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Element Fleet Management will operate company’s fleet management operations, while Element Commercial Asset Management will include the company’s commercial and vendor financing business

OAKVILLE, Ont. – Tim Hortons has a new partner that will help expand the Canadian restaurant brand in the state of Indiana.
The Ontario-based chain says Luke Family of Brands will become its exclusive representative in the cities of Indianapolis and Lafayette.
Tim Hortons says that Indiana is a prime growth opportunity given its presence in the neighbouring state of Ohio, where it has similar agreements in Cincinnati and Columbus.
The Luke Family agreement was announced as the parent of Tim Hortons and Burger King announced its financial results for the quarter and 12 months ended Dec. 31 — the first full year since the two restaurant companies have been together.
For the full year, Restaurant Brands International (TSX:QSP) had US$4 billion of total revenue, including about US$1 billion in the fourth quarter.
Net income was $103.9 million, including $51.7 million or 25 cents per share in the three months ended Dec. 31.
RBI’s adjusted net income — another measure of earnings that excludes certain items — was $561…

NEW YORK, N.Y. – Home security services company ADT has agreed to be purchased by affiliates of Apollo Global Management for about $6.94 billion.
ADT Corp.’s stock surged more than 50 per cent in Tuesday premarket trading.
ADT shareholders will receive $42 per share. That’s a 56 per cent increase from Friday’s closing price of $26.87.
The companies said that ADT will be merged with a subsidiary of Prime Security Services Borrower LLC, which is also owned by Apollo.
The combined business will operate primarily under the ADT brand and be based in Boca Raton, Florida.
ADT has a 40-day period in which it can actively seek out alternative proposals.
ADT’s board has approved the acquisition, which is targeted to close by June. It still needs ADT shareholder approval.
The post ADT being purchased by Apollo Global for $6.94 billion appeared first on Canadian Business – Your Source For Business News.

OAKVILLE, Ont. – Restaurant Brands International reported a fourth-quarter profit that beat expectations, as a key sales figure rose at Burger King and Tim Hortons.
Sales at established Burger King locations globally rose 3.9 per cent in the period, the company reported Tuesday, while the figure rose 6.3 per cent at established Tim Hortons locations.
For the U.S. and Canada, RBC Capital Markets analyst David Palmer said the sales growth of 2.8 per cent at established location was below the 5.7 per cent growth for McDonald’s and 4.8 per cent growth for Wendy’s in the period. But he said he was “intrigued” by Burger King’s recent announcement that it would add hot dogs to its U.S. menu.
The company said it earned $119.2 million, or 25 cents per share. Excluding one-time items, it earned 35 cents per share. That was more than the 31 cents per share analysts expected, according to Zacks Investment Research.
The Oakville, Ontario-based company said total revenue of $1…

Hold your mortgage inside your RRSP and pay yourself interest, and other handy tips