Element Fleet Management Corp. provided an update regarding its strategic priorities, earnings outlook and leadership.Since 2012, Element has completed a number of significant transactions that have created an industry-leading fleet management...
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February 06, 2018, 07:19 AM
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ENGS Commercial Finance announced that Christopher Kelly has joined the company as the Director of Sales of its newly launched Construction Division. In this role, Mr. Kelly will be responsible to develop ENGS into a nationally recognized market...
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April 04, 2017, 07:19 AM
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ECN Capital announced that it has appointed Michel Béland to the position of Chief Financial Officer of the Company effective immediately.Mr. Béland has served continuously as the Chief Financial Officer of Element Financial Corporation since July...
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January 10, 2017, 07:15 AM
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ECN Capital Corp. reported that the Company’s CEO, Steven Hudson, has purchased $18.2 million in ECN Common Shares in the open market at an average price of $2.88 per share. He also exercised previously vested options to purchase 300 thousand common...
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November 22, 2016, 07:03 AM
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Steven Hudson, Chief Executive Officer of Element Financial Corporation, is this year’s Entrepreneur Of The Year™ Ontario winner.“Steven’s originality and innovation shines through in all he does,” says Paula Smith, EY partner and Entrepreneur Of The...
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October 31, 2016, 07:17 AM
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Element Financial Corporation (“Element”), now Element Fleet Management Corp. (“Element Fleet”) and ECN Capital Corp. (“ECN Capital”) jointly announced the completion of the reorganization of Element into two separate publicly-traded companies (the...
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October 04, 2016, 07:03 AM
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INFOR Acquisition Corp. announced that in accordance with applicable rules, it has received a receipt for a final non-offering prospectus in connection with the completion of its proposed Qualifying Acquisition with ECN Capital Corp. ("ECN...
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September 27, 2016, 07:19 AM
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Element Financial Corporation announced that its Board of Directors has unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies (the “Separation Transaction”) targeted for closing on...
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July 26, 2016, 07:18 AM
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Element Financial Corporation announced that the Company has closed the issuance of US$1.0 billion in rated term notes through Chesapeake Funding II LLC (“Chesapeake II”) and closed the renewal of its asset-backed funding facility with the Company’s...
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June 29, 2016, 07:05 AM
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Element Financial Corporation reported financial results for the three-month period ending March 31, 2016. After-tax adjusted operating income for the three-month period ending March 31, 2016 was $143.3 million or $0.35 per share (basic), in line...
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May 12, 2016, 07:17 AM
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Stonebriar Commercial Finance announced that John Cyphers has joined the company as Director of Originations covering the Eastern Region, managing Stonebriar Commercial Finance's origination efforts in that area. This hire continues Stonebriar's...
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May 02, 2016, 07:15 AM
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CIT Group announced that CIT Equipment Finance appointed Tom Thomasian as Office Imaging Sales Manager. Thomasian will be responsible for growing revenue and enlarging the dealer network in the Western United States and reports to David Gerrard...
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April 13, 2016, 07:14 AM
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On February 16, 2016, Element Financial Corporation (“Element”) announced its intention to separate into two independent publicly traded companies: Fleet Management and Commercial Finance.The current Board of Directors, governance and management...
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April 08, 2016, 07:15 AM
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Element Financial Corporation reported financial results for the three-months and year ending December 31, 2015. For the three months ended December 31, 2015 after tax adjusted operating income was $143.5 million, exceeding consensus estimates...
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March 03, 2016, 07:38 AM
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Element Financial Corporation announced that following the completion of a strategic review of each of the Company’s business units that it initiated in October of last year, the Board of Directors has approved plans to proceed with a transaction...
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February 16, 2016, 07:21 AM
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Reuters reported that Bank of Nova Scotia is in discussions to sell a C$1 billion ($715 million) vendor and equipment financing portfolio, according to four sources familiar with the matter. According to the exclusive Reuters report, Scotiabank...
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January 07, 2016, 07:14 AM
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Element Financial confirmed that it is proceeding with the strategic review of the Company’s Canadian Commercial & Vendor Finance business vertical that it initiated in October of 2015. The Company continues to expect to be actionable on the results...
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January 07, 2016, 07:12 AM
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Element Financial Corporation announced that the Company has closed the issuance of US$1.7 billion in term notes through Chesapeake Funding II LLC.This follows the previous issuance of US$1.5 billion in variable funding notes issued on December 16...
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January 04, 2016, 07:00 AM
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Element closes rated ABS notes offered through new US$4.8 billion Chesapeake Funding II LLC conduit to fund U.S. fleet assetsElement Financial announced that the Company has closed Chesapeake Funding II LLC, the new US$4.8 billion rated asset backed...
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December 17, 2015, 07:02 AM
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Element Financial Corporation reported financial results for the three-month and nine-month periods ending September 30, 2015.Overall, new originations amounted to $1.9 billion for the three-month period ended September 30, 2015 representing a 60.9...
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November 11, 2015, 07:11 AM
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Trinity Industries, through its wholly-owned subsidiary, TrinityRail Asset Management Company, LLC (“TRAMCo”) announced the extension of its strategic railcar alliance with Element Financial Corporation. Under the extended alliance, Element is...
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October 15, 2015, 07:05 AM
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Element Financial Corporation announced that it has initiated a series of steps that will accelerate the transformation of the Company into North America's leading fleet management and services enterprise with complementary commercial finance...
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October 14, 2015, 07:08 AM
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Element Financial announced that it has closed the acquisition of General Electric Capital Corporation’s (“GE Capital”) fleet management operations in Mexico and their fleet management operations in Australia and New Zealand doing business as Custom...
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October 01, 2015, 06:38 AM
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Element Financial announced that it has received an initial issuer rating of BBB from DBRS Limited (DBRS).The Company also was awarded a rating of R-2 (middle) on its short-term instruments and a rating of Pfd-3 on its perpetual preferred shares. All...
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September 25, 2015, 06:38 AM
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Element Financial announced a new leadership team for its fleet management business (“Fleet Management” or the “Company”). The new team brings together top talent and expertise from the recent acquisition of the GE’s U.S. Fleet Services business and...
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September 11, 2015, 07:22 AM
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Element Financial Corporation announced that it has closed the U.S.-based portion of the previously announced acquisition of the remaining North American fleet management operations of General Electric Capital Corporation and expects to close the...
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September 01, 2015, 07:07 AM
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Element Financial announced that Kristi Webb has been appointed as the new President and CEO of Element's fleet management business and Jim Halliday has been appointed as Executive Vice President, Element Financial Corporation. These appointments...
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August 25, 2015, 07:09 AM
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Element Financial Corporation reported financial results for the three-month and six-month periods ending June 30, 2015. Free operating cash flow amounted to $88.8 million for the three-month period. After tax adjusted operating income amounted to...
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August 13, 2015, 07:12 AM
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Element Fleet Management announced the appointment of Trish Marks to Regional Vice President of Business Development.“The expertise Trish offers customers is a testament to her 33 years of service in the fleet industry,” said Gary Anderson, chief...
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August 07, 2015, 07:12 AM
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Element Financial announced that the United States Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) with respect to the Company’s pending...
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July 24, 2015, 06:59 AM
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The Equipment Leasing and Finance Association (ELFA) announces that its 2015 Operations and Technology Excellence Award will go to two companies: Element Financial Corporation and Quick Bridge Funding, LLC. The winners were selected by a subcommittee...
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July 23, 2015, 06:45 AM
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Bloomberg reported Element Financial is looking for more deals after announcing a $6.9 billion acquisition of GE Capital’s fleet business.According to the Bloomberg report, Element Chief Executive Officer Steve Hudson said he’s eyeing Hertz Global...
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June 30, 2015, 07:16 AM
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GE announced today that it has reached an agreement to sell its U.S., Mexico, Australia and New Zealand fleet businesses to Element Financial Corporation for US$6.9 billion. Separately, GE has signed a memorandum of understanding for the potential...
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June 29, 2015, 07:10 AM
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Element Financial Corporation announced the closing of a US$1.21 billion debt offering of ECAF I Ltd., Series 2015-1 Notes (the “Offering”). The Company acted as structurer in the formation of ECAF I Ltd. and sourced the third-party institutional...
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June 23, 2015, 07:10 AM
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GE said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter.Quoting the people, the Bloomberg report said that no deal...
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May 27, 2015, 07:20 AM
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Element Financial Corporation announced that it plans to sell, on a “bought deal” basis, $1,550 million of subscription receipts (“Subscription Receipts”), $500 million aggregate principal amount of extendible convertible unsecured subordinated...
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May 21, 2015, 07:08 AM
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Element Financial Corporation reported financial results for the three-month period ending March 31, 2015. Free operating cash flow amounted to $78.4 million for the three-month period. After tax adjusted operating income amounted to $60.4 million...
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May 14, 2015, 07:04 AM
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Element Financial announced that it has appointed independent director William Lovatt as Chairman of the Company’s board of directors, effective as of April 1, 2015. This appointment aligns Element with optimal corporate governance standards where...
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March 26, 2015, 07:10 AM
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Element Financial announced the appointment of Mr. Craig Jackson as Vice President of its Asset Management group.In this position, Mr. Jackson will oversee residual settings, asset management studies, and remarketing efforts. He will report to David...
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March 20, 2015, 07:07 AM
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Element Financial Corporation (TSX:EFN) (“Element” or the “Company”), one of North America’s leading equipment finance companies, together with its wholly-owned subsidiaries Element Rail Leasing II LLC and Element Rail Leasing Canada LP, announced...
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March 04, 2015, 06:00 AM
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Element Financial Corporation announced that Mr. Harry Zander has been appointed as Senior Vice President Sales in Element’s Rail Finance vertical.“To expand Element’s presence in the North American rail finance market, we’ve brought on board a sales...
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February 25, 2015, 07:00 AM
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Element Financial Corporation announced today that it expects to organically originate approximately $6.5 billion of new equipment loans and leases during 2015 across the Company’s four North American market verticals representing an increase of 35%...
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December 17, 2014, 07:08 AM
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Element Financial announced that members of the Company’s senior management team purchased approximately $7.1 million worth of Element common shares in the open market following Friday’s announcement of the Company’s financial results for the...
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November 20, 2014, 07:02 AM
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Element Financial Corporation reported financial results for the three-month and nine-month periods ending September 30, 2014. New originations during the period of $1.2 billion, together with the acquisition of PHH Arval at the beginning of the...
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November 14, 2014, 07:06 AM
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Element Financial Corporation announced that it has expanded the Company’s existing senior credit facility to $1.6 billion with the addition of a further $100 million commitment from a US-based bank. The Company’s senior banking facility is led by...
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October 24, 2014, 06:45 AM
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Element Financial Corporation ("Element" or the "Company") announced that it has received an issuer and senior unsecured rating of BBB+ from Kroll Bond Rating Agency (KBRA). "The ratings are supported by Element's franchise strength and growing...
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September 19, 2014, 06:36 AM
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PayNet releases AbsolutePD, for Canadian commercial lenders to provide forward looking probabilities of default on each borrower where financial statements or tax returns are unavailable. This new tool assists Canadian commercial lenders to manage...
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September 09, 2014, 06:30 AM
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Element Financial Corporation (“Element” or the “Company”), reported financial results for the three-month and six-month periods ending June 30, 2014 with organic originations of $0.8 billion contributing to a 7.9 percent increase in the Company’s...
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August 13, 2014, 07:00 AM
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Element Financial ("Element" or the "Company") announced the recruitment of a team of experienced structured finance veterans formerly with Credit Suisse Group. Together, this team has more than US$45 billion of experience structuring, investing and...
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August 08, 2014, 07:02 AM
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Arby’s Restaurant Group, Inc. (ARG) has entered into an agreement with Element Financial Corp. to power the Arby’s Remodel Financing Program. Earlier this month, Arby’s announced a new Brand Revitalization and remodel program with plans to renovate...
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July 01, 2014, 07:00 AM
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Element Financial Corporation announced that it has entered into an agreement with Cargojet Inc., (“Cargojet”) to finance three Boeing 767-300ER freighter aircraft for approximately $100 Million. The transaction will provide Canada’s leading supplier...
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June 09, 2014, 07:00 AM
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Element Financial Corporation announced that it has entered into a definitive agreement to acquire the assets and operations of PHH Arval, PHH Corporation’s North American fleet management services business (the “Transaction”). Under the terms of the...
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June 03, 2014, 07:00 AM
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Element Financial (“Element” or the “Company”) announced the appointment of David D. McKerroll as President of Element Capital to oversee the further expansion and development of Element’s Railcar Finance and Aviation Finance business units.As a...
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May 28, 2014, 07:00 AM
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A Reuters exclusive report states Element Financial Corp. is in talks to buy PHH Corp's fleet leasing business for about $1.35 billion in cash, in a deal structured to include significant tax benefits, a source familiar with the matter said on...
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May 22, 2014, 07:02 AM
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Element Financial Corporation reported financial results for the three-month period ending March 31, 2014 with record originations of $1.1 billion contributing to a 27 percent increase in the Company’s total earning assets to $3.8 billion as at March...
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May 14, 2014, 07:05 AM
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Element Financial Corporation (“Element”) announced that it has entered into a US$200 million secured equipment financing agreement with Bridger, LLC (“Bridger”), an oil marketing and midstream logistics company based in Dallas, Texas. The facility...
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May 13, 2014, 07:05 AM
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Element Financial Corporation and its wholly-owned subsidiary Element Rail Leasing I LLC (Series 2014-1), announced that it has closed its first railcar asset-backed securitization (ABS) in the aggregate gross amount of $340.3 million.
The...
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April 18, 2014, 07:18 AM
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Element Financial Corporation (“Element” or the “Company”), one of North America’s leading equipment finance companies, announced today that it has entered into a multi-year Program Agreement (the “Program Agreement”) with Indianapolis-based Celadon...
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April 01, 2014, 07:06 AM
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Element Financial Corporation announced that it has closed its third railcar lease portfolio with the purchase of a further US$118 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar manufacturer in North...
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March 28, 2014, 06:30 AM
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Element Financial Corporation ("Element" or the "Company") announced that it has closed its previously announced Cumulative 5-Year Rate Reset Preferred Share Series C financing. Element issued, on a bought deal basis, 5,000,000 6.50% Cumulative...
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March 10, 2014, 06:00 AM
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Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset based lending, accounts receivable financing (factoring) and equipment finance solutions to small and mid-sized businesses nationwide, announced the...
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March 05, 2014, 06:45 AM
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Element Financial (formerly CoActiv) will provide BURGER KING franchisees throughout North America with new financing options for Next Generation Kitchen (NGK) equipment purchases and installations. Element’s program simplifies the process for...
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February 24, 2014, 07:02 AM
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Element Financial Corporation (Element” or “the Company”) today reported financial results for the 12-month and three-month periods ending December 31, 2013 with all five business verticals delivering record originations volumes contributing to a 30...
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February 21, 2014, 07:00 AM
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Element Financial (“Element” or the “Company”), announced that it has completed its second railcar portfolio acquisition with the purchase of a further US$396 million worth of leased railcars from Dallas-based Trinity Industries, the leading railcar...
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January 29, 2014, 07:00 AM
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Element Financial Corporation (“Element” or the “Company”), announced that it expects to organically originate more than $3.8 billion of new equipment loans and leases during 2014 across the Company’s five North American market verticals representing...
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January 15, 2014, 07:04 AM
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Element Financial Corporation announced that it has closed its previously announced acquisitions comprised of approximately US$348 million worth of helicopter and railcar finance assets from GE Capital and Trinity Industries, Inc....
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December 20, 2013, 06:15 AM
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Element Financial Corporation (“Element” or the “Company”) announced that it has entered into a strategic alliance with Trinity Industries (“Trinity”) to provide lease financing for up to $2 billion worth of railcars over the next two years. Element...
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December 10, 2013, 07:03 AM
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Element Financial Corporation (“Element” or “the Company”) reported financial results for the three and nine month periods ending September 30, 2013 showing strong growth in earnings and increased origination volumes in the Company’s commercial...
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November 14, 2013, 07:19 AM
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Element Financial Corporation announced that it has signed a Vendor Financing Agreement (the “Agreement”) with Saskatoon-based Crestline Coach Ltd. (“Crestline”) that establishes Element as Crestline’s preferred sales financing partner across North...
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October 08, 2013, 07:00 AM
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Element Financial Corporation (“Element” or the “Company”) announced that it has entered into a North American vendor finance agreement (the “Agreement) with Lion Buses Inc. (“Lion”) of St. Jerome, Quebec, one of North America’s leading anufacturers...
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October 01, 2013, 07:02 AM
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Element Financial Corporation (“Element” or the “Company”) announced that the company’s aviation finance business unit, acting as lessor, lender or lead arranger, has successfully leased or financed more than 100 aircraft since the inception of this...
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October 01, 2013, 06:59 AM
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Element Financial Corporation("Element" or "the Company"), announced that it has closed a new $585 million senior revolving credit facility to fund the Company's planned origination activity into 2014.The facility, which includes a $150 million...
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September 05, 2013, 07:02 AM
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Element Financial Corporation (“Element” or “the Company”), reported financial results for the three and six month periods ending June 30, 2013 showing strong growth in origination volumes across all of the Company’s business verticals. New...
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August 14, 2013, 07:00 AM
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Element Financial Corporation (“Element”) announced that it has entered into a definitive agreement to acquire the business of Cincinnati-based Bush Truck Leasing, Inc. (“BTL”) from its founder, Michael Bush. BTL’s current portfolio of finance...
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June 26, 2013, 07:12 AM
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Element Financial Corporation (“Element” ) and GE Capital (“GE Capital”) announced that they have entered into a definitive asset purchase agreement (the “Agreement”) whereby Element acquires GE Capital’s Canadian fleet portfolio and the two...
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June 03, 2013, 07:08 AM
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In a news release posted on the De Lage Landen Financial Services (DLL) website, DLL alleges it has learned that a senior officer of Element Financial Corp. gained access to DLL’s computer systems without DLL’s consent or knowledge. The complaint...
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May 24, 2013, 07:13 AM
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Element Financial Corporation ("Element" or "the Company"), reported strong financial results across all of its business segments generating operating income of $12 million for the three month period on finance revenue of $31.8 million resulting in...
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May 14, 2013, 07:20 AM
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Element Financial Corporation (“Element” or “the Company”) announced several changes to the Company’s board of directors aimed at bringing increased independence and a broader regional perspective to the work of the board and its committees.In this...
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May 07, 2013, 06:50 AM
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Element Financial Corporation ("Element" or "the Company"), announced that it has commenced rebranding the operations of the recently acquired CoActiv Capital Partners under Element's North American identity. Effective immediately, the legal name of...
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May 03, 2013, 07:16 AM
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In an exclusive interview featured on Bloomberg, Element Financial's Chief Executive Officer Steve Hudson said selling repackaged leases to life insurance companies helped his Canadian firm avoid the “financial market heroin” that almost ruined his...
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April 11, 2013, 07:14 AM
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Element Financial Corporation (“Element” or “the Company”), Canada’s leading independent equipment finance company, reported that record origination levels of $689.3 million contributed to revenue of $57.9 million, operating income of $14.9 million...
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February 20, 2013, 07:28 AM
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Element Financial Corporation (“Element” or the “Company”), Canada’s leading independent equipment finance company, announced that it has completed the previously announced acquisition of 100% of the shares of Nexcap Finance Corporation (“Nexcap”)...
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January 21, 2013, 07:00 AM
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Element Financial Corporation ("Element" or the "Company"), announced that it has entered into a definitive agreement to acquire Nexcap Finance Corporation ("Nexcap") for approximately $20 million plus the assumption of existing net debt (the...
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December 28, 2012, 07:30 AM
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CoActiv Capital Partners, Inc. (CoActiv), a subsidiary of Element Financial Corporation, announced today the hiring of Mr. Patrick Neary as Senior Vice President and Business Unit Manager for the Office Products Group. In a related move, Mr. David...
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December 18, 2012, 08:00 PM
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Element Financial Corporation ("Element" or the "Company") announced that it has completed the previously announced acquisition of 100% of the shares of Horsham, Pennsylvania-based CoActiv Capital Partners, Inc. ("CoActiv") from Marubeni America...
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December 03, 2012, 07:22 AM
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Element Financial Corporation ("Element") is pleased to announce that it has amended the terms of its previously announced private placement bought deal offering of special warrants of Element ("Special Warrants") to increase the size of the offering...
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November 12, 2012, 07:36 AM
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Element Financial Corporation ("Element" or the "Company"), Canada's leading independent equipment finance company, today announced that it has entered into a definitive agreement with Marubeni America Corporation and Marubeni Corporation...
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November 09, 2012, 08:00 AM
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Element Financial Corporation ("Element" or "the Company"), Canada's leading independent equipment finance company, today reported that record origination levels of $219.7 million contributed to revenue of $19.6 million, operating income of $5.4...
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November 07, 2012, 07:19 AM
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Element Financial Corporation ("Element"), Canada's leading independent equipment finance company, announced that it has appointed Troy Campbell as President of its wholly-owned subsidiary, Transportation Lease Systems Inc. ("TLS Fleet Management" or...
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August 13, 2012, 07:27 AM
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Element Financial Corporation ("Element"), one of Canada's leading independent equipment finance companies, announced that it has entered into a definitive agreement to acquire 100% of TLSI Holdings Inc., the holding company of TLS Fleet Management (...
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May 16, 2012, 08:00 AM
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Element Financial Corporation ( (“Element”), one of Canada’s leading independent equipment finance companies, today announced ahead of plan originations and profitability and financial results for the first quarter of calendar 2012.“The financial...
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May 15, 2012, 07:30 AM
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