M&A Deal Summary

Element Acquires PHH Arval

On July 7, 2014, Element acquired automotive company PHH Arval from PHH for 1.4B USD

Acquisition Highlights
  • This is Element’s 1st transaction in the Automotive sector.
  • This is Element’s largest (disclosed) transaction.
  • This is Element’s 2nd transaction in the United States.
  • This is Element’s 1st transaction in Maryland.

M&A Deal Summary
Date 2014-07-07
Target PHH Arval
Sector Automotive
Buyer(s) Element
Sellers(s) PHH
Deal Type Divestiture
Deal Value 1.4B USD

Target

PHH Arval

Sparks, Maryland, United States
PHH Arval provides fleet management services. PHH Arval was founded in 1946 and is based in Sparks, Maryland.

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Buyer(S) 1

Buyer

Element

Toronto, Ontario, Canada
Category Company
Founded 2007
Sector Financial Services
Employees2,700
Revenue 2.6B CAD (2023)
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. Element was founded in 2007 and is based in Toronto, Canada.

DEAL STATS #
Overall 3 of 4
Sector (Automotive) 1 of 1
Type (Divestiture) 2 of 2
State (Maryland) 1 of 1
Country (United States) 2 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-09 CoActiv Capital Partners

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.

Buy $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Autofleet

Tel Aviv, Israel

Autofleet is a fleet and mobility solutions platform that streamlines and automates operations across industries, maximizing efficiency and customer experience. Autofleet is based in Tel Aviv, Israel.

Buy -

Seller(S) 1

SELLER

PHH

Mount Laurel, New Jersey, United States
Category Company
Founded 1946
Sector Financial Services
Employees3,800
Revenue 818M USD (2015)
DESCRIPTION

PHH Corp. is a provider of financial services to financial institutions, real estate companies, credit unions, corporations, and government agencies. PHH was founded in 1946 and is based in Mount Laurel, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Automotive) 1 of 1
Type (Divestiture) 1 of 1
State (Maryland) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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