Catalyst-backed Advantage Rent A Car closes buy of E-Z Rent-A-Car
Advantage Rent A Car has wrapped up its previously announced acquisition of E-Z Rent-A-Car Group Holding LLC, a U.S. provider of car rental services. The financial terms of the deal were not disclosed. Advantage said the combined business, which will serve a range of customers, including value-focused leisure travelers, independent business professionals, and under-served customers, will be a major player in the US$25 billion rent-a-car industry in the United States. Based in Fort Lauderdale, Florida, Advantage is a portfolio investment of Canadian private equity firm Catalyst Capital Group. Catalyst bought the company and related assets from Franchise Services of North America Inc in 2014.
8 June 2015•4 mins read
