Catalyst Capital's Advantage Rent A Car to buy E-Z Rent-A-Car
Advantage Rent A Car, a portfolio company of Canadian private equity firm Catalyst Capital Group, has agreed to purchase E-Z Rent-A-Car Group Holding LLC, a provider of car rental services based in Orlando, Florida. The financial details of the transaction were not disclosed. The deal, which is expected to close in the second quarter, will optimize the resources and capabilities of the two brands and create a stronger car rental provider in the United States with a network of 85 locations, Advantage Rent A Car said. Based in Fort Lauderdale, Florida, the company and related assets were acquired by Catalyst Capital in 2014.
17 February 2015•4 mins read
