Hertz Buys Automoti Group

Hertz Global Holdings Inc. (NYSE: HTZ) has acquired the assets of Automoti Group Inc., an online marketplace for consumers to directly purchase used cars. No financial terms were disclosed. Hertz was acquired in a 2005 buyout by The Carlyle Group, Clayton Dubilier & Rice and Merrill Lynch Global Private Equity. The firms still hold a majority stake.

DealsNorth AmericaUSBriefs