Advantage Rent A Car, a portfolio company of funds managed by the Catalyst Capital Group Inc., has completed its purchase of E-Z Rent-A-Car Group Holding, LLC.
The officers of the new combined company expound on integration plans, growth strategy and parent company Catalyst's role.
Advantage Rent A Car announced today that it has entered into a definitive agreement to purchase E-Z Rent-A-Car Group Holding LLC. The parties expect to complete the transaction in the second quarter of 2015.
Catalyst Capital Group has confirmed that it will assume 41 U.S. airport concession agreements used in the Advantage Rent A Car business from Simply Wheelz and Franchise Services of North America Inc. In addition, Avis Budget and The Hertz Corp. have been selected as bidders for 22 U.S. Advantage airport locations.
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.
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.
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).
The work for the new Advantage has just begun.
Catalyst Capital Group Inc.’s bid for bankrupt Advantage Rent A Car was approved at auction yesterday over the only other bid, from Sixt.
Two bidders are vying for the bankrupt car rental company.
media brand
The secure and easy all-access connection to your content.
Bookmarked content can then be accessed anytime on all of your logged in devices!
Already a member? Log In
