Advantage Acquired by Private Investor Group

SAN ANTONIO --- Advantage Rent-A-Car has been acquired by ARC Venture Holding Inc., a private investor group. The acquisition includes all fleet and retail assets and trademarks of Advantage.

The deal does not include the Star Shuttle brand, which will continue to be owned and operated by Walker Resources Inc., former proprietor of the car rental company.

The purchase will result in the infusion of new capital in the company and replacement of its current rental car fleet with new vehicles within the next 60, featuring products from DaimlerChrysler and GM, and import automakers.

ARC Venture Holding has a history in the financing and leasing of vehicles and has experience in leisure, travel and automotive industries. The investor group will maintain the current Advantage headquarters in San Antonio.

Walker Resources, a real estate and ground transportation holding company in San Antonio, will have a continued stake in the financial future of Advantage. In addition, Walker Resources plans to focus on the growth of its Star Shuttle and Charter Inc. subsidiary and further expansion and development of its real estate holdings.

The company was represented in the transaction by investment banking firm of Ehrenberg-Chesler.

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

Auto Rental Summit: Five Trend Lines

Taking in the seminars, discussions, and networking at the 2016 Auto Rental Summit, trend lines emerged around shifts in model mix, data protection issues, increasing labor costs, workforce engagement, and new platforms to rent 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.

Job Finder: Access Top Talent. Fill Key Positions.