DTG to Acquire L.A., San Diego Thrifty Franchises

TULSA, Okla. -- Dollar Thrifty Automotive Group Inc. has reached an agreement to acquire the Thrifty Car Rental franchise operations in Los Angeles and San Diego. The sales are due to close Nov. 1.

The Thrifty Los Angeles operation is located in-terminal at Los Angeles International Airport, one of the busiest airports in the world. The Thrifty San Diego location services San Diego International Airport.

The two acquisitions add approximately 3,300 vehicles, on an annualized basis, to the company's corporate rental fleet. The terms of the transactions were not disclosed.

"With the acquisition of the Los Angeles and San Diego franchises, the company now operates both the Dollar and Thrifty brands corporately in the top California airports," said Jay Foley, senior executive vice president of corporate operations. "The added presence in Southern California, along with existing significant operations in Hawaii, Florida, Las Vegas and Phoenix, accents the strong leisure coverage for Dollar Thrifty."

Since announcing its corporate growth strategy to acquire locations in the top 75 U.S. airports from existing franchisees, DTG has acquired 35 key U.S. and Canadian markets. The company has also opened eight new Dollar or Thrifty locations, adding approximately 26,000 vehicles, on an annualized basis, to the company's rental fleet.

Comment On This Story

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

Why Do We Visit Capitol Hill?

Members of the American Car Rental Association met with U.S. senators, representatives, and their aides last week. Here’s why bringing the message to this forum matters.

The Customer Isn’t Always Right

Not caving to a customer with a blatant agenda may have consequences, especially for a small rental company that relies on stellar Yelp ratings to advertise. But business integrity must prevail.

The Truth Behind Compact Van Depreciation

Why are large van values holding up better than their compact counterparts, and will it last?

Job Finder: Access Top Talent. Fill Key Positions.