Business
Element Financial Corporation Signs Vendor Financing Agreement with Crestline
TORONTO , Oct. 7, 2013 /CNW/ - Element Financial Corporation (TSX:EFN) ("Element" or "the ...
About this update from Element Fleet Management Corporation
[{"type":"text","content":"\n\n\nTORONTO, Oct. 7, 2013 /CNW/ - Element Financial Corporation (TSX:EFN)\n (\"Element\" or \"the Company\"), one of North America's leading\n independent equipment finance companies, today announced that it has\n signed a Vendor Financing Agreement (the \"Agreement\") with\n Saskatoon-based Crestline Coach Ltd. (\"Crestline\") that establishes\n Element as Crestline's preferred sales financing partner across North\n America.\n\n\nUnder the terms of the multi-year Agreement, Element will work in\n alignment with Crestline's sales and distribution channels in Canada\n and the United States to provide equipment financing solutions to\n customers for the full line of Crestline's ambulance and coach bus\n products.\n\n\n\"This preferred financing relationship gives Element the opportunity to\n help Crestline's North American customers acquire a best-in-class\n product with a financing option that takes full advantage of the\n durable value that is built into every one of Crestline's vehicles,\"\n said Todd Hudson, Element's Executive Vice President.\n\n\nCrestline manufactures and distributes ambulances, speciality emergency\n vehicles and coach buses to public and private operators across North\n America. With an average transaction size ranging from $150 thousand to\n more than $5 million and over 10,000 vehicles sold, Crestline has been\n an industry leader in product innovation and flexibility in meeting the\n ever changing needs of its customer for over thirty-eight years.\n\n\n\"As a leading supplier of ambulances and coaches to the North American\n market, we selected Element as our sales financing partner because of\n their understanding of our business and the unique needs of our\n customers. Element's ability to seamlessly offer our customers a\n customized equipment financing solution in either Canada or the United\n States addresses the growing need of our customers for cost effective\n solutions to managing all aspects of their fleets,\" said Steve\n Hoffrogge, Crestline's Chief Executive Officer.\n\n\nAbout Element Financial Corporation\n\n\nWith total assets of approximately $2.5 billion, Element Financial\n Corporation is one of North America's leading independent equipment\n finance companies. Element operates across North America in three\n verticals of the equipment finance market - Element Capital provides\n la...