May 21, 2015
Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.
November 18, 2014
Element Financial boosted revenue in the quarter ending Sept. 30 by 120 percent largely due to its acquisition of PHH Arval from PHH Corp. in July, the company has announced.
October 23, 2014
Element Financial Corp. has extended the 14-year partnership between Arval and PHH Arval, following the July merger when representatives from both companies signed an enhanced strategic agreement to form the Element-Arval Global Alliance.
September 26, 2014
Jim Halliday, president, North America, of Element Fleet Management, formerly PHH Arval, discusses the company's acquisition by Element Financial Corporation and what it means to its clients, supplier partners, and its position in the fleet market.
September 9, 2014
Jim Halliday, the president of Element Fleet Management for North America, accepted the Ice Bucket Challenge from Automotive Fleet and has posted his ice-water shower online.
August 18, 2014
The go-to-market name for PHH Arval will transition to Element Fleet Management between now and the end of 2014. Element Financial Corporation, a Canadian-based equipment finance company, acquired PHH Corporation’s North American fleet management unit for $1.4 billion in cash on July 7.
August 6, 2014
Element Fleet Management's president has appointed four executives to senior leadership roles in Canada following the acquisition of PHH Arval.
July 8, 2014
Element Financial Corp. has finalized its acquisition of PHH Arval for $1.4 billion, a transaction that doubles the size of its managed fleet assets, the Canadian firm has announced.
June 20, 2014
Element Financial Corp.'s senior management team and Board of Directors has purchased $11.2 million in Element securities to help finance the Canadian fleet financier's acquisition of PHH Arval.
June 2, 2014
The Canadian equipment financier acquiring PHH Arval is raising $1.1 billion to close a deal it says will fuel ambitious expansion plans in the North American fleet management market.
PHH Corp. has agreed to sell its fleet management unit, PHH Arval, to Element Financial Corp. for $1.4 billion in cash in a deal that had been in the works since February.
May 27, 2014
Element Financial Corp. is expected to finalize the purchase of PHH Corp.'s fleet leasing unit for about $1.35 billion in about two weeks, according to a Reuters report quoting a source familiar with the matter.
February 21, 2014
PHH Corp. has entered talks to possibly sell its fleet management unit to Element Financial Corp., a financial and fleet management company that has partnered with GE Capital Fleet Services in Canada.
September 19, 2013
Cincinnati, Ohio-based Bush Truck Leasing specializes in providing vehicle financing solutions and related services to regional and national business clients involved in local pick-up, delivery and transportation services, according to Element.
July 1, 2013
Element Financial Corp., an independent equipment finance company, has purchased GE Capital’s Canadian fleet portfolio. As part of this agreement, the two companies said they have formed a strategic alliance to deliver vehicle fleet financing and management services to cross-border customers in Canada and the United States.
June 5, 2013
Element Financial Corporation and GE Capital announced that they have entered into a definitive asset purchase agreement, in which Element will acquire GE Capital’s Canadian fleet portfolio.
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