PHH Arval acquires select assets of The Center for Transportation Safety, LLC

Sparks, Maryland – July 21, 2010 – PHH Arval announced today that it has acquired select assets of the Center for Transportation Safety, LLC, including the company’s brand. The Center for Transportation Safety, LLC, is a leading provider of fleet risk management and training solutions, focusing on simulator, classroom, behind-the-wheel and mobile training programs for drivers of all classes of vehicles in the United States and Canada.

PHH Arval will now market its newly acquired risk management and training products and solutions under the PHH Center for Transportation Safety (CTS) brand, and CTS will operate as a separate division within PHH Arval.

According to George Kilroy, president and CEO of PHH Arval, “This new in-house capability, made possible by the acquisition of the Center for Transportation Safety, LLC’s assets and brand, is another step in PHH Arval’s commitment to investing in the products, services, technology and capabilities that benefit our clients. We see this as a great opportunity to enhance our fleet risk and safety offerings, an area of prime importance to our clients. We will combine CTS’ safety training expertise with our existing portfolio of risk and safety services to help our clients reduce their vehicle accident rates and costs and keep their fleet drivers safer.”

Jay Shelly, former president and owner of the Center for Transportation Safety, LLC, has been hired by PHH Arval to help lead the newly created division. “I am excited to be part of PHH Arval, the premier fleet management company in North America. We can offer clients the full range of risk, safety and accident management programs, in addition to delivering our expertise and proven success in driver training.”

This acquisition follows a recent announcement about PHH Arval’s strategic partnership with a safety firm focused on comprehensive, web-based driver training. These additions are designed to strengthen PHH Arval’s leadership position in providing comprehensive programs to identify risk, provide targeted training, and manage vehicle crashes.

PHH’s Center for Transportation Safety will provide driver safety capabilities that cover vehicles of all sizes, including cars and light trucks, police and rescue vehicles, delivery vehicles, straight trucks, tractor-trailers, specialty tractor-trailers, and forklifts. The simulator, classroom, behind-the-wheel and mobile training programs can be accomplished at the client’s site or a field location. PHH’s Center for Transportation Safety also provides training for new hires and employees who have been assigned company vehicles for the first time. And it expects to achieve positive results for clients in recruiting and training drivers to receive their Commercial Drivers Licenses (CDLs).