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Wheels

Donlen and Wheels to Merge

Athene is the lead investor in the new mega company, consolidating two of the most well-known fleet companies in the world.

Three Fleet Remarketing Trends

More SUVs, the retention of higher mileage vehicles, and new methods of remarketing are some trends fleets are observing in the wholesale market.

Blackburn’s Updates Wheel Finder Website

Blackburn’s Hubcap & Wheel Solutions, an OEM wheel distributor, has launched its updated Wheel Finder 3.0, which searches for OEM wheels as well as hubcaps and center caps.

Avis, Hertz to Take Advantage Locations

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.

FSNA Receives Cease Trade Order

After failing to file its audited annual financial statements and interim financial report, Franchise Services of America Inc. was issued a cease trade order by the Alberta Securities Commission on April 1.

FTC Approves Advantage Sale to Catalyst Group

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.

Thirty Advantage Locations to Close, Reports FSNA

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.

Court Approves Advantage Sale to Catalyst Group

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).

Update on Simply Wheelz Bankruptcy Proceedings

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.

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