Element Fleet Management Related Content

What’s Next for Equipment Finance? Monitor Live+ Open for Registration

Monitor will host a free virtual event on May 20 featuring moderator Vince Belcastro and panelists David Normandin, Miles Herman and Tom Depping who will discuss what lies ahead for the equipment finance industry. read more

Element Fleet Q1/20 Income Up 5.8% Y/Y

Element’s core fleet business generated adjusted operating income of C$134.8 million ($96.36 million) in Q1/20. On a year-over-year basis, core adjusted operating income increased C$12.8 million ($9.15 million) from Q1/19. read more

Element Sees 38% Increase in Adjusted Operating Income Y/Y

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

Element Reports $99.2MM Operating Income for Q4/2018, Up $3.8MM Y/Y

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

Element Fleet Appoints Denison New Chairman

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

Element Fleet Chairman Tobin to Step Down

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

CIBC, BMO, Barclays Lead $300.3MM Element Fleet Share Offering

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

Merchants Fleet Hires Ex GE Capital, Element Fleet Purchasing Director

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

Element Fleet Management Makes Minority Investment in Amerit

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

Element Fleet Management More Than Doubles Q2/18 Net Income

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

KBRA Assigns Ratings to $6B Element Fleet Management ABS

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

Jauernig to Retire from Element Fleet Management

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

Element Fleet Management Appoints Culmone Chief Financial Officer

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

Element’s Custom Fleet Completes Australian Funding Facility

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

Element Fleet Q1 Originations up 10.5% Y/Y

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

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Susie Angelucci
Advertising: 484.459.3016

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.