Element Financial and GE Capital Launch Cross-Border Fleet Management Strategic Alliance

Element Financial Corporation has acquired GE Capital's Canadian fleet portfolio and the two companies have formed a strategic alliance to deliver comprehensive vehicle fleet financing and management services to cross-border customers in Canada and the United States.

The acquired GE Capital Canadian fleet operations will be combined with TLS Fleet Management, Element's existing fleet management business, to serve the domestic Canadian fleet industry under the Element Fleet Management brand.

Element Financial Corp. has total assets of approximately $2.4 billion (Canadian) and operates in three verticals in the equipment financing marketing. The company’s Element Capital branch provides large ticket equipment leasing. Element Finance serves the mid-ticket equipment finance market, and Element Fleet provides vehicle fleet leasing and management solutions, according to the company.

NAFA Fleet Management Association
125 Village Blvd., Suite 200
Princeton, NJ 08540

Telephone: 609.720.0882 Fax: 609.452.8004