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CoActiv Launches a New Office Products Group and Immediately Secures a Position of Strength in the Marketplace


June 8, 2011 - Horsham, PA

Leader in business equipment leasing, CoActiv Capital Partners, Inc. (CoActiv), announced the successful launch of its new Office Products Group. The division officially formed back in October of 2010. Given the changes in the office products leasing industry, CoActiv's Management Team believed the time was right to re-enter the market as a new source of financing with an established history.

Throughout the 1990's, the same Management Team directed Tokai Financial Services. Don Campbell and Steve Grosso, currently the CEO and COO respectively of CoActiv, led the industry by developing high-volume, small-ticket, outsourced programs for all major copier manufacturers. CoActiv plans to continue its successful history in the office products leasing industry. "We believe this is the optimal time for a service-oriented finance partner with experience," says Mr. Grosso. "Our strategy is to only hire the best, starting with our seasoned Sales Team."

Leading the Office Products Group is Vice President of Sales David Gerrard. Mr. Gerrard has had an impressive 28-year career in office products leasing and served as Vice President, Program Management in CoActiv's Technology Division. His experience and development of strategic programs dramatically increased market penetration, and made him the ideal candidate to spearhead this new group. Mr. Gerrard began his career at Lanier Worldwide, Inc.'s copier division beginning in sales and ending as Branch Manager. Prior to CoActiv, Mr. Gerrard also served De Lage Landen (DLL). He began as National Accounts Director of Sales and led a team of Major Account copier leasing representatives, and then transitioned to Director of DLL Office Products Group's largest region. Mr. Gerrard later became Vice President of Sales for the Banking Group.

Joining Mr. Gerrard at the onset was Northeast Regional Sales Director Tony Luparello. Mr. Luparello has 19 years of successful sales experience in the Mid-Atlantic Region. Most recently, he served as Regional Sales Manager at US Bank Office Equipment Finance where he was instrumental in revenue and income growth of over 70% in a 12-month period, and signed 22 new and lucrative vendor partnerships. Prior to US Bank, Mr. Luparello served 7 years at Wells Fargo Financial Leasing and developed and managed the company's largest and most productive sales territory.

Through the combined efforts of Messrs. Gerrard and Luparello, the Office Products Group has achieved substantial revenue gains in a matter of months. In order to further this success and expand its market share, CoActiv welcomed Jeff Stellinga as Southeast Regional Sales Director. Mr. Stellinga's reputation of exceptional sales growth is known throughout the office products leasing industry. While covering the Florida and Georgia market with US Bank, he grew sales from $10mm to $92mm per year. During this time, Mr. Stellinga was the #1 producer in terms of growth, volume and profitability.

With the addition of Mr. Stellinga, the Office Products Group remains committed to growing its strategic dealer relationships. The Group delivers premier service and programs backed by the financial strength of CoActiv's parent Marubeni. Ranked as the 206th largest company in the world by the Fortune Global 500, Marubeni is able to provide ample funding despite a credit-tight economy. Moving forward, the Office Products Group will continue to deepen sales penetration and exceed all expectations. "Our goal is to provide our dealer partners a competitive advantage that goes well beyond financing," Mr. Gerrard explains. "We have a fresh and flexible approach with none of the legacy system issues and sales paradigms of other leasing companies. Our top-rated team has the experience, and more importantly, understands that it's all about service."

About CoActiv Capital Partners, Inc.
CoActiv Capital Partners, headquartered in Horsham, PA, is one of the fastest growing commercial equipment leasing finance companies in the United States. CoActiv specializes in designing and implementing private-label sales-aid finance programs to meet the needs of equipment manufacturers in specific industries and has particular expertise in customizing programs for the multi-tiered distribution channels within those industries. For more information about CoActiv, visit coactivcapital.com.

CoActiv Capital Partners is part of Marubeni Group and Marubeni America Corporation (MAC). Marubeni is ranked 206th in the Fortune Global 500 and is located in 69 countries with over 5,000 employees and 119 offices worldwide.

Marubeni Corporation is headquartered in Tokyo, Japan. Marubeni America Corporation is located at 375 Lexington Avenue, New York, NY 10017. CoActiv Capital Partners' headquarters is located at 655 Business Center Drive in Horsham, Pennsylvania. Its Canadian division, CoActiv Capital Partners Canada, is located at 307-3310 South Service Rd, Burlington, ON L7N 3M6. For more information about Marubeni visit marubeni.com.

Contact:
Kathie Juliano
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