Orix USA, a diversified financial services company, has launched a new investment initiative of its majority-owned subsidiary, Mariner Investment Group LLC.
Led by President and CEO Yoshiteru “Terry” Suzuki, and along with Managing Director Christopher Suan, IX Capital Partners – Private Equity makes direct equity investments to support growth and special situations of established middle-market companies throughout North America, spanning a variety of industries including business services, retail, consumer, industrials, telecommunications and technology in North America. Its target equity size per deal is $100m with a range of $50m to $150m.
The team is based in Mariner’s New York City office, with an office also in Dallas.
Partnering with New York private equity sponsor Aperion Management and the investee entity’s management team, IX Capital Partners recently sponsored its first private equity investment—the acquisition of Chicago-based RoadSafe Traffic Systems, a national provider of pavement marking, sign installation and traffic control services and equipment to the roadway construction, and railroad and utility industries in the United States.
The company operates from 31 branch and satellite locations, enabling it to serve projects of any size in over 40 states.
The management team at RoadSafe — including CEO and President David Meirick and Chief Financial Officer Brendan Kissane — will continue leading the 1,000-plus employee company.