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NewsJuly 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.

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Market Trendsby Mike AntichJuly 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.

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NewsJuly 6, 2015

Ferrellgas Acquires Propane Advantage

Ferrellgas, one of the nation's top propane retailers, has acquired Propane Advantage, LLC.

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Newsby StaffJuly 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.

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NewsJune 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.

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NewsJune 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.

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NewsMay 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.

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Newsby Paul ClintonMay 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.

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NewsMay 14, 2015

GE Capital Moving Toward Divesting Japanese Fleet Financing

General Electric is expected to sell off its commercial lending and leasing operation in Japan that includes a business that finances and manages commercial vehicles, according to a report in the Wall Street Journal.

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Articlesby Mike AntichApril 17, 2015

Why GE Decided to Sell Its Fleet Services Business

Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.

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