Enterprise Holdings Inc., which owns the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands, announced Wednesday its Canadian subsidiary has closed its acquisition of Discount Car and Truck Rentals, a leading Canadian car and truck rental. All conditions of closing have been satisfied, including receipt of a no action letter from the Canadian Competition Bureau. The acquisition includes all of Discount’s corporate-owned locations and the Quebec licensee’s daily rental businesses.
The acquisition creates growth by combining complementary networks and service offerings, workforces and expertise of both companies. This results in a broader offering of services at additional locations with a focus on enhanced mobility offerings. Additionally, the combination of the two companies brings together the complementary strengths of two family-owned and privately held companies.
“We are excited about and encouraged by the long-term opportunities for diversification and innovation this acquisition brings,” said Steven Tudela, SVP of Canadian operations for Enterprise Holdings. “Through a broader fleet of cars and trucks of all sizes and an expanded portfolio of services—from airport service car rentals to neighborhood leisure and moving truck rentals—the acquisition allows us to enhance our ability to meet the unique mobility needs of Canadian customers and offer more efficient service.”
Enterprise Holdings operates more than 600 airport and neighborhood locations in Canada. The combined entity with Discount, which has over 300 locations across Canada, offers customers a larger and more accessible fleet across the country.
The acquisition also brings together the combined value of the company’s truck rental offerings. Customers will have access to a broader variety of trucks, including multiple truck classes, specialty equipped trucks and moving trucks, as well as cargo and cube vans. Additionally, by joining Enterprise’s truck business with Discount’s well-known and well-established Canadian truck business, customers also have access to a larger network of locations to meet their diverse truck rental needs.