Element Fleet Management Corp (EFMC), formerly Element Financial Corporation, is a fleet management services provider. The company offers a comprehensive range of fleet services. It provides an end-to-end suite of fleet management services that cover the whole lifecycle, which ranges from acquisition and financing to program management and vehicle remarketing. EFMC offers cars and light-duty vehicles, medium and heavy-duty trucks, and material handling equipment such as scissor lifts, order pickers, forklifts, pallet jacks, sweepers, and scrubbers, among others. The company technology system, Xcelerate provides inventory management, transaction management, ordering, reporting, and analytics. It also offers fleet financing, fleet cost management, fleet risk management, and fleet maintenance solutions. Element Fleet Management Corp has headquartered in Toronto, Canada.
Headquarters
Canada
Address
161 Bay Street, Suite 3600, Toronto, Ontario, M5J2S1
Website
www.elementfleet.com
Telephone
1 416 3861067
No of Employees
2,700
Industry
Transport and Logistics
Ticker Symbol & Exchange
EFN (TSE)
Revenue (2023)
$1.8B
EPS
XYZ
Market Cap*
$6.1B
Net Profit Margin (2023)
XYZ
-14.0%
* As of and is in US$
Element Fleet Management Corp premium industry data and analytics
Products and Services
| Services |
|---|
| Fleet Manangement |
| Fleet Services |
| Inventory Management |
| XYZ |
| XYZ |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In June, the company along with Arval and Sumitomo Mitsui Auto Service signed cooperation agreement to facilitate enhanced access for global clients to full-service lease and fleet management services in the markets of Japan, Thailand, India and Indonesia through SMAS. |
| 2022 | New Products/Services | In February, the company launched Arc by Element, an end-to-end electric vehicle fleet offering. |
| 2021 | New Products/Services | In November, the company launched Element Connectivity Solutions. |
Competitor Comparison
| Key Parameters | Element Fleet Management Corp | EQB Inc | Home Capital Group Inc | BBL Fleet | Donlen Fleet Leasing Ltd |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | United States of America | Canada |
| City | Toronto | Toronto | Toronto | - | - |
| State/Province | Ontario | Ontario | Ontario | - | - |
| No. of Employees | 2,700 | 1,808 | 826 | - | - |
| Entity Type | Public | Public | Private | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Denison | Chairman | Executive Board | - | - |
| Laura Dottori-Attanasio | Chief Executive Officer; President | Senior Management | 2023 | - |
| Frank Ruperto | Chief Financial Officer; Executive Vice President | Senior Management | 2021 | - |
| Jim Halliday | Chief Operating Officer; Executive Vice President | Senior Management | - | - |
| Jacqui McGillivray | Chief People and Social Impact Officer; Executive Vice President | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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