Green Motion Car Rental of the United Kingdom announced today that it has closed its acquisition of U-Save Car & Truck Rental, a neighborhood and airport auto franchise serving customers across America.
According to the statement, the acquisition creates growth by combining complementary brands, networks, service offerings, a talented workforce, as well as the expertise of both companies. It will allow a broader offering of services at additional locations focused on enhanced green mobility. Additionally, the combined organizations bring together the synergies of two family-owned and privately held companies with a reputation for delivering positive franchise services.
"We are excited by the long-term opportunities for diversification and innovation this acquisition brings," said Richard Lowden, founder and CEO of Green Motion. "With a broader fleet of vehicles of all sizes and an expanded portfolio of services, this acquisition ties in with our global vision to enhance our ability to meet the unique mobility needs of our customers and continue to provide a world-class franchise system to our highly-valued partners."
“The acquisition is a powerful strategy to expand U-Save’s brand position in a growing industry and provides important capabilities to our franchisees and customers,” added Tom McDonnell, former CEO of U-Save Car & Truck Rental. “We are very pleased this historic transaction was completed; the next step is executing a seamless transition.”
The acquisition makes Green Motion the world's largest auto rental dedicated franchised organization, with over 650 locations operating in 60 countries. The global franchise organization will stay true to a franchise model where every location is owned and operated by skilled business professionals dedicated to remaining at the forefront of their business, delivering a unique and personal customer experience.
A few locations in the U.S. are already co-branded.