Hertz - M&A Summary and Business Overview

Consumer ServicesCompany

Hertz M&A Summary

Hertz has acquired 3 companies. It has also divested 4 assets.

Hertz’s largest acquisition to date was in 2010, when it acquired Dollar Thrifty Automotive Group for $2.6B. It’s largest disclosed sale occurred in 2020, when it sold Donlen to Athene Holding for $875M. Hertz has acquired in 3 different US states. The Company’s most targeted sectors include business services (67%) and consumer services (34%).

Hertz Business Overview

Where is Hertz headquartered?

Hertz is headquartered in Estero, Florida.

What is Hertz’s revenue?

Hertz disclosed revenue of 9,371M USD for 2023 and 8,685M USD for 2022.

How many employees does Hertz have?

Hertz has 27,000 employees.

What sector is Hertz in?

Hertz is a consumer services company.

When was Hertz founded?

Hertz was founded in 1918.

M&A Summary

  • M&A Total Activity7
    • M&A Buy Activity3
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 9

Hertz

Hertz Global Holdings, Inc.

8501 Williams Road,
Estero, Florida 33928
United States,
(239) 301-7000
www.hertz.com

Hertz operates car rental businesses through the Hertz, Dollar, Thrifty and Firefly brands. Hertz Global operates through corporate and franchisee locations and services the North American, European, Latin and South American, Asian, Australian, African, and Middle Eastern markets. In addition to its car rental business, Hertz provides fleet leasing and management services through its Donlen subsidiary. Hertz was originally established in 1918 and is based in Estero, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $3.6B $3.6B
Sell (0.2/yr) # 3 1 - - - - 4
vol $875M $875M
  7

Most Recent M&A

Company Date Value Type
Donlen Corp. 2020-11-25 875M USD Trade Sale
Bannockburn, Illinois · www.donlen.com
Herc Holdings, Inc. 2016-06-06 - Spin Off
Bonita Springs, Florida · www.hercrentals.com
Advantage Rent A Car 2013-11-05 - Bankruptcy
Ridgeland, Mississippi · www.advantage.com
Hertz AG 2012-10-03 - Divestiture
Basel, Switzerland · www.hertz.ch
Donlen Corp. 2011-07-17 947M USD Add-on Acquisition
Bannockburn, Illinois · www.donlen.com
Dollar Thrifty Automotive Group, Inc. 2010-04-26 2.6B USD Add-on Acquisition
Tulsa, Oklahoma · www.dollar.com
Advantage Rent A Car 2009-03-31 33M USD Special Situations/Distressed
Ridgeland, Mississippi · www.advantage.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Business Services 2 (67%) 980M (27%) 3 (75%) 875M (100%)
Consumer Services 1 (33%) 2.6B (73%) 1 (25%) -
Total 3 $3.6B 4 $875M

By Geo

State/Country Buy Value Sell Value
United States 3 3.6B 3 875M
  Mississippi 1 33M 1 -
  Illinois 1 947M 1 875M
  Oklahoma 1 2.6B - -
  Florida - - 1 -
Switzerland - - 1 -
Domestic 3 (100%) 3.6B (100%) 3 (75%) 875M (100%)
Cross-border - - 1 (25%) -
Total 3 $3.6B 4 $875M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 2
Moelis & Co.
 1
BofA Securities
 1
Legal Deals
Jones Day
 1
Jenner & Block
 1
White & Case
 1

Deal Values

buy # Total
> $1B 1 $2.6B
$100M to $1B 1 $947M
< $100M 1 $33M
TOTAL $3.6B
Largest Dollar Thrifty Automotive Group, Inc.
$2.6B (2010-04-26)
sell # Total
$100M to $1B 1 $875M
TOTAL $875M
Largest Donlen Corp.
$875M (2020-11-25)

M&A Connections

Deals
Divested to
Strategic(s)
50%
2 (50%)

Company Summary

SECTOR

Consumer Services

Revenue

9,371   8% 2023
8,685   19% 2022
7,336   40% 2021
5,258   47% 2020
9,779   3% 2019
9,504   8% 2018
8,803   0% 2017
8,803   17% 2016
10,535   5% 2015
11,046   3% 2014
10,775   20% 2013
9,013   2012
(millions of USD) Show More Show Less

Employees

27,000

Established

1918

Public

NASDAQ: HTZ

 Subscribe to unlock this and 208,055
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 201K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Hertz

Florida Companies , Consumer Services Companies , United States Companies , Florida Consumer Services Companies , Florida Consumer Services with Acquisitions , Florida Consumer Services with Divestitures

Related Lists for Florida Companies

Largest Florida Companies , Acquisitive Florida Companies , Recently Acquired Florida Companies , Recently Sold Florida Companies , Private Florida Companies , Public Florida Companies , Acquired Florida Companies , PE Backed Florida Companies

Related Lists for Consumer Services Companies

Largest Consumer Services Companies , Acquisitive Consumer Services Companies , Recently Acquired Consumer Services Companies , Recently Sold Consumer Services Companies , Private Consumer Services Companies , Public Consumer Services Companies , Acquired Consumer Services Companies , PE Backed Consumer Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal