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October 7 , 2013

Crestline establishes financing agreement with Element Financial

TORONTO--Saskatoon-based Crestline Coach Ltd. has secured financing with Element Financial that establishes Element as Crestline's preferred sales financing partner across North America.

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 coach bus products.

"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.

Crestline manufactures and distributes ambulances, speciality emergency vehicles and coach buses to public and private operators across North America. With an average transaction size ranging from $150 thousand to more than $5 million and over 10,000 vehicles sold, Crestline has been an industry leader in product innovation and flexibility in meeting the ever changing needs of its customer for over thirty-eight years.

"As a leading supplier of ambulances and coaches to the North American market, we selected Element as our sales financing partner because of their understanding of our business and the unique 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 managing all aspects of their fleets," said Steve Hoffrogge, Crestline's Chief Executive Officer.

 

 

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