The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 8:04 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #55. Element Financial Corporation Bush Truck Leasing

Acquirer: Element Financial Corporation (TSE:EFN.CA)
Acquiree: Bush Truck Leasing
Details: Element Financial Corporation (TSX: EFN) ("Element") announced today that it has entered into a definitive agreement to acquire the business of Cincinnati-based Bush Truck Leasing, Inc. ("BTL") from its founder, Michael Bush. BTL's current portfolio of finance receivables with a book value of approximately US$55 million. As part of the transaction, Element also acquired the business of Bush Specialty Vehicles, Inc., ("BSV") which provides vehicle up-fitting and maintenance services to BTL and for other third-party customers. The transaction will be funded from Element's existing capital resources and is expected to be accretive to Element shareholders commencing in 2014.

Element Fleet Management is a fleet management company providing services and financing solutions for commercial vehicle fleets and equipment fleets. Co. also provides related services programs to domestic and international companies, including fuel and maintenance service cards, remarketing, maintenance management and accident services.

Open the EFN.CA Page at The Online Investor »

Company Name: 
Element Fleet Management Corp
Number of ETFs Holding EFN.CA: 
Total Market Value Held by ETFs: 

Open the EFN.CA Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes

Credit Services & Lending M&A - Slide 55 of 100 Page |

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.