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Advantage Rent A Car
Advantage Rent a Car is a privately held American car rental company headquartered in Orlando, Florida. The company was founded in 1963 by Kenneth and Helen Walker as "$3.99 Car Rentals" and quickly expanded by purchasing several different car rental companies. In 1984, the various car rental brands were consolidated under the name Advantage Rent a Car. The Walker family sold the company in 2006, and by 2008, it was bankrupt. In 2009, the company was purchased out of bankruptcy court by The Hertz Corporation. Hertz was forced to divest the company in 2012 to secure regulatory approval of its acquisition of the Dollar Thrifty Automotive Group. The company changed hands between several private equity firms before going bankrupt again in May 2020. As of July 2020, the brand has been owned by Orlando Rentco LLC, and now operates just 6 locations. Operations Advantage operates from 6 airport locations in Atlanta, Dallas, Las Vegas, Miami, Orlando, Nashville and has a fleet of appr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and service ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |