August 18, 2014
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 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.
March 2, 2014
PHH Arval, a global fleet management services provider, opened its commercial truck center in Virginia Beach, Va. Commercial Truck Center of Virginia is the company's first in the country to focus on used light, medium and heavy-duty trucks.
February 25, 2014
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, reports The Deal Pipeline.
October 8, 2013
PHH Arval announced that Kim Bolin has been named vice president, Vehicle Maintenance Assistance and Contact Center. Bolin most recently served as director for the North American Contact Center at PHH.
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