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Element Fleet Management

Element Fleet Management Canada Names President

Element Fleet Management Canada has promoted its former chief commercial officer to the role of president.

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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.

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.

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.

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.

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.

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.