There was a seismic shift in the fleet leasing landscape this week with Element Financial Corporation’s announcement that it was buying GE Capital Fleet Services’ US, Mexico, Australia, and New Zealand operations for $6.9 billion. Further, Element’s European partner, Arval, is poised to buy GE Capital’s European fleet operations.
Mike Sheldrick has penned an article: Element CEO: ‘Growth at Element is Not Over!’ to shed some light on this landmark deal that will give Element some 40% market share of the U.S. fleet leasing industry.
Also this week, we feature an interview with Jeff Schlesinger, Managing Director, Global, for GE Fleet Services. In ‘A Global Perspective: Q&A with GE Capital’s Jeff Schlesinger.’ An expert in this arena, Jeff gives us his thoughts on what fleets are seeking from a global fleet provider.
Be sure and check in with FleetManagementWeekly.com for daily updates.
Have a sparkling and safe Fourth of July holiday!
Janice Sutton
Executive Editor
