Profile: Hertz Global Holdings Inc (HTZ)
27 Feb 2015
Hertz Global Holdings, Inc. (Hertz Holdings), incorporated on July 15, 2005, is a holding company. The Company operates car rental business through the Hertz, Dollar, Thrifty and Firefly brands from 11,555 corporate and franchisee locations in North America, Europe, Latin and South America, Asia, Australia, Africa, the Middle East and New Zealand. The Company owns Donlen Corporation, a provider of fleet leasing and management services. The Company’s wholly owned subsidiary, Hertz Claim Management Corporation, provides claim administration services, including investigating, evaluating, negotiating and disposing of a wide variety of claims. The Company operates in four business segments: United States Car Rental, International Car Rental, Worldwide Equipment Rental and All Other Operations.
United States Car Rental
The Company maintains a substantial network of Company-operated car rental locations in the United States. The Company’s franchisees and associates also operate rental locations in the United States. United States Car Rental business is operated through four brands - Hertz, Dollar, Thrifty and Firefly.
International Car Rental
The Company maintains a network of Company-operated car rental locations internationally. The Company’s franchisees and associates also operate rental locations in approximately 140 countries and jurisdictions, including most of the countries in which it has Company-operated rental locations.
Worldwide Equipment Rental
The Company’s Hertz Equipment Rental Corporation (HERC) rents a broad range of earthmoving equipment, material handling equipment, aerial and electrical equipment, air compressors, generators, pumps, small tools, compaction equipment and construction-related trucks. HERC also derives revenues from the sale of new equipment and consumables, as well as through its Hertz Entertainment Services division, which rents lighting and related aerial products used primarily in the United States entertainment industry.
All Other Operations
The Company’s subsidiary Donlen is a provider of fleet leasing and management services for corporate fleets. Donlen’s fleet management programs provide outsourcing solutions to reduce fleet operating costs and improve driver productivity. These programs include administration of preventive maintenance, advisory services, and fuel and accident management along with other complementary services.
As of December 31, 2013, the Company had 3,575 staffed rental locations in the United States. In addition to its airport locations, the Company operates off-airport locations, offering car rental services to a variety of customers.
The Company competes with Avis Budget Group, Inc., Enterprise Holdings, United Rentals, Inc, Sunbelt Rentals, Home Depot Rentals, Aggreko North America, Loxam, Kiloutou, Laho, GE Capital, Automotive Resources International, PHH Corporation, Wheels, Inc., Europcar, Sixt AG, Zicheng Corporation, United Rentals, Inc., Jin He Yuan, Lei Shing Hong and Far East Rental , Bin Quraya, Al Zahid Tractors, Saudi Diesel, Rapid Access, Eastern Arabia and Rental Solutions & Services (RSS) Saudi Ltd., GE Capital, Automotive Resources International, PHH Corporation, Wheels, Inc. and LeasePlan Corporation N.V. and LeasePlan Corporation N.V.
Hertz Global Holdings Inc
3RD FLOOR, 999 VANDERBILT BEACH
NAPLES FL 34108