Add-on Acquisition • Business Services

Avis Budget Group Acquires Apex Rental Cars

On October 24, 2012, Avis Budget Group acquired business services company Apex Rental Cars

Acquisition Context
  • This is Avis Budget Group’s 1st transaction in the Business Services sector.
  • This is Avis Budget Group’s 1st transaction in New Zealand.

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M&A Deal Summary

Date October 24, 2012
Target Apex Rental Cars
Sector Business Services
Buyer(s) Avis Budget Group
Deal Type Add-on Acquisition

Target Company

Apex Rental Cars

Christchurch, New Zealand
Apex Rental Cars Ltd. is a provider of car rental services.
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Buyer Overview 1

Buyer

Avis Budget Group

Parsippany, New Jersey, United States

Category Company
Founded 1946
Sector Consumer Services
Employees18,000
Revenue 11.6B USD (2024)
DESCRIPTION
Avis Budget Group's corporate headquarters in Parsippany, New Jersey.
Avis Budget Group's corporate headquarters in Parsippany, New Jersey.

Avis Budget Group is a provider of vehicle rental and car sharing services. The Company operates three brands, which include Avis, Budget and Zipcar. Avis Budget Group was incorporated in 1946 and is based in Parsippany, New Jersey.


Deal Context for Buyer #
Overall 4 of 8
Sector: Business Services 1 of 2
Type: Add-on Acquisition 4 of 8
Country: New Zealand 1 of 1
Year: 2012 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Avis Europe

United Kingdom

Avis Europe PLC is a provider of vehicle rental services in europe.

Buy $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-14 Zipcar

Cambridge, Massachusetts, United States

Zipcar, Inc. is a car sharing nad car club service network. It operates membership-based businesses in major metropolitan areas and college campuses in the United States, Canada and the United Kingdom.

Buy $500M