Element Fleet Management reported financial results for the first quarter ended March 31, 2019 and further progress on the company’s client-centric transformation. Q1 adjusted operating income from core business increased 38% from Q1 2018 to $122 million. read more

MAY 8, 2019 - 7:00 am

Element Fleet Management released its financial results for the fourth quarter and 12 months ended December 31, 2018 and reported accelerated progress on its transformation work. read more

MAR 7, 2019 - 6:45 am

Element Fleet Management announced that David Denison joined its Board of Directors and will assume the role of chairman on January 1, 2019. read more

DEC 14, 2018 - 7:00 am

Element Fleet Management announced that Chairman Brian Tobin will depart at year end. read more

NOV 6, 2018 - 6:50 am

Element Fleet Management closed its offering of 45,500,000 common shares at a price of $6.60 per share for an aggregate gross proceed of $300.3 million. read more

OCT 12, 2018 - 6:55 am

Merchants Fleet Management hired Candice Groth as director of Purchasing. Groth was previously with GE Capital Fleet Services and Element Fleet Management. read more

OCT 8, 2018 - 6:58 am

Amerit Fleet Solutions closed a majority investment from Ridgemont Equity Partners and a minority investment from Element Fleet Management. read more

AUG 22, 2018 - 2:17 pm

Element Fleet Management reported consolidated net income for Q2/18 more than doubled compared to the previous year, reaching C$79.1 million (US$60.4 million). read more

AUG 14, 2018 - 6:40 am

KBRA has assigned preliminary ratings to five classes of notes, with an initial principal balance of $6.0 billion, to be issued by Element Fleet Management through Chesapeake Funding II. read more

JUL 31, 2018 - 6:50 am

Dan Jauernig, president and chief operating officer of Element Fleet Management, will retire from the company, effective July 31, 2018. read more

JUL 27, 2018 - 1:16 pm

Element Fleet Management appointed Vito Culmone chief financial officer. Culmone will assume the role on July 16, replacing Samir Zabaneh, who has resigned as Element’s CFO to assume an executive role with another organization in the fintech industry. read more

JUN 26, 2018 - 6:34 am

Element Fleet Management’s subsidiary, Custom Fleet, has closed on an approximate $758 million asset-backed funding facility secured by commercial fleet leases and their underlying vehicles. read more

MAY 25, 2018 - 7:00 am

Element Fleet Management announced core fleet originations in Q1/18 were C$1.47 billion, up 10.5% from C$1.33 billion in Q1/17. read more

MAY 16, 2018 - 7:11 am

Element Fleet Management appointed Jay Forbes as its new CEO and announced the planned addition of four new independent directors to its board of directors. read more

MAY 14, 2018 - 7:49 am

Element Fleet Management completed the issuance of $1 billion of rated ABS term notes through Chesapeake Funding II. read more

APR 18, 2018 - 6:57 am