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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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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.
Read More →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.
Read More →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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