CASE STUDY: HERTZ
Hertz Acquisition of Donlen
TARGET
Donlen Corporation
TRANSACTION TYPE
Buy-side Advisory
INDUSTRIES
Vehicle fleet leasing and management services
GEOGRAPHY
Northbrook, IL
SIZE
US$947 Million
SITUATION
Seale & Associates, Inc. announced that it acted as financial advisor to The Hertz Corporation ("Hertz") on the acquisition of Donlen Corporation for US$947M.
This transaction was part of the overall growth strategy of Hertz to provide the most flexible transportation programs for corporate and general consumers.
OUTCOME
Seale professionals conducted a comprehensive evaluation of vehicle fleet companies that could potentially align with Hertz's growth strategy.
After pre-qualifying each potential target, Seale began negotiations with the companies that best matched Hertz's investment criteria and strategic objectives.
The process resulted in the purchase of Donlen Corporation by Hertz. Donlen, a leading provider of vehicle fleet leasing and management services.
"The acquisition of Donlen is consistent with the evolution of Hertz's asset-light, technology focused business model and is part of the Company's overall growth strategy to provide the most flexible transportation programs for corporate and retail customers. Integrating Donlen into the Hertz family of products gives us a yearly and multi-year offering that complements our current core competencies of hourly, daily and monthly car sharing and car rental options and provides the Company with a more stable revenue stream and new adjacent markets to leverage our existing business model."
Mark P. Frissora
Chairman and CEO of Hertz
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