Enterprise Holdings today announced that its regional subsidiary, the Enterprise Rent-A-Car Canada Co., is purchasing AutoShare CarSharing Network Inc. In 1998, AutoShare was established as Toronto’s first car-sharing organization, and today it serves more than 12,000 local members.
“This acquisition reflects our longtime commitment to offering sustainable transportation options throughout North America,” said Ryan Johnson, assistant vice president overseeing Enterprise’s CarShare, Rideshare and Zimride operations. “We are very excited and proud to become part of Toronto’s car-sharing community, which AutoShare launched and has supported for more than 15 years.”
The acquisition closes today and financial terms of the transaction will not be disclosed, says Enterprise. Continuing to operate under its current brand indefinitely, AutoShare will be owned by Enterprise Rent-A-Car Canada Co. and managed by its local Toronto division. All staff members will remain as AutoShare employees, with their benefits updated to match those offered to local Enterprise employees.
In addition to operating the Enterprise, Alamo and National brands, Enterprise Holdings also offers Enterprise CarShare — with a suite of products and policies specifically geared to car-sharing — and Enterprise Rideshare, a carpooling and vanpooling program for commuters. It also operates Zimride by Enterprise, an online ride-matching program, says the company.
AutoShare will be served by Enterprise CarShare, a natural extension of the Enterprise Rent-A-Car network, says the company. Enterprise already operates 542 car rental branch offices in Canada, with more than 130 offices in the greater Toronto area.
Today, Enterprise CarShare is available on more than 75 university campuses, 40 government and business campuses and in nearly 20 major markets, including New York, Boston, Washington, D.C., Philadelphia and Chicago, says Enterprise.