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News Stories (28 Results) - Element Fleet Management

Element Fleet Management Corp. announced the appointment of Israel (Izzy) Kaufman as Executive Vice President and Treasurer, effective Dec. 3.Kaufman brings to Element more than two decades of experience in treasury at leading financial services... Read Story
November 19, 2019, 07:08 AM


Element Fleet Management Corp. announced Standard & Poor’s (S&P) has initiated coverage of the company with an investment-grade BBB rating and stable outlook. Element is pleased with this outcome as it represents a significant step towards further... Read Story
November 04, 2019, 07:10 AM


Element Fleet Management Corp. announced further progress on the company’s client-centric strategy in the second quarter.Transformation work remains ahead of plan, the company said, with a cumulative $64.3 million of run-rate profit improvements... Read Story
August 01, 2019, 07:18 AM


Element Fleet Management Corp. announced increased net income in the first quarter and further progress on the company’s client-centric transformation. Element’s fleet platform generated adjusted operating income of $90.5 million from its core... Read Story
May 08, 2019, 07:19 AM


Element Fleet Mnagement Corp. announced Chairman Brian Tobin will depart at year end.With Element’s transformation well underway, and with the assumption of increased responsibilities as Vice Chair of BMO Financial Group, Tobin has tendered his... Read Story
November 06, 2018, 07:25 AM


Element Fleet Management Corp. recently announced a customer-centric plan to meaningfully improve financial performance, strengthen and de-risk the company’s balance sheet, and position the business for growth.“We have embarked on a transformational... Read Story
October 08, 2018, 07:30 AM


Celadon Group, Inc. announced it has entered into an agreement to sell its approximately 49.9 percent equity interest in 19th Capital Group, LLC to an affiliate of Element Fleet Management for nominal value. The sale is expected to close during the... Read Story
October 04, 2018, 07:26 AM


Amerit Fleet Solutions, a provider of fleet maintenance and repair services, announced the close of a majority investment from Ridgemont Equity Partners, a middle market private equity firm, and a minority investment from Element Fleet Management... Read Story
August 22, 2018, 07:20 AM


Element Fleet Management Corp. announced President and Chief Operating Officer Dan Jauernig will retire from Element effective July 31, 2018.“Dan has been instrumental in putting the right pieces in place to make Element the North American fleet... Read Story
July 27, 2018, 07:25 AM


Element Fleet Management Corp. announced the appointment of Vito Culmone as its new Chief Financial Officer, bringing to the Element team deep expertise in finance and strategic planning.Culmone will assume the role on July 16, replacing Samir... Read Story
June 26, 2018, 07:28 AM


Element Fleet Management Corp. announced the appointment of Jay Forbes as its new Chief Executive Officer and a significant refresh of the company’s board of directors that includes the planned addition of four new independent directors. Forbes'... Read Story
May 14, 2018, 07:30 AM


Higher fuel prices and tire costs contributed to a marked increase in the total cost of car and truck fleets in 2017, according to the third annual Element Fleet Management Total Cost of Ownership (TCO) Index.The Element TCO Index is a study that... Read Story
April 25, 2018, 07:20 AM


Element Fleet Management Corp. announced it has completed the issuance of $1 billion of rated term notes through Chesapeake Funding II LLC.The offering was Element’s first Chesapeake II issuance of the year and enjoyed strong demand that allowed the... Read Story
April 18, 2018, 07:01 AM


Bloomberg reported that Canada’s largest pension fund and Onex Corp. have teamed up to bid for Element Fleet Management Corp., with KKR & Co. also making an offer for the company, according to people familiar with the matter. Read the full Bloomberg... Read Story
December 14, 2017, 07:31 AM


Element Fleet Management announced financial results for the three and nine month periods ended September 30, 2017. As disclosed in the second quarter of 2017, Element has adopted new segmentation of core fleet management and non-core assets. “Over... Read Story
November 08, 2017, 07:05 AM


Element Fleet Management Corp. announced that it has completed the issuance of US$1 billion of rated term notes through Chesapeake Funding II LLC ("Chesapeake II").The offering was the third Chesapeake II issuance of 2017 bringing total issuance to... Read Story
November 01, 2017, 07:05 AM


Element Fleet Management has promoted Chris Gittens to the role of president of Canadian operations, effective immediately. He will report to Kristi Webb, president and CEO, Element Fleet Management North America. Gittens joined Element in 2013 as... Read Story
October 27, 2017, 07:19 AM


Element Fleet Management announced that The Hon. Brian Tobin, P.C., O.C., has been appointed Chairman of the Board of Directors. Element’s outgoing Chairman, Richard Venn, will remain a member of the Board and has stepped down from his previous role... Read Story
September 22, 2017, 07:00 AM


Element Fleet Management announced the sale of US$23 million of Element Rail Leasing II LLP 2016-1 Class B notes for an amount exceeding the current book value of the notes.“We continue to make strong progress on our overall growth strategy including... Read Story
September 20, 2017, 07:00 AM


Element Fleet Management Corp. announced the sale of approximately 60% of its Heavy-duty U.S. truck portfolio (“HD Trucks”) for cash proceeds of approximately $138 million, in excess of book value.“We are pleased to announce this asset sale at an... Read Story
September 07, 2017, 07:15 AM


Element Fleet Management Corp. reported financial results for the Company’s continuing operations for the three-month period ending March 31, 2017.“We delivered a solid quarter, with key revenue drivers showing improvements as the quarter progressed”... Read Story
May 10, 2017, 07:15 AM


Element Fleet Management Corp. reported financial results for the Company’s continuing operations for the twelve-month and three-month periods ending December 31, 2016. Element also announced that its Board of Directors approved management’s... Read Story
March 10, 2017, 07:05 AM


Element Fleet Management announced the appointment of Samir Zabaneh as Chief Financial Officer of the Company effective immediately.“I welcome Samir Zabaneh as a valuable addition to Element’s Executive Leadership Team. Samir brings significant... Read Story
January 10, 2017, 07:00 AM


Celadon Group announced that it has entered into a joint venture agreement with Element Transportation LLC ("Element"), a subsidiary of Element Fleet Management. The joint venture will hold leasing assets managed by Celadon's Quality Companies, LLC... Read Story
January 03, 2017, 07:15 AM


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... Read Story
November 22, 2016, 07:03 AM


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... Read Story
October 31, 2016, 07:17 AM


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... Read Story
October 04, 2016, 07:03 AM


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... Read Story
July 26, 2016, 07:18 AM