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

Car Rental’s Call to Action on Autonomous Vehicles

The car rental industry has built-in advantages to support a world with driverless cars, but it needs to take the next step in partnering with autonomous vehicle stakeholders.

Iran — a Growth Market for Car Rental?

The second largest economy in the Middle East is poised for foreign investment, if post-nuclear deal jitters can be eased.

Rentals and Terrorist Activity: Time to Hone the Plan

Terrorist activity is frequently tied to a rental vehicle. In today’s heightened risk environment and the potential for terrorism from within, local operators need to hone an action plan.

Job Finder: Access Top Talent. Fill Key Positions.