BELL ATLANTIC CAPITAL CORPORATION

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Senior Vice President – Planning and M&A: 1988 - 1995

BACC was the financial services arm of Bell Atlantic Corporation. The organization was built on the acquisition of several financial services companies in the equipment leasing, real estate, and related financial services sectors.

Serving as the Vice President of Strategic Planning and M&A, Jim was instrumental in developing the overall strategy for the enterprise while also having responsibility with line management for acquisitions undertaken by BACC. The company acquired or started up the following enterprises during my tenure:

• Bell Atlantic Tricon Leasing – one of the largest middle market equipment leasing companies in America, Tricon Leasing was based in Paramus, New Jersey. The company was purchased by Bell Atlantic and during the period of ownership grew to over $1.0 billion in assets. The company provided general equipment leasing as well as leveraged lease financing products. It was sold to GFC in an all-cash transaction in 1994;
• Greyhound Capital Corporation – GCC was one of the largest providers of equipment financing to the (former) mainframe industry. The company was purchased from Greyhound Corporation;
• Municipal Finance – MF was a provider of financing solutions to municipalities on a nationwide basis;
• Bell Atlantic Properties – see (link)

BACC was a startup that grew to over $3.0 billion in assets over a five-year period. The company was ultimately broken into multiple pieces through sales processes as Bell Atlantic Corporation opted to move back to its telecommunications roots.