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Toronto-based Element Financial Corp. has entered an agreement with General Electric to acquire GE Capital's fleet business in the U.S., Mexico, Australia and New Zealand for $6.9 billion.
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Charter Communications and Time Warner Cable announced May 26 that they have entered into a definitive agreement for Charter to merge with Time Warner Cable.
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Toronto-based Element Financial Corp. will raise $2.5 billion Canadian ($2.05 billion) in corporate debt to fund an unidentified acquisition that must be completed by the end of the year.
Read More →Utility One Source announced a partnership with UCO Equipment (UCO), a provider of specialty equipment and services to the utility, power, and oil and gas sectors.
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Although GE Capital Fleet Services has had strong annual revenue growth and a significant product development agenda, its upcoming sale is part of a larger strategic plan by its parent company to focus on its core industrial businesses.
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Discussions about the possible sale of LeasePlan Corp. have ended after the global fleet management company's Dutch parent and a group of investors were unable to reach an agreement.
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General Electric will sell off its fleet management and automotive financing business units by 2018 under a strategic plan to focus on its core businesses and shed most of its finance and banking businesses, the company has announced.
Read More →The business will be conducted through a partnership of which Charter will own 73.7 percent and Advance/Newhouse will own 26.3 percent.
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LeasePlan Corp. is actively discussing selling the Dutch company and its U.S. fleet management division to a group of investors, LeasePlan has confirmed.
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The trucking industry continues to enjoy very strong revenue and employment growth, although a number of challenges remain, according to a GE Capital, Transportation Finance survey of middle-market trucking companies.
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