What Companies are Owned by Hertz?

For anyone curious about the vast network of companies under the Hertz umbrella, the list is quite extensive.

Not only does Hertz own their main car rental brand, but they also have their hands in other areas of the transportation industry including equipment rental and leasing services.

Who Owns Hertz?

Currently, the company is owned by a group of investors including Knighthead Capital Management, Certares Opportunities, and Apollo Global Management.

Despite the ownership changes, Hertz continues to provide quality car rental services and is a trusted name in the travel industry.

Hertz, one of the world’s largest car rental companies, has been around since 1918.

Over the years, it has seen its fair share of ups and downs, but it remains a popular choice for travelers all over the world.

What Companies Does Hertz Own?

Some of the many subsidiaries of Hertz Global Holdings Inc. include the following:

1. Thrifty Car Rental

Thrifty Car Rental is a subsidiary of Hertz which has been around since 1958.

It operates in more than 1,300 locations and provides rental cars to travelers on a budget.

The Thrifty brand focuses on providing value-oriented services for customers, to make car rental less expensive and more accessible.

As part of the Hertz network, Thrifty Car Rental has access to a wide variety of cars and services.

2. Dollar Rent a Car

Dollar Rent a Car is another Hertz brand that was founded in 1965.

It has over 650 locations worldwide and provides customers with reliable car rental services.

Dollar Rent a Car focuses on providing a high level of customer service while keeping the prices competitive and reasonable.

The company also offers online reservations and discounts, making it a great option for travelers looking to save money on car rentals.

3. Firefly Car Rental

Firefly Car Rental is a Hertz subsidiary that was founded in 2011 and offers car rentals in Europe, North America, South America, and Asia Pacific.

This brand focuses on providing budget-friendly car rental options for customers who want to save money while still getting quality service.

Firefly also offers special discounts for long-term rentals, making it a great option for travelers who are planning extended trips.

4. Hertz Equipment Rental Corporation

Hertz Equipment Rental Corporation is a North American-based Hertz subsidiary.

Founded in 1965, this company provides rental services for industrial and construction equipment such as forklifts, excavators, power tools, and more.

It offers both short-term rentals and long-term leases to customers who need access to these types of vehicles.

Hertz Equipment Rental Corporation also offers online rental services, allowing customers to rent and manage their equipment from anywhere.

5. Donlen Corporation

Donlen Corporation is a fleet leasing and management company that was acquired by Hertz in 2014.

This brand specializes in providing fleet leasing, maintenance, and management services to businesses across the United States.

Donlen also offers a wide range of other services such as accident management, driver safety training, fuel optimization, and more.

With its nationwide network of service providers, Donlen can provide businesses with efficient fleet solutions.

When Was Hertz Founded?

The story of Hertz began over a century ago, back in 1918.

It was a time of innovation and tremendous change, especially in the world of transportation.

John D. Hertz, a savvy entrepreneur with a love for cars, recognized the potential of this fast-growing industry.

He decided to start a business focused on renting out vehicles to people who needed them for various purposes.

And so, Hertz was born.

The company quickly caught on and expanded across the United States, eventually becoming a global brand.

Today, Hertz remains one of the largest car rental companies in the world, with a rich history that spans more than a hundred years.

Who is the CEO of Hertz?

Paul Stone is the current CEO of Hertz.

He was appointed in 2018 and is responsible for leading the business into a new era of growth and innovation.

Stone has extensive experience in the automotive industry, having previously held executive positions at Ford Motor Company, Nissan North America, and Penske Automotive Group.

He joined Hertz with a mission to drive innovation and customer service excellence across all.

His extensive experience in the field has been instrumental in the success of this company.

Under his leadership, Hertz has become one of the leading names in the rental car industry.

What is Hertz’s Net Worth?

As of February 2024, the net worth of Hertz is around $2.6 billion.

Today, the Hertz brand is still going strong with a fleet of over 500,000 cars and an estimated revenue of over $9 billion.

Hertz has been able to remain competitive in the market by providing innovative solutions for our customers, such as their “Hertz 24/7” program, which provides car rental services to its customers on demand.

Where is the Headquarters of Hertz?

Hertz, one of the world’s leading rental car companies, is headquartered in Estero, Florida.

Located just south of Fort Myers, Estero is a beautiful beach town in Southwest Florida that offers stunning views of the Gulf of Mexico.

The Hertz headquarters in Estero is an impressive state-of-the-art facility that has been designed to promote innovation and collaboration among employees.

With a team of over 38,000 associates, Hertz is committed to providing their customers with the highest level of service and satisfaction.

Whether you’re renting a car for business or leisure travel, Hertz has locations all around the world to help you get where you need to go.

What is the Annual Revenue of Hertz?

Hertz had an annual revenue of over $9.3 billion in 2023.

The company has grown exponentially in the last decade, thanks to its innovative solutions and commitment to customer service excellence.

Through the Hertz 24/7 program, customers can rent cars on demand without any reservations or commitments.

With a fleet of over 500,000 vehicles, Hertz continues to be one of the leading rental car companies in the world.

This financial success can be attributed to their wide range of rental options, as well as their consistent presence in the market.

With Hertz, you can be assured that you’re renting from a company that knows what they’re doing and that they’re doing it well.

How Many Employees Does Hertz Have?

Hertz has a workforce that consists of approximately 38,000 employees across the globe.

These individuals work in various departments, including customer service, sales, marketing, and logistics, among others.

With such a large team of talented and driven individuals, it is no surprise that Hertz has been able to build such a strong reputation in the car rental industry.

From maintenance crews to drivers, Hertz has a well-trained team that is dedicated to providing their customers with the highest level of service and satisfaction.

Final Thoughts

To conclude, finding out who owns Hertz and what they own can be a tough task, but it is an important part of understanding the business.

Hertz is owned by a variety of subsidiaries which is constantly changing due to their privatization in 2005.

They were founded in 1918 and their headquarters are located in Florida.

The CEO of Hertz is Kathryn V. Marinello and its estimated net worth is $2.6 billion with annual revenue of around $9.3 billion as well – so they have been successful!

As far as numbers go, Hertz has approximately 38,000 full-time employees all over the world.

From this brief overview, it’s easy to see why Hertz has managed to become the most recognizable car rental company and reach such success.

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