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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.

Tags: Canada, Element Financial, PHH Arval, Mergers & Acquisitions

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.

Tags: PHH Arval, Expansion, Dealers, Used Trucks, Virginia

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.

Tags: Leadership, PHH Arval