The Car and Truck Fleet and Leasing Management Magazine

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August 24, 2015

Element Names Webb President of Fleet Management Unit

Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.

August 4, 2015

Merger Mania Hits Fleet Market, Again

Merger mania is hitting the fleet market once again. We’re hearing about potential OEM consolidations and we now have Element Financial Corp. expanding its foothold in the U.S., with the acquisition of GE Capital Fleet Services on the heels of its recent purchase of PHH.

July 23, 2015

Element-GE Capital Fleet Acquisition Clears Regulatory Hurdle

The U.S. Federal Trade Commission has granted early termination to the waiting period under an anti-trust law for Element Financial Corp. to acquire GE Capital's fleet management unit.

July 21, 2015

Element Financial's President Explains GE Capital Buy

The president of Element Financial Corp. provides the strategic thinking and explains the impact on the fleet industry of the company's acquisition of GE Capital Fleet Services in an exclusive interview with Automotive Fleet.

July 20, 2015

Why Element Wants to Buy the Fleet Businesses of GE Capital

Element Financial Corp. has reached a definitive agreement to buy GE Capital's fleet assets in the U.S., Mexico, Australia, and New Zealand. Separately, Arval will acquire the European portion of GE's fleet business.

July 7, 2015

Arval Signs Deal for GE Capital Fleet Services in Europe

BNP Paribas has announced that Arval has signed a memorandum of understanding with GE Capital to potentially acquire its European fleet management business.

July 2, 2015

Element Will Consider Additional Acquisitions

With the ink barely dry on Element Financial Corp.'s agreement to acquire GE Capital Fleet Services, the Toronto company's chief executive said Element may pursue other fleet management companies such as Donlen Corp. or LeasePlan.

June 30, 2015

Element Finds 'Strategic Opportunities' Down Under

Toronto-based Element Financial Corp.'s acquisition of General Electric's Australian and New Zealand fleet management business creates "significant strategic opportunities," according to the company.

June 29, 2015

Element to Acquire GE Capital's Fleet Business

Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.

May 27, 2015

Report: GE in Talks with Element for Fleet Business

Toronto-based Element Financial Corp. is now in "advanced talks" with General Electric Co. for the possible purchase of its fleet assets, according to a Bloomberg report.

May 21, 2015

Element Financial Raising $2.5B for Acquisition

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's PHH Arval Acquisition Boosts Quarterly Revenue

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-Arval Global Alliance Extends Partnership

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

Inside Element Financial's Acquisition of PHH Arval

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

Element Fleet's President Accepts Ice Bucket Challenge

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

PHH Arval to Transition Go-to-Market Name to Element Fleet Management

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 Names Senior Leadership Team for Canada

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's PHH Arval Buy Doubles Fleet Portfolio

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's Senior Managers Help Finance PHH Arval Acquisition

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

Element Raising $1.1B In PHH Fleet Acquisition

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.

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