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CEI Group, Element Discuss Merger

Element Fleet Management Corp. purchased fleet safety and accident management provider The CEI Group on Dec. 30, 2016, for an undisclosed amount. The CEI Group and Element Fleet Management North America will continue to operate as separate entities. Each reports up to Element Fleet Management Corp., the parent company located in Toronto, according to Element Fleet Management International President & CEO Jim Halliday and CEI President & CEO Wayne Smolda.

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Smolda and CEI’s management team will remain with the company. Smolda will report to Halliday who reports to Brad Nullmeyer, CEO of the Element Fleet Management Corp. Once these businesses are combined, CEI will serve nearly 900,000 vehicles, provide safety services for more than 250,000 drivers through DriverCare, and handle more than 250,000 claims per year.

Read full article on Automotive Fleet.

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