[November 12, 2019]

FGI Partners with Tetakawi to Offer Equipment Financing Solutions in Mexico

FGI Worldwide LLC, a global leader in commercial finance with clients in over 60 countries around the world, has partnered with Offshore International, Incorporated dba Tetakawi, one of the world's largest manufacturing shelter service and international logistics providers, to offer equipment financing solutions under a new entity - FGI Equipment Finance LLC. The two firms, which have an aggregate of $100 million in committed capital, bring over 40 years of combined experience to the new equipment finance venture, to offer the market a suite of manufacturing equipment financing solutions in Mexico.

The focus of FGI Equipment Finance LLC is to provide equipment loan and lease options to US and international entities with manufacturing operations in Mexico. FGI Equipment Finance LLC provides a highly effective and flexible solutions to best suit the individual needs of its clients. Industries served include aerospace, automotive, food and beverage, medical, electronics, and general manufacturing.

FGI Equipment Finance LLC is elated to announce that Alfredo Espino will serve as Managing Director of the firm and will lead a team with over 50 years' combined experience in financing equipment for firms with manufacturing facilities in Mexico. This includes the successful structuring and financing of ovr 300 capital and operating leases, equipment loans and refinancing transactions.

Luis Seldner CEO, of Tetakawi:
"Adding the ability to offer the market and our clients an effective option to finance their equipment needs was a natural progression in our quest to make the entry into the Mexican market seamless for our clients and those seeking a great finance solution."

David DiPiero CEO of FGI Worldwide LLC:
"The partnering of these two firms to offer such a new and amazing solution was a perfect fit, not just in terms of experience and resource but also in similarity in corporate culture. We both bring our expertise and market knowledge to FGI Equipment Finance LLC."

About FGI Worldwide LLC

FGI (www.FGIWW.com) is a global leader in the commercial finance and services industry, equipping small and medium enterprises with the tools they need to safely grow their business. FGI's two principal business units, FGI Finance and FGI Risk, provide clients with flexible and customized lending and risk mitigation solutions designed to support international and domestic growth. Headquartered in New York City, FGI maintains a presence on six continents with clients in over 60 countries around the world.

About Tetakawi

Since 1986, no one has helped more companies launch, operate, and thrive in Mexico than Tetakawi. With 25,000 employees in Mexico and the U.S., 75 clients from around the world, and eight locations in Mexico, Tetakawi has grown into the largest provider of support services to manufacturing companies in Mexico. For more information, visit tetakawi.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20191112005157/en/

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