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Element Financial Corp. has closed its acquisition of GE Capital's U.S. fleet business and will now turn its attention toward integrating the two entities, the Toronto-based company announced Aug. 31.
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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.
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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.
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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.
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BNP Paribas has announced that Arval has signed a memorandum of understanding with GE Capital to potentially acquire its European fleet management business.
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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.
Read More →GE Capital Fleet Services announced that it has allocated its annual $25,000 Chairman’s Award grant to Avenues for Homeless Youth in Minneapolis.
Read More →A survey from the fleet management company examines opinions by top executives about financial performance, operational issues, and the economic outlook of the fleet industry.
Read More →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.
Read More →Successfully managing an executive fleet program relies on making company leadership accountable and consistently enforcing fleet policy. Company culture is also a key success factor.
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