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Updated: FSNA Details Potential Advantage Acquisition

Franchise Services of North America and its partner Macquarie Capital have signed a purchase agreement with the Hertz Corp. to acquire Advantage Rent-A-Car once certain divested assets from Dollar Thrifty meet regulatory requirements.

FSNA Quarterly Revenue Dips

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.

FSNA Narrows Q3 Loss

Franchise Services North America, parent company of U-Save Car and Truck Rental, reported revenue and net loss of $3.9 million and $22,775 for its third quarter period that ended June 30, 2011, as compared to revenue of $4 million and a net loss of $191,839 for the same period in 2010.