The Car and Truck Fleet and Leasing Management Magazine

PHH Arval Acquires First Fleet Corp.

February 19, 2004

PHH Arval has entered into an agreement to purchase First Fleet Corp, a national provider of asset management, operational support and financial services for companies that maintain private fleets of trucks, trailers and equipment, according to the companies are combining, First Fleet will continue to market its brand separately. Together, PHH and First Fleet will be a provider of leasing and services to truck fleets, managing roughly 58,000 medium and heavy trucks and equipment in the United States. PHH also manages an additional 527,000 cars and trucks.

George Kilroy, president and chief executive officer of PHH Arval, said the purchase has made the company stronger.

Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.

Sponsored by

Dollar Thrifty Automotive Group, Inc. is a car rental company headquartered in Tulsa, Oklahoma. The company's brands, Dollar Rent A Car and Thrifty Car Rental, serve travelers in more than 80 countries.

Read more

Up Next

More From The World's Largest Fleet Publisher