Denny Hecker Acquires Significant Position in Dollar Thrifty

According to Dollar Thrifty Automotive Group, Inc. a SEC 13D was filed by Minneapolis entrepreneur Denny Hecker for the purchase of 1,075,129 shares, which represents just over 5 percent, of the outstanding common stock of Dollar Thrifty Automotive Group, Inc.

Industry insiders speculate that Hecker may be positioning himself for a strategic play involving DTG and Hecker's wholly owned Advantage Rent-a-Car which has seen extraordinary growth over the last twelve months.

“The industry is poised for growth and Dollar Thrifty Automotive Group looks like an undervalued asset at this time,” Hecker said in a statement to Auto Rental News.

When asked about his future plans Hecker had no comment.

Denny Hecker’s global holdings had more than two billion in revenue in 2007. Hecker owns and operates several businesses in the automotive industry including competitor Advantage Rent A Car and has been involved in several successful past partnerships with rental industry giants.

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

Auto Manufacturers: Mobility Disruptors or Fleet Providers?

Maven’s Alex Keros shares insights into evolving smart mobility business models and new opportunities with fleet management.

What is Your Time Worth?

Personal observations of retail and travel transactions reveal just how much a consumer’s time is worth today, and how increasingly intolerant we are of inefficient transactions.

Safeguarding Your Business with Brokers

While the high-profile bankruptcy of Atlas Choice has left many car rental companies wary of working with brokers, rental companies can take steps to protect themselves and ensure a productive relationship.

Job Finder: Access Top Talent. Fill Key Positions.

>