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Spin Off • Business Services

Hertz Exits Herc Rentals

On June 6, 2016, invested in business services company Herc Rentals from Hertz

Investment Context
  • This is transaction in the Business Services sector.
  • This is transaction in the United States.
  • This is transaction in Florida.

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Investment Summary
Date June 6, 2016
Target Herc Rentals
Sector Business Services
Sellers(s) Hertz
Deal Type Spin Off

Target Company

Herc Rentals

Bonita Springs, Florida, United States
Herc Holdings' corporate headquarters in Bonita Springs, Florida.
Herc Holdings' corporate headquarters in Bonita Springs, Florida.
Herc Rentals is an equipment rental supplier. Herc Rentals is a full-line equipment-rental supplier in key markets, including commercial and residential construction, industrial and manufacturing, refineries and petrochemicals, civil infrastructure, automotive, government and municipalities, energy, remediation, emergency response, facilities, entertainment and agriculture. Herc Rentals was formed in 1965 and is based in Bonita Springs, Florida.
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Seller Profile 1

SELLER

Hertz

Estero, Florida, United States
Category Company
Founded 1918
Sector Consumer Services
Employees26,000
Revenue 9.0B USD (2024)
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 Context for Seller #
Overall 3 of 4
Sector: Business Services 2 of 3
Type: Spin Off 1 of 1
State: Florida 1 of 1
Country: United States 2 of 3
Year: 2016 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 Advantage Rent A Car

Ridgeland, Mississippi, United States

Advantage Rent A Car is a rental car company and operates at 44 locations across the United States. The new Advantage features one of the industry’s youngest, most diverse rental car fleets. The company also recently launched new growth initiatives including a business customer program, Advantage for Business, which offers a flat pricing structure and other perks for frequent business travelers.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 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.

Sell $875M

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