

Both firms aim to capitalise on proprietary investment opportunities and expand advisory services under the combined platform, positioning themselves to meet rising demand in asset-based finance and advisory services.