Client Work

Element Acquires Car IQ

January 10, 2026
Authors
Curtis A. CusinatoVice Chair and Partner
Andrew BozzatoPartner
Oscar Crawford-RitchieAssociate

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).

Read the transaction press release.

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For informational purposes only

This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors.

Authors

Curtis A. Cusinato, Vice Chair and Partner  •   Co-Head of Mergers & Acquisitions Practice
Toronto  •   416.777.5774  •   cusinatoc@bennettjones.com
Andrew Bozzato, Partner
Toronto  •   416.777.4878  •   bozzatoa@bennettjones.com
Oscar Crawford-Ritchie, Associate
Toronto  •   416.777.7822  •   crawfordritchieo@bennettjones.com