Based on an interview with Element Financial’s chief executive officer, Steve Hudson, the Financial Post provided some background and history on the rise and fall of Newcourt Credit back in the late 1990s. In a fast forward to today, the author noted that in a restart under the banner of Element Financial, Hudson’s revamped version of the past company has “emerged as the darling of institutional investors.”

The Post noted that in just five years, through a rapid series of financings and acquisitions, it has emerged out of nowhere to become a $5 billion financial services company and one of the largest vehicle fleet operators in the world.

According to the Post, referring to Element’s $8.6 billion deal to buy GE Capital’s fleet leasing businesses in the U.S., Mexico, Australia and New Zealand, Hudson is already talking about spending another $5 to $6 billion to buy another “unnamed” North American Fleet business sometime in 2016.

Access the full article from the Financial Post here.