Who Owns Element Company?

Element Bundle

Get Full Bundle:

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

TOTAL:

ADD TO CART

Who owns Element Company?

Understanding Element Fleet Management Corp.'s ownership is key to grasping its strategic direction and market influence. A significant event was the 2015 acquisition of General Electric's vehicle fleet services business for about US$8.6 billion, which greatly altered its ownership structure and market standing.

As the world's largest publicly traded, pure-play automotive fleet manager, Element manages around 1.5 million vehicles. Its market capitalization was approximately CAD 14.71 billion as of August 22, 2025, highlighting its substantial presence in the industry.

Who owns Element Company?

The ownership structure of Element Company is not defined by traditional founders and early equity stakes. Instead, its current form emerged from significant corporate restructuring and strategic acquisitions.

Corporate Restructuring

Element Company's ownership evolved through corporate finance strategies, not individual founder investments.

Strategic Acquisitions

Major acquisitions, like the US$8.6 billion deal for GE's fleet services, were pivotal in shaping who owns Element.

Shareholder Distribution

Following a 2016 separation, Element Financial Corporation's shareholders became the initial owners of the newly formed Element Fleet Management Corp.

No Traditional Founders

The company's history means there are no individual founders with initial equity stakes in the conventional sense.

Publicly Traded Entity

Element Company is a publicly traded entity, meaning ownership is distributed among its shareholders.

Asset Integration

Early ownership was intrinsically linked to the integration of large-scale fleet assets and operational expertise.

The early ownership of Element Company was primarily determined by the shareholders of Element Financial Corporation. This structure was a direct result of the strategic separation in October 2016, which divided Element Financial Corporation into two distinct public entities. Element Fleet Management Corp. emerged to focus on fleet management, while ECN Capital Corp. took on commercial finance, rail finance, and aviation finance. This corporate action meant that existing Element Financial Corporation shareholders received equity in both new companies, thereby establishing the initial ownership base for Element Fleet Management Corp. rather than through individual founder equity. The company's history is marked by significant transactions, including the 2015 acquisition of General Electric's vehicle fleet services businesses for US$8.6 billion, which was a key step in consolidating its market position and influencing its ownership structure. Understanding Revenue Streams & Business Model of Element provides further context on the company's operational foundation.

Key Ownership Milestones

The journey to current Element Company ownership involved significant corporate maneuvers and asset consolidation.

• The 2015 acquisition of GE's fleet services was a major step in consolidating ownership.
• The 2016 separation of Element Financial Corporation created the current structure.
• Shareholders of Element Financial Corporation became the initial stakeholders of Element Fleet Management Corp.
• The company's ownership is not tied to a single founder or a small group of early investors in the traditional sense.

Element SWOT Analysis

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

GET TEMPLATE ➔

Element Fleet Management Corp. became a standalone public entity on the Toronto Stock Exchange (TSX:EFN) in October 2016. This separation marked a significant shift in its ownership structure, moving from its previous affiliation to operate independently. The company's market capitalization as of August 22, 2025, stands at approximately CAD 14.71 billion, reflecting its valuation in the public market.

Institutional investors are the primary stakeholders in Element Fleet Management Corp., holding a substantial 46.9% of the company's shares as of March 30, 2025. This significant stake, totaling 188,297,064 shares, is distributed among various prominent financial institutions. The general public holds the remaining 52.9%, representing 212,680,050 shares. This ownership distribution indicates a strong presence of professional investment firms in the company's shareholder base. The list of major institutional shareholders includes T. Rowe Price Group, Inc., The Vanguard Group, Inc., RBC Global Asset Management Inc., CIBC Asset Management Inc., BMO Asset Management Corp., BlackRock, Inc., EdgePoint Investment Group Inc., and TD Asset Management, Inc. Additionally, other significant institutional investors such as Cardinal Capital Management, Inc., Mawer Investment Management Ltd., Tetrem Capital Management Ltd., ATB Investment Management Inc., and Connor, Clark & Lunn Investment Management Ltd. also hold considerable stakes. These holdings underscore the confidence these institutions place in Element Company's market position and future prospects.

Element Company's Investor Focus

The increasing institutional ownership reflects Element Company's strategic direction. The company prioritizes returning value to shareholders through dividends and share buybacks.

• Scalable operating platform driving earnings growth
• Evolving capital-lighter business model
• Enhanced return on equity profile
• Focus on resilient cash flow generation
• Consistent shareholder returns

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 governance of Element Fleet Management Corp. is overseen by its Board of Directors, which as of May 2, 2025, comprises ten members. Kathleen Taylor serves as the Chair, with Virginia Addicott, Laura Dottori-Attanasio (also Director, President and Chief Executive Officer), Paolo Ferrari, G. Keith Graham, Joan Lamm-Tennant, Rubin McDougal, Tracey McVicar, Andrea Rosen, and Luis Téllez as directors. The recent Annual General Meeting of Shareholders on May 2, 2025, saw the election of Paolo Ferrari and Tracey McVicar to the Board.

Element Fleet Management Corp. adheres to a 'Majority Voting Policy for Director Elections,' established on March 3, 2021. This policy mandates that in uncontested director elections, any nominee receiving more 'withheld' votes than 'for' votes must submit their resignation to the Chairman. Contested elections follow a plurality voting system. This framework aims to ensure accountability to shareholders. At the May 2, 2025, Annual General Meeting, all ten director nominees achieved strong shareholder backing, with 'for' votes ranging from 93.05% to 99.99% of votes cast, reflecting significant shareholder confidence.

Element Company Shareholder Confidence

Shareholder confidence in Element Company's leadership is evident in recent voting results. The company operates under a standard one-share-one-vote system, with a majority voting policy for director elections.

• 86.53% of outstanding common shares were represented at the 2025 Annual General Meeting.
• Director nominees received 'for' votes between 93.05% and 99.99%.
• The majority voting policy enhances director accountability.
• The average tenure of the Board is 3.5 years, indicating experienced leadership.

There is no evidence of structures like dual-class shares, golden shares, or founder shares that would concentrate voting power disproportionately among specific individuals or entities within Element Fleet Management Corp.'s current public offering. The voting outcomes from the 2025 Annual General Meeting, where approximately 86.53% of outstanding common shares were represented, suggest a conventional one-share-one-vote mechanism governs director elections. This is further reinforced by the majority voting policy designed to address shareholder dissent. Understanding these aspects is crucial for grasping Element Company ownership and the broader Element Company stakeholders. The company's approach to corporate governance aligns with best practices for publicly traded entities, ensuring that the management team and owners are aligned with shareholder interests. For insights into strategic direction, one might explore the Growth 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 ➔

Over the past three to five years, Element Fleet Management Corp. has undergone significant shifts in its leadership and ownership trends. These changes reflect a strategic focus on returning capital to shareholders and adapting to evolving industry demands, particularly in areas like electric and connected vehicle solutions.

Element Fleet Management Corp. has demonstrated a strong commitment to shareholder returns through its share buyback programs. Between April 1 and June 30, 2025, the company repurchased 951,000 shares, equating to 0.24% of its outstanding shares, for CAD 28.47 million. This action completed a repurchase plan initiated in November 2024, under which a total of 3,129,000 shares (0.77%) were bought back for CAD 90.65 million. In the first quarter of 2025 alone, Element repurchased 2.2 million common shares for approximately $40 million, following an earlier purchase of 1.1 million shares for approximately $22 million in January and February 2025. Cumulatively, Element returned $336 million to shareholders in 2024 via dividends, buybacks, and preferred share redemptions. The company renewed its Normal Course Issuer Bid (NCIB) from November 20, 2024, to November 19, 2025, with authorization to purchase up to 40,386,699 common shares, signaling an intent for more active repurchases in 2025. These buybacks are a key aspect of Element Company ownership trends, indicating management's confidence in the company's valuation and its strategy to enhance shareholder value.

Strategic Acquisition and Industry Alignment

Element is pursuing strategic growth through acquisitions, notably agreeing to acquire Autofleet Ltd. This move aligns with industry-wide trends of increasing institutional ownership and a focus on innovative solutions for electric and connected vehicles.

Analyst Sentiment and Market Outlook

As of August 13, 2025, analysts maintain a 'Moderate Buy' consensus rating for Element Fleet Management Corp. The consensus target price is C$40.00, reflecting positive market sentiment regarding the company's performance and future prospects.

Shareholder Value Enhancement

Element's active share repurchase program, including the NCIB, demonstrates a commitment to returning capital to shareholders. This strategy aims to boost earnings per share and reflects confidence in the company's intrinsic value, impacting Element Company stock ownership.

Leadership Evolution and Governance

The recent appointments of a new CEO, CFO, and other key executives highlight a dynamic leadership evolution. This ensures the company is well-positioned to navigate future challenges and opportunities, contributing to robust Element Company corporate governance.

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 ➔