Jim Halliday on the Element Acquisition of PHH Arval

The acqui­si­tion of PHH Arval has been final­ized by Ele­ment Finan­cial Cor­po­ra­tion. The trans­ac­tion increas­es the size of the Company’s port­fo­lio of fleet assets to $6 bil­lion. The com­bined employ­ee base will serve cus­tomers through Ele­ment Fleet Management’s US head office in Sparks, Mary­land and its Cana­di­an head office in Mis­sis­sauga, Ontario, sup­port­ed by the Arval glob­al alliance that will ser­vice 40 coun­tries beyond North Amer­i­ca.

Jim Hal­l­i­day, pres­i­dent of Ele­ment Fleet Man­age­ment:  Q & A about PHH/Element and what it means to the fleet man­age­ment indus­try

“The trans­ac­tion posi­tions Ele­ment Fleet Man­age­ment as North America’s pre­mier fleet man­age­ment provider,” said Bradley Nullmey­er, Pres­i­dent of Ele­ment Finan­cial Cor­po­ra­tion. “Through Element’s oth­er busi­ness ver­ti­cals, it also presents an oppor­tu­ni­ty for our new fleet clients to access equip­ment financ­ing solu­tions for a much broad­er range of their cap­i­tal assets – from fork lifts and high­way trac­tors to rail­cars and air­craft.”

Element’s Fleet Man­age­ment busi­ness will be led by Jim Hal­l­i­day, cur­rent pres­i­dent of PHH Arval. “Element’s focused and dis­ci­plined approach to growth presents us with an excep­tion­al oppor­tu­ni­ty to deliv­er new solu­tions and a broad­er scope of ser­vices to our clients,” said Hal­l­i­day. “I believe our pas­sion for cus­tomer ser­vice togeth­er with the added scale and finan­cial strength to sup­port increased invest­ment in tech­nol­o­gy and prod­uct devel­op­ment, sets Ele­ment Fleet Man­age­ment apart as North America’s pre­mier fleet man­age­ment com­pa­ny.”

 

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