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Slide #74. Element Financial Corporation — Nexcap Finance Corporation
Element Financial Corporation (TSE:EFN.CA)
Nexcap Finance Corporation
Element Financial Corporation, Canada's leading independent equipment finance company, today announced that it has completed the previously announced acquisition of 100% of the shares of Nexcap Finance Corporation ("Nexcap") for approximately $20 million plus and assumption of $75 million debt financing.
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.
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