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Franchise Services of North America (FSNA) has announced that it received a management cease trade order from the Alberta Securities Commission as a condition for failing to file its audited financial statements.
Read More →The Federal Trade Commission (FTC) has approved an application by Franchise Services of North America Inc. (FSNA) to sell its Advantage Rent A Car business to The Catalyst Capital Group Inc.
Read More →Effective today, Franchise Services of North America Inc. has announced that its wholly-owned subsidiary Simply Wheelz LLC — which does business as Advantage Rent A Car — has determined to cease operations at 30 Advantage locations.
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The United States Bankruptcy Court for the Southern District of Mississippi has declared that Catalyst Group Inc. is the prevailing purchaser in the auction of Franchise Services of North America’s wholly-owned subsidiary, Simply Wheelz LLC (which does business as Advantage Rent A Car).
Read More →Catalyst Capital Group Inc.’s bid for bankrupt Advantage Rent A Car was approved at auction yesterday over the only other bid, from Sixt.
Read More →The U.S. Bankruptcy Court has entered an interim order to approve a $20 million line of credit facility for Advantage Rent A Car. Catalyst Capital Group has been named as Advantage's debtor-in-possession financier.
Read More →Franchise Services of North America Inc. announced that David Forseth has resigned as a director of the company.
Read More →Thomas McNeely and Michael Silverton have resigned as directors of Franchise Services of North America (FSNA).
Read More →Plamondon will lead the company's integration of Advantage into FSNA's operations.
Read More →Franchise Services of North America Inc. (FSNA), owners of the U-Save, Rent-A-Wreck Canada and Practicar brands, reported a slight drop in revenue for its second quarter and announced the opening of two new franchise locations.
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