usrentacar.co.uk ® Car Hire USA Blog

Hi all,

This weekend saw a whirlwind of stories regarding the Hertz/Dollar buyout saga with rumours of advanced negotiations taking place this weekend.

Information given to us this morning confirms that a deal has finally been agreed which will see Hertz purchase Dollar Rent A Car and Thrifty Car Rental for $87.5 per share making the deal worth an eye watering $2.6 Billion.

I am lead to believe that the deal will be concluded by the end of the year subject to FTC approval.

The deal raises a number of questions including -

What will happen to Hertz own budget brand Advantage Rent A Car?

update: usrentacar.co.uk have learnt that a deal to sell Advantage Rent A Car has been reached with the Franchise Services of North America Inc. and Macquarie Capital, the investment banking arm of Australia’s Macquarie Group Ltd, the amount is around $16 million representing a loss to Hertz of $17 million. The Franchise Services of North America already operate car rental brand U-Save car rental.

How does this deal effect Dollar Rent A Car’s future dealings with UK car rental companies?

The deal itself see’s Hertz increase its market share to cement its position as the number 2 US car rental company just behind Enterprise Car Rental.

I will of course update this post as more news becomes available.

regards,

James