Element Financial Corp. plans two purchases in 2014 totaling at least C$1 billion ($898 million) as the Canadian lessor seeks to expand its North American railcar unit and enter the U.S. for vehicle-fleet management.
One of the deals may come as soon as early next quarter, according to Chief Executive Officer Steve Hudson, who said the acquisitions would each be C$500 million or more. He said he has been looking at eight to 10 companies as possible targets.
