Element - M&A Summary and Business Overview

Financial ServicesCompany

Element M&A Summary

Element has acquired 4 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

Element’s largest acquisition to date was in 2014, when it acquired PHH Vehicle Management Services for $1.4B. Element has acquired in 2 different US states, and 3 countries. The Company’s most targeted sectors include financial services (50%) and automotive (25%).

Element Business Overview

Where is Element headquartered?

Element is headquartered in Toronto, Ontario.

What is Element’s revenue?

Element disclosed revenue of 2,580M CAD for 2023 and 1,960M CAD for 2022.

How many employees does Element have?

Element has 2,700 employees.

What sector is Element in?

Element is a financial services company.

When was Element founded?

Element was founded in 2007.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity4
  • Total Sectors Invested 3
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 3

Element

Element Fleet Management Corp.

161 Bay Street, Suite 3600,
Toronto, Ontario M5J 2S1
Canada,
(416) 386-1067
www.elementfleet.com

Element is a provider of equipment finance companies. Element operates across North America in four verticals of the equipment finance market – Commercial & Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management. Element was founded in 2007 and is based in Toronto, Canada.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - - - - 1 4
vol $1.7B $1.7B
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Autofleet Solutions Ltd. 2024-08-14 - Add-on Acquisition
Tel Aviv, Israel · www.autofleet.io
PHH Vehicle Management Services LLC 2014-07-07 1.4B USD Divestiture
Sparks, Maryland · www.phharval.com
CoActiv Capital Partners LLC 2012-11-09 300M USD Divestiture
Horsham, Pennsylvania
Alter Moneta Corp. 2011-08-03 - Add-on Acquisition
Longueuil, Quebec · www.altermoneta.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (50%) 300M (18%) - -
Automotive 1 (25%) 1.4B (82%) - -
Internet Software and Services 1 (25%) - - -
Total 4 $1.7B - -

By Geo

State/Country Buy Value Sell Value
United States 2 1.7B - -
  Pennsylvania 1 300M - -
  Maryland 1 1.4B - -
Canada 1 - - -
  Quebec 1 - - -
Israel 1 - - -
Domestic 1 (25%) - - -
Cross-border 3 (75%) 1.7B (100%) - -
Total 4 $1.7B - -

Deal Values

buy # Total
> $1B 1 $1.4B
$100M to $1B 1 $300M
TOTAL $1.7B
Largest PHH Vehicle Management Services LLC
$1.4B (2014-07-07)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)
Strategic(s)
50%
2 (50%)

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