M&A Deal Summary

Hertz Acquires Donlen

On July 17, 2011, Hertz acquired business services company Donlen for 947M USD

Acquisition Highlights
  • This is Hertz’s 2nd transaction in the Business Services sector.
  • This is Hertz’s 2nd largest (disclosed) transaction.
  • This is Hertz’s 3rd transaction in the United States.
  • This is Hertz’s 1st transaction in Illinois.
Investment Fate
  • Donlen was sold to a strategic buyer in 2020 for 875M USD.

M&A Deal Summary
Date 2011-07-17
Target Donlen
Sector Business Services
Buyer(s) Hertz
Deal Type Add-on Acquisition
Deal Value 947M USD
Advisor(s) J.P. Morgan Securities (Financial)

Target

Donlen

Bannockburn, Illinois, United States
Donlen develops innovative fleet management technology solutions and offers a proactive, hands-on approach to customer service. For more than 55 years, Donlen has empowered its customers to focus on their core business and drive continuous improvement in their fleet's operational and financial performance. Donlen was formed in 1965 and is headquartered in Bannockburn, Illinois.

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Buyer(S) 1

Buyer

Hertz

Estero, Florida, United States
Category Company
Founded 1918
Sector Consumer Services
Employees27,000
Revenue 9.4B USD (2023)
DESCRIPTION
Entrance to Hertz's corporate headquarters in Estero, Florida.
Entrance to Hertz's corporate headquarters in Estero, Florida.

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.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 3
Year (2011) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-04-26 Dollar Thrifty Automotive Group

Tulsa, Oklahoma, United States

Dollar Thrifty Automotive Group, Inc. is a provider of car rental services. Dollar and Thrifty have approximately 280 corporate locations in the United States and Canada, with approximately 5,800 employees located mainly in North America. In addition to its corporate operations, the Company maintains global service capabilities through an expansive franchise network of approximately 1,300 franchise locations in 82 countries.

Buy $2.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-03 Hertz AG

Basel, Switzerland

Hertz AG is a provider of car rental services in Switzerland with 30 locations.

Sell -
Mergr

Product

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