The Hertz Corporation

The Hertz Corporation

The Hertz Corporation

Overview
Date Founded

1967

Headquarters

225 Brae Boulevard,Park Ridge, NJ 07656-0713

Type of Company

Private

Employees (Worldwide)

38K

Industries

Consumer Services
Other Transportation
Consumer Finance
Recreation & Leisure
Automobiles

Company Description

The Hertz Corp. engages in the provision of car rental services. It operates through the following brands: Hertz, Dollar, and Thrifty. The company was founded in 1918 and is headquartered in Estero, FL.

Contact Data
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Executives & Employees

President & Chief Executive Officer

Chief Financial Officer & Executive Vice President

Secretary, Executive Vice President & General Counsel

Founder

Owner

Owner

Owner

Non-Executive Chair

Chief Operating Officer

Paths to The Hertz Corporation
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The Hertz Corporation
Recent Transactions
Details Hidden

Hertz (U.K.) Ltd., Hertz Global Holdings, Inc. (Inactive) purchase Hertz Accident Support Ltd.

Details Hidden

Hertz Global Holdings, Inc. (Inactive), Herc Rentals, Inc. purchase Arpielle Equipment Co., Inc.

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Hertz Entertainment Services Corp., Hertz Global Holdings, Inc. (Inactive) purchase Cinelease, Inc. from 101 Huntington Holdings LLC

Transaction Advisors
Auditor

Advised onThe Hertz Corporation issued USD Common Stock

Legal Advisor

Advised onFord Motor Company, The Hertz Corporation purchase AA Rentals

Accountant

Advised onFord Motor Company purchases The Hertz Corporation

Advisors & Consultants
Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Latham & Watkins LLP

Legal Advisor

Partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP

Clients

Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. Icahn Enterprises L.P. is a Delaware master limited partnership

Key Stats and Financials As of 2019
Market Capitalization
Total Enterprise Value
Earnings Per Share
Revenue
$9.78B
EBITDA
$3.75B
Non-Profit Donations & Grants
$50K - $100K
2018
$50K - $75K
2017
Political Donations
$1,000
2010
$1,000
2008
$1,000
2008
Investors
Details Hidden

The Carlyle Group LP (Corporate Private Equity) focuses either on a particular geography (Asia, Europe, Japan, Middle East and North Africa (MENA), South America, Sub-Saharan Africa or the United States) or a particular industry, such as financial services. The firm invests in aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media, and transportation. They provide capital for buyouts and growth capital requirements.

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Founded in 1978, Clayton, Dubilier & Rice LLC is a private equity firm located in New York City. The firm is a subsidiary of Clayton Dubilier & Rice Holdings LP. Their investors include financial institutions, university endowments and corporate and public pension funds.

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MLGP's objective is to generate long-term capital gains, with a primary focus on control-oriented investments in equity, equity-related and similar securities with equity-like returns. Investments typically range in size from $250 million to $750 million, with the flexibility to commit to larger or smaller investments.MLGP makes investments globally, with a primary emphasis on the world's largest economies, including the US, Europe, Japan, China, India, Latin America and Australia, taking a multi-sector approach to identifying attractive investment opportunities. They target investments in high quality, established companies that are recognized brands with industry or regional leadership, defensible market positions, strong cash flow characteristics and seasoned management. They combine comprehensive regional and industry-based in-depth analyses with global approval and management processes.Their approach combines an intensive, bottom-up evaluation process including gaining a detailed understanding of a potential portfolio company's value drivers, management capabilities, cost structure, cash flow characteristics, market position and competitive advantages with a top-down analysis of the attractiveness, growth potential and underlying economics of the industry, competitive environment and exit alternatives.When making an investment, MLGPE takes a control-oriented approach and seeks to structure transactions to ensure the ability to influence critical decisions for a portfolio company, particularly as it relates to specific value-added initiatives. A key element of their transaction negotiation with partners and management centers on contractual rights and board representation that facilitate input into key decisions such as management changes, expansion plans, acquisitions, budgets, debt and equity financings and new initiatives.MLGP implements value creation initiatives such as organic growth alternatives, acquisitions and other strategic initiatives, business rationalization and operational improvements and capital structure improvements in partnership with portfolio company management. They are actively involved in significant portfolio company decisions, including those relating to potential acquisitions, expansion plans, debt and equity financings, changes in senior management and new business initiatives.

Suppliers
General Motors Company Other Transportation | Detroit, Michigan

General Motors Co. engages in the designing, manufacturing, and selling of cars, trucks and automobile parts. It also provides automotive financing services through General Motors Financial Company, Inc. The firm operates through the following segments: GM North America, GM International, Cruise and GM Financial. It sells vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Wuling, Maven, and OnStar brands. The company was founded by William C. Durant on September 16, 1908 and is headquartered in Detroit, MI.

Ford Motor Company Computer Software | Dearborn, MI

Ford Motor Co. engages in the manufacture, distribution, and sale of automobiles. It operates through the following three segments: Automotive, Mobility, and Ford Credit. The Automotive segment engages in developing, manufacturing, marketing and servicing of Ford cars, Lincoln vehicles. The Mobility segment includes Ford Smart Mobility LLC and autonomous vehicles business. The Ford Credit segment comprises Ford Credit business on a consolidated basis, which is primarily vehicle-related financing and leasing activities. The company was founded by Henry Ford on June 16, 1903 and is headquartered in Dearborn, MI.

Daimler AG Trucks, Construction & Farm Machinery | Stuttgart, Germany

Daimler AG is one of the world’s most successful automotive companies. With its divisions Mercedes-Benz Cars, Daimler Trucks, Mercedes-Benz Vans, Daimler Buses and Daimler Financial Services, the Daimler Group is one of the biggest producers of premium cars and the world’s biggest manufacturer of commercial vehicles with a global reach. Daimler Financial Services provides financing, leasing, fleet management, insurance and innovative mobility services. The company’s founders, Gottlieb Daimler and Carl Benz, made history with the invention of the automobile in the year 1886. As a pioneer of automotive engineering, Daimler continues to shape the future of mobility today: The Group’s focus is on innovative and green technologies as well as on safe and superior automobiles that appeal to and fascinate its customers. For many years now, Daimler has been investing continually in the development of alternative drive systems with the goal of making emission-free driving possible in the long term. So in addition to vehicles with hybrid drive, Daimler now has the broadest range of locally emission-free electric vehicles powered by batteries and fuel cells. This is just one example of how Daimler willingly accepts the challenge of meeting its responsibility towards society and the environment.

Competitors
Avis Budget Group, Inc. Consumer Finance

Avis Budget Group, Inc. is a leading global provider of vehicle rental services through its Avis and Budget brands, with 10,000 rental locations in approximately 175 countries around the world. Avis Budget Group operates most of its car rental offices in North America, Europe and Australia directly, and operates primarily through licensees in other parts of the world. Avis Budget Group has approximately 29,000 employees and is headquartered in Parsippany, N.J

Element Fleet Management Corp. Consumer Services - Toronto, Can

Element Fleet Management Corp. engages in the provision of services and financing solutions for commercial vehicle fleets. It operates through the Fleet Management and Non-Core segments. The Fleet Management segment offers core fleet management services. The Non-Core segment includes outsourced servicers that do not form part of the core fleet portfolio. The company was founded by J. Stephen Sands on May 11, 2007 and is headquartered in Toronto, Canada.

Holman Enterprises, Inc. Automobiles - Mount Laurel, NJ

Holman Enterprises, Inc. sells cars and offers collision repairing services. Its brands include BMW, Ford, Infiniti, Jaguar & Lincoln, Mercury, Rolls-Royce, Saturn cars, Ford and Sterling trucks. The company was founded by Steward C. Holman in 1924 and is headquartered in Mount Laurel, NJ.

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