Hertz Completes Donlen Acquisition

Donlen Corporation, a provider of fleet leasing and management services, has officially been acquired by Hertz Global Holdings Inc., according to a Sept. 1 press release.

Donlen was purchased for $177 million by Hertz, which also assumed $770 million of Donlen fleet debt. The price is lower than the initially announced purchase price of $250 million. Initial assumption of fleet debt was reported to be $680 million.

The acquisition puts Hertz further along in trying to become “the most flexible transportation programs for corporate and general consumers,” the release states. The buy-out “is consistent with the evolution of Hertz’s asset-light, technology-focused business model,” says Hertz Chairman and CEO Mark P. Frissora.

Donlen has more than 144,000 vehicles under lease and management in the United States, Canada and Mexico, and in 2010 the company generated revenues of about $350 million.

Click here for an earlier article on Hertz’s acquisition of Donlen Corporation.

Comment On This Story

Name:  
Email:  
Comment: (Max. 10000 characters)  
Please leave blank:
* Please note that every comment is moderated.

 
 

Newsletter: Sign up to receive latest news, articles, and much more.

Read the latest

Auto Focus Blog: A blog covering fleets, auto rental and the business of cars

What a Connected Fleet Means to Avis (and Car Rental)

Counter bypass is just the beginning. The promise of a “data-driven ecosystem” that connects renters with the rental agency, retail services, and even the city is a better managed fleet, an improved user experience, and new revenue opportunities during the rental itself.

Should Peer-to-Peer Renters Pay Airport Car Rental Fees?

The question is central to the City of San Francisco’s lawsuit against Turo for operating without a permit at San Francisco International Airport.

Hard Times Ahead for the Compact SUV Segment?

The hottest segment today is facing a glut of models and volume in tomorrow’s wholesale market.

Job Finder: Access Top Talent. Fill Key Positions.

>