Element Fleet Management Corp. Surveillance Report
Company Profile
Based in Toronto, Element Fleet Management Corp. (TSX: “EFN”, “Element” or “the company”) is the largest publicly traded, pure-play automotive fleet manager globally and a leading provider of intelligent fleet and mobility solutions. As of June 30, 2026, Element had approximately $13.4 billion of total assets, $14.8 billion of assets under management (AUM), and more than 1.5 million vehicles under management (VUM). Element’s core operations are concentrated in the U.S., Canada, Mexico, and Australia & New Zealand, with broader global reach through the Element-Arval Global Alliance, which extends to approximately 54 countries.
As of 1H26, the U.S. and Canada represented approximately 73% of AUM, followed by Mexico at 18% and Australia & New Zealand at 9%, reflecting Element’s continued concentration in North America while maintaining meaningful geographic diversification.
Key Credit Considerations
The rating reflects Element’s…
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