|By Marketwired .||
|October 15, 2013 01:47 PM EDT||
SASKATOON, SASKATCHEWAN -- (Marketwired) -- 10/15/13 -- Crestline Coach Ltd. ("Crestline") is pleased to announce a signed Vendor Financing Agreement with Element Financial Corporation (TSX:EFN) ("Element" or "the Company"), one of North America's leading independent equipment finance companies.
Under the terms of the multi-year Agreement, Element will work in alignment with Crestline's sales and distribution channels in Canada and the United States to provide equipment financing solutions to customers for the full line of Crestline's ambulance and bus products.
"Crestline is an industry leader in product innovation, performance and safety, meeting the unique product and business needs of a diverse customer base for over thirty eight years. Element was selected as our sales financing partner because of their substantial financial resources and demonstrated ability to address the specific needs of our customers. Element's ability to seamlessly offer our customers a customized equipment financing solution in either Canada or the United States addresses the growing need of our customers for cost effective solutions to manage all aspects of their fleets," said Steve Hoffrogge, Crestline's Chief Executive Officer.
"This preferred financing relationship gives Element the opportunity to help Crestline's North American customers acquire a best-in-class product with a financing option that takes full advantage of the durable value that is built into every one of Crestline's vehicles," said Todd Hudson, Element's Executive Vice President.
About Crestline Coach Ltd.
Founded in 1975 and headquartered in Saskatoon, Saskatchewan, Crestline has grown to become one of North America's leading ambulance and specialty vehicle manufacturers meeting the needs of customers in over 30 countries around the world, having designed and manufactured over 10,000 world class ambulances and is a proud distributor of Ferno, Stryker and Physio Control medical products. Crestline is also Canada's only nation-wide bus dealer and a leading supplier of transit, tour, shuttle and wheelchair accessible buses.
About Element Financial Corporation
With total assets of approximately $2.5 billion, Element Financial Corporation is one of North America's leading independent equipment finance companies. Element operates across North America in three verticals of the equipment finance market - Element Capital provides large ticket equipment financing, Element Finance serves the mid-ticket equipment finance market and Element Fleet provides vehicle fleet leasing and management solutions.