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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.
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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.
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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.
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Element Fleet Management's president has appointed four executives to senior leadership roles in Canada following the acquisition of PHH Arval.
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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.
Read More →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.
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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.
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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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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.
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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.
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