GE Capital completes C$570 million sale of its Canadian fleet portfolio to Element Financial
Date Closed
June 28, 2013
Lead Office
Toronto
Value
570.00 Million CAD
On June 28, 2013, Element Financial Corporation (Element) Element acquired GE Capital’s Canadian fleet portfolio for C$570 million. 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.
GE Capital, headquartered in Norwalk, Connecticut, is the financial services unit of General Electric.
Element, headquartered in Toronto, Ontario, is an independent equipment finance company.
McCarthy Tétrault LLP represented GE Capital, the acquiror, with a team led by Robert Hansen.
