The Taylor Family of St. Louis, which owns the National Car Rental and Alamo Rent A Car businesses, has purchased Phoenix-based Steward Ventures, Inc., the companies reports.
Privately held Steward Ventures was the largest single U.S. licensee of the National and Alamo brands in terms of revenue and fleet size. Financial terms of the transaction have not been disclosed.
Steward Ventures operated at four airport rental locations: Phoenix Sky Harbor Airport, Scottsdale Municipal Airport, Phoenix-Mesa-Gateway Airport and Mesa Falcon Field. In addition, it operated four other locations throughout the Phoenix metropolitan area – the third largest car rental market in the United States. The operation was founded in 1946 and has a staff of approximately 300 employees.
Steward also was the second National and Alamo licensee to be purchased by the Taylor Family this month. On Feb. 8, the Taylors acquired Eatman Leasing, a licensee which operated in Wilmington, Jacksonville, Newbern and Rocky Mount, N.C.