Bennett Jones is representing Element Fleet Management Corp., the largest publicly traded, pure-play automotive fleet manager in the world, in its acquisition of Car IQ, a San Francisco–based technology company and pioneer in connected vehicle payments.
The acquisition brings to market the first vehicle-initiated payments technology embedded directly into a full-suite fleet management ecosystem. It also enables Element to offer clients access to its full suite of connected mobility, data, and fleet management solutions, integrated with digital payments capabilities. Car IQ will operate as a subsidiary of Element Mobility and immediately expand Element’s digital payments roadmap across the United States and Canada.
The Bennett Jones team is led by Curtis Cusinato, Andrew Bozzato and Oscar Crawford-Ritchie (Mergers & Acquisitions).
