Enterprise Holdings acquires rental business in Canada
Enterprise Holdings, which owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, and Discount Car and Truck Rentals, announced Friday it has signed an agreement in which Enterprise Holdings’ Canadian subsidiary will acquire Discount Car and Truck Rentals, a leading Canadian car and truck rental company serving customers across Canada.
The company says this includes all corporate-owned locations and the Quebec licensee’s daily rental businesses. The combination will bring together the complementary strengths of two family-owned and privately held companies with a rich legacy of delivering superior customer service. Additionally, the transaction will create growth by combining complementary networks and service offerings, talented workforces, as well as the expertise of both companies, resulting in a broader offering of services at additional locations with a focus on enhanced mobility offerings.
“By combining Enterprise’s existing fleet and airport rental locations with Discount’s regional network and deep roots in Canada, we’re pleased we’ll be able to offer customers across Canada a growing array of choices and services,” says Steven Tudela, senior vice president, Canadian Operations, Enterprise Holdings.
“Through a broader fleet of cars and trucks of all sizes and an expanded portfolio of services – from airport service car rentals to neighborhood leisure and moving truck rentals – the combined company will be in an even better position to meet the unique mobility needs of Canadian customers and offer greater efficiencies,” says Tudela.
Enterprise Holdings operates more than 600 airport and neighborhood locations in Canada through a network of independent regional subsidiaries. The merged entity with Discount – which has over 300 locations across Canada – will offer customers a larger and more accessible fleet across the country.
“We’re looking forward to this next chapter for Discount,” says Jay Singer, President and CEO, Discount Car and Truck Rentals. “Our customers will gain access to a wider range of services, including airport car rentals and Enterprise’s global network, while Enterprise’s Canadian customers also will gain access to a larger and more varied fleet of rental vehicles, including truck rentals.”
The acquisition is subject to satisfaction of customary closing conditions. Until closing, both companies will continue to operate independently and conduct business as usual, Enterprise Holdings says.