Element Fleet Management

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August 30, 2017

Harvey Nearly Halts Commercial Fleet Activity in Houston

Heavy flooding from what is now Tropical Storm Harvey has disrupted commercial fleets in the Houston area, as corporations and fleet management companies have begun reaching out to their employees and fleet drivers to ensure their safety and assess damage to fleet vehicles.

July 24, 2017

Driving Dynamics Acquires Element's CTS Training Unit

Driving Dynamics has acquired the Center for Transportation Safety (CTS) from Element Fleet Management in a deal that will expand its own fleet driver training and preserve the fleet management company's safety offering to its own clients, Driving Dynamics has announced.

April 25, 2017

Element Releases Xcelerate Fleet Management Platform

Element Fleet Management has fully launched its new fleet management platform, Xcelerate, the fleet management company has announced.

April 24, 2017

Element Announces Senior Leadership Changes

Sparks, Md.-based Element Fleet Management has made several changes in its senior management ranks, following the retirement of Tom Keilty as senior vice president of operations.

January 5, 2017

Element Purchases The CEI Group

Element Fleet Management Corp. has purchased fleet safety and accident management provider The CEI Group, the company announced.

August 1, 2016

Element Boosts Truck Team

Element Financial Corp. has bolstered its fleet truck sales efforts with eight new hires and promotions that include elevating Brad Hewitt to vice president of national accounts, the company announced.

February 23, 2016

Element Hires IT Consultancy Firm

Toronto-based Element Financial Corp. has hired Tata Consultancy Services (TCS), a Santa Clara, Calif., global information technology firm.

February 16, 2016

Element to Split Into Two Companies

Element Financial Corp. is spinning off its North American commercial finance business into a separate public company to allow its fleet management business to focus on its core business and generate higher returns as a stand-alone company.

December 23, 2015

Element Financial Closes $4.8B in Funding

Toronto-based Element Financial Corp. has closed $4.8 billion in rated asset-backed security funding that will fuel the company's aggressive move into the U.S. fleet management business.

December 10, 2015

Element Beefs Up Truck Fleet Sales Team

Element Financial Corp. has appointed nine executives to its fleet sales team with the bulk of the appointments specializing in fleet management sales for commercial trucks. The appointments bring together personnel from the recent acquisition of GE Capital's fleet business, Element announced.

October 27, 2015

Element Fleet Signs Telematics Deal with Telogis

Element Fleet Management has signed a strategic global agreement that brings Telogis' connected vehicle technologies and mobile apps to the fleet management company's commercial fleet customers.

October 14, 2015

Element Further Explains Growth Trajectory

Element Financial Corp. has provided additional details about strategy for growing its fleet management business with acquisitions, technology investment, and an agreement for additional rail capacity.

August 31, 2015

Element Financial Closes Acquisition of GE's Fleet Unit

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.

August 24, 2015

Element Names Webb President of Fleet Management Unit

Element Financial Corp. has tapped the leader of the recently acquired GE Capital fleet unit as president and chief executive for its U.S. fleet management company and will shift the existing president to its Toronto-based operation.

August 5, 2015

Element Names Commercial Truck Center Manager

Element Fleet Management has appointed Art Cohen as manager of its Commercial Truck Center (CTC), located in Virginia Beach, Va.

June 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.

August 18, 2014

PHH Arval to Transition Go-to-Market Name to Element Fleet Management

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's PHH Arval Buy Doubles Fleet Portfolio

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.

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