Who Owns Element Company?

Element Bundle

Get Full Bundle:

	BCG	$15	$10
	5 FORCES	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns Element Fleet Management?

Understanding Element Fleet Management's ownership is key to grasping its market position and strategic decisions. The company's significant growth trajectory was notably boosted by its 2015 acquisition of GE Capital's fleet services, a deal worth around US$8.6 billion.

Element Fleet Management Corp., established in 2007 and based in Toronto, Canada, is a major player in global fleet management. It offers a wide array of services, from vehicle acquisition and financing to maintenance and remarketing, aiming to provide innovative and cost-effective solutions. The company manages approximately 1.5 million fleet vehicles as of December 31, 2024, with operations spanning North America, Australia, and New Zealand, and a global reach through alliances.

As of August 2025, Element Fleet Management boasts a market capitalization of C$14.46 billion, positioning it as the 1782nd most valuable company globally by this metric. Its services, which can be analyzed using frameworks like the Element BCG Matrix, cater to diverse fleet needs.

Element Fleet Management Corp. was incorporated on May 11, 2007, with its predecessor, Element Financial Corporation, founded in the same year. While specific details on initial equity distribution and the full roster of founders and early investors are not publicly detailed, the company's significant growth trajectory began around 2007. Its evolution has been shaped by key strategic acquisitions that expanded its operational scope and market presence.

Incorporation and Early Operations

Element Fleet Management Corp. officially began operations on May 11, 2007, following its incorporation under Ontario's Business Corporations Act. The company's predecessor, Element Financial Corporation, was also established in 2007, marking the genesis of its significant market presence.

Founding Ownership Details

Specific information regarding the initial equity split, the names and backgrounds of all original founders, and early backers or angel investors is not readily available. Details on early agreements like vesting schedules or buy-sell clauses are also not publicly disclosed.

Key Early Acquisitions

The company's early history is characterized by strategic growth through acquisitions. Notable examples include the acquisition of GE Fleet Canada in 2013 and PHH Arval in 2014, which broadened its service offerings and market reach.

Transformative GE Capital Acquisition

A pivotal moment in the company's development was the 2015 acquisition of GE Capital's fleet services businesses across the U.S., Mexico, Australia, and New Zealand. This transaction, valued at approximately US$8.6 billion, significantly integrated substantial fleet assets and operational expertise.

Market Expansion Through Mergers

These strategic mergers and acquisitions were instrumental in expanding the company's footprint and solidifying its market position. They laid the groundwork for its subsequent growth and influence in the fleet management industry.

Foundation for Market Dominance

The integration of these acquired businesses provided a robust foundation for the company's future expansion and market leadership. This period marked a significant shift in its corporate structure and operational capabilities.

The company's strategic acquisitions, particularly the substantial purchase of GE Capital's fleet services in 2015, were crucial in shaping its ownership structure and market dominance. These moves integrated significant operational capabilities and assets, influencing the overall Element Company profile and its position as a key player. Understanding these early developments is key to grasping the Mission, Vision & Core Values of Element and its subsequent corporate journey.

Element SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

Element Company's ownership structure has seen shifts reflecting its strategic direction towards a capital-lighter model. These changes are designed to enhance shareholder returns through dividends and buybacks, impacting its corporate strategy and operational focus.

Element Company, publicly traded on the Toronto Stock Exchange (TSX) under the symbol 'EFN', had a market capitalization of C$14.46 billion as of August 2025. The company's strategy emphasizes a capital-lighter business model, aiming to return a significant portion of its cash flow to shareholders. In 2024, the company returned $336 million to shareholders via dividends and buybacks. For the first quarter of 2025, a quarterly cash dividend of CAD$0.13 per common share was authorized. Significant institutional investors, including T. Rowe Price International Stock Fund and Vanguard Total International Stock Index Fund Investor Shares, are among the major Element Company stakeholders, collectively holding over 63 million shares. The company has also actively repurchased shares, acquiring 1.1 million common shares for cancellation in January and February 2025, amounting to approximately $22 million. These actions underscore a focus on optimizing fleet performance and client efficiency, as detailed in discussions on Revenue Streams & Business Model of Element.

Key Ownership Insights

Element Company's ownership is characterized by substantial institutional backing and ongoing share repurchases, reflecting a commitment to shareholder value.

• Publicly traded on TSX: EFN
• Market Cap: C$14.46 billion (August 2025)
• Significant institutional ownership
• Active share repurchase program

Element PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The Board of Directors for Element Fleet Management Corp. is structured to oversee the company's operations, with a current composition of ten directors elected annually. Kathleen Taylor serves as the Chair, and Laura Dottori-Attanasio holds the positions of Director, President, and Chief Executive Officer. The board also includes directors Virginia Addicott, Paolo Ferrari, Keith Graham, Joan Lamm-Tennant, Rubin McDougal, Tracey McVicar, Andrea Rosen, and Luis Téllez.

Element Fleet Management Corp. adheres to a majority voting policy for director elections in uncontested scenarios, requiring nominees to receive more 'for' votes than 'withheld' votes to be elected. If a nominee fails this, they must offer their resignation. In situations with contested elections, the plurality voting system is in effect. The company's foundational documents do not outline provisions for dual-class shares or grant special voting privileges to any specific individuals or entities, ensuring a more uniform voting structure among shareholders. The Annual Meeting of Shareholders on May 2, 2025, saw all ten nominated directors elected, reflecting substantial shareholder confidence, with approximately 86.53% of outstanding common shares represented in the voting process. The Board of Directors holds the ultimate authority for the administration and interpretation of these voting policies.

Understanding Voting Power at Element

Shareholder voting power is crucial for electing the Board of Directors. The company's policies ensure a clear process for director nominations and elections.

• Majority voting policy in uncontested elections.
• Plurality voting applies in contested elections.
• No dual-class shares or special voting rights.
• Board of Directors administers voting policies.
• Recent shareholder meeting confirmed director elections with strong support, as detailed in the Marketing Strategy of Element.

Element Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

In the past few years, Element has focused on strategic growth and shareholder value. Recent developments include key acquisitions and leadership changes, alongside consistent capital returns to investors.

Element's strategic direction emphasizes innovation and a capital-lighter model. The company is actively engaging clients in fleet electrification and developing new offerings like insurance and telematics, aligning with industry shifts towards sustainability.

Strategic Acquisitions for Growth

The acquisition of Autofleet Solutions in Q3 2024 is a key move to enhance digital capabilities. This aligns with the company's broader investment strategy.

Shareholder Value Enhancement

Element has demonstrated a commitment to returning capital through significant share buybacks and dividends. In 2024, $336 million was returned to shareholders.

Leadership and Financial Stability

Recent leadership transitions, including a new COO and CFO succession plan, ensure continuity. The company reported record net revenue of $1.1 billion in 2024.

Future Outlook and Innovation

Element is focused on fleet electrification and new product development. The company reaffirms its 2025 net revenue growth guidance of 6.5% to 8.5%, building on its Growth Strategy of Element.

Element Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔