Global leader in car and equipment rental markets
The Hertz Corporation, acquired from Ford Motor Company in a divestiture transaction, is the world’s largest airport general use car rental brand, operating more than 10,000 locations in approximately 150 countries worldwide. Hertz also operates one of the world’s largest equipment rental businesses, Hertz Equipment Rental Corporation, through approximately 340 branches in the United States, Canada, China, France, Spain and Saudi Arabia, as well as through its international licensees. CD&R completed its exit from the Hertz investment in 2013. Over the course of CD&R’s ownership, Corporate EBITDA increased by 57%.