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.
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 11, 2014
PHH Arval has kicked off its annual series of fleet management symposia in Canada with an event in Ontario that welcomed more than 130 attendees to the Country Heritage Park in Milton.
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 29, 2014
PHH Arval has launched three new technology platforms to help clients gain additional data about their vehicles, the fleet management company announced today.
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.
May 20, 2014
PHH Arval has elevated three executives to new leadership roles, including elevating an executive to head its North American business development efforts, the fleet management company has announced.
May 14, 2014
The PHH Arval Energy Conference has spent more than 20 years educating and informing its energy industry clients on how to make the most of their fleets.
April 18, 2014
Rightsizing a fleet, whether it means reducing the number of vehicles or transitioning to smaller, more fuel-efficient models, can create resentment and frustration among drivers, causing them to resist the initiative.
February 28, 2014
PHH Arval could sell for as much as $650 million if the fleet management division were separated from PHH Corp.'s mortgage business, a Wall Street analyst told AutomotiveFleet.com.
February 27, 2014
PHH Arval has opened its first commercial truck center in the country in Virginia Beach to offer its off-lease truck inventory, the fleet management company announced Thursday.
February 25, 2014
Technology is key factor in fleet managers' ability to be efficient and productive. Read a representative sampling of some of the newest technological options available from telematics and fleet management companies.
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.
February 19, 2014
PHH Corp. removed the interim label from Jim Halliday's title, naming him president of the company's PHH Arval fleet management division. Halliday has been serving as interim president since Dec. 20, when he replaced George Kilroy, who resigned.
February 12, 2014
PHH Corp. increased revenue from its PHH Arval fleet management division by 1.14 percent in 2013 and is considering splitting off the fleet division as a separate company.
January 14, 2014
Fleet management services provider PHH Arval has announced that Scott Madden has been appointed vice president of business development for Canada’s central and eastern regions.
January 2, 2014
PHH Arval has expanded access to compressed natural gas for its fleet clients under a new agreement with VNG.CO, a Bala Cynwyd, Pa.-based CNG fueling network.
December 20, 2013
PHH Corporation has announced that Jim Halliday, senior vice president and chief business development officer, North America, and president, PHH Canada, has been appointed interim president, PHH Arval, effective immediately.
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