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Hertz opened a heavy equipment rental division in 1965, the Hertz Equipment Rental Corporation, with its first location in Houston, Texas and headquarters in Park Ridge, New Jersey. [104] Herc Rentals became an independently publicly traded company called Herc Holdings Inc. on July 1, 2016. [ 105 ]
The Dollar Thrifty Automotive Group was separated into two subsidiaries, Thrifty Car Rental and Dollar Rent A Car, under the Hertz Corporation. Each operates with its own sales, marketing, rental fleets, and franchise locations from Hertz's headquarters in Estero, Florida under President and CEO Kathryn V. Marinello. [32] [33] [34]
2006 – 85,000 cars and 407 US corporate locations [13] [14] 2009 – 106,245 cars and 600 US locations [15] 2012 – A fleet of 122,000 cars in 470 US locations [16] The Hertz Corporation announced the company would purchase of Dollar Thrifty Automotive Group for US$2.3 billion (equivalent to $3 billion in 2023) on November 19, 2012. [17]
The company was founded in 1965 as a subsidiary of The Hertz Corporation. [9] It was originally named Hertz Equipment Rental Corporation (HERC). It was the second largest equipment rental company as of 1994. [10] Ford Motor Company considered acquiring HERC in 2002 but opted not to. [11]
Hertz Investment Group is a real estate investment company. The company was founded by Judah Hertz in 1977. [1] In 2003, the company acquired four buildings in New Orleans, three from Simon Property Group at a cost of $36 million. [2] The company sold The Hyatt at Capitol Square in Columbus, Ohio for $19.5 million in 2011. [3]
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