Enterprise Acquires vRide Vanpooling Service

Enterprise Holdings has acquired vRide, a vanpooling company. Photo courtesy of Enterprise Holdings.
Enterprise Holdings has acquired vRide, a vanpooling company. Photo courtesy of Enterprise Holdings.

Enterprise Holdings has acquired vRide, a vanpooling company that has been serving U.S. commuters for almost 40 years.

Enterprise Holdings purchased vRide from TPG Growth; financial terms of the transaction were not disclosed, according to the company.

“Local transportation infrastructure and urban mobility options have become much more complex, diverse, and competitive in the current marketplace,” said Ryan Johnson, vice president of Enterprise CarShare, Rideshare, and Zimride. “As a result, we look forward to combining our complementary assets and further advancing vRide’s expertise, ride-sharing platform, and brand recognition, all of which will benefit American commuters and consumers for the long term.”

Ann Fandozzi, chairman of vRide, agrees that Enterprise and vRide not only share common values, but they also share a core commitment to accessible, reliable, and transparent transportation options.

“Partnering with Enterprise offers vRide an opportunity to develop and expand vanpooling and ride-sharing in ways that can make a significant difference to consumers,” said Fandozzi.

“This strategic acquisition also provides the vRide staff additional opportunities within their current roles and even within Enterprise down the road,” said Johnson, “which is very exciting for them as we move forward with this transition.”

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

Understanding The Fleetification of Everything

As fleet miles increase exponentially, and as new stratum of fleet enter both consumer and business use cases, the "founding fathers" who gathered at Fleet Forward in Miami last week have some work to do.

The Problem with Valuing Safety Technology

As advanced safety technologies have migrated to mainstream vehicles, retaining value for these options at resale remains an issue.

ELD Mandate: Is Your Head Still in the Sand?

If you think you have 11 weeks to implement an Electronic Logging Device system to meet the Dec. 18 compliance deadline, you really don’t — for a few reasons.

Job Finder: Access Top Talent. Fill Key Positions.

>