M&A Deal Summary

Element Fleet Management Acquires CoActiv Capital Partners

On November 9, 2012, Element Fleet Management Corp. acquired financial services company CoActiv Capital Partners LLC from Marubeni America Corp. for 300M USD

Acquisition Highlights
  • This is Element Fleet Management’s 2nd transaction in the Financial Services sector.
  • This is Element Fleet Management’s 2nd largest (disclosed) transaction.
  • This is Element Fleet Management’s 1st transaction in the United States.
  • This is Element Fleet Management’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2012-11-09
Target CoActiv Capital Partners LLC
Sector Financial Services
Buyer(s) Element Fleet Management Corp.
Sellers(s) Marubeni America Corp.
Deal Type Divestiture
Deal Value 300M USD

Target

CoActiv Capital Partners LLC

Horsham, Pennsylvania, United States
CoActiv Capital Partners LLC, a Vendor finance leasing program to the medical equipment and office technology manufacturers,Outsourcing small ticket leasing services to U.S. banks.

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Buyer(S) 1

Buyer

Element Fleet Management Corp.

Toronto, Ontario, Canada

website


Category Company
SectorFinancial Services
Employees2,500
Revenue 1.8B CAD (2020)
DESCRIPTION

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.


DEAL STATS #
Overall 2 of 3
Sector (Financial Services) 2 of 2
Type (Divestiture) 1 of 2
State (Pennsylvania) 1 of 1
Country (United States) 1 of 2
Year (2012) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-03 Alter Moneta Corp.

Longueuil, Quebec, Canada

Alter Moneta was established in 1998 as a de novo asset-based equipment finance company with the backing of Caisse de depot et placement du Quebec. Alter Moneta provides collateralized lending, financing and leasing services to middle-market businesses in the trucking and warehousing, construction, manufacturing, and services industries. The Company lends against and finances a wide range of new and used revenue-producing, essential-use equipment including cranes, trailers, and trucks.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-07 PHH Vehicle Management Services LLC (dba PHH Arval)

Sparks, Maryland, United States

PHH Vehicle Management Services LLC (dba PHH Arval) provides fleet management business.

Buy $1.4B

Seller(S) 1

SELLER

Marubeni America Corp.

New York,, New York, United States

website


Category Company
SectorDistribution
DESCRIPTION

Marubeni America Corporation, which we also refer to as "MAC," is a general trading company, engaged as an intermediary, importer/exporter, facilitator or broker in various types of trade between and among business enterprises and countries.


DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 2
Type (Divestiture) 1 of 4
State (Pennsylvania) 1 of 1
Country (United States) 1 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Prime Automotive Warehouse, Inc.

Olive Branch, Mississippi, United States

Prime Automotive Warehouse,distribution of aftermarket auto parts, chemicals, and tools to its large reseller customer base. Prime mainly markets its products through a monthly catalog.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-09 All-State Belting, LLC

Des Moines, Iowa, United States

All-State Belting, LLC a conveyor belt distributor,Operating through its strategically-located regional facilities in the U.S.All-State Belting will continue to serve original equipment manufacturers’ end-user customers and select industrial distributors.

Buy -