Hertz Mergers and Acquisitions Summary

Consumer Services Company

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%).

Join Mergr and gain access to Hertz’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the consumer services sector.

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 Global Holdings, Inc. (Hertz)

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

Hertz Global Holdings, Inc. 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 ≤ '16 '17 '18 '19 '20 '21 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 Add-on Acquisition
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
Bank of America Merrill Lynch (BofA Securities)
1
Legal Deals
White & Case LLP
1
Debevoise & Plimpton LLP
1
Jones Day
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)
100%
2 (100%)

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