Hertz Corporation (also known as Hertz Rent a Car or simply Hertz) is the largest brand worldwide general use car rental worldwide, with about 3,500 establishments in the United States and 7,500 worldwide.Hertz also maintains a division of heavy equipment leasing known as the Hertz Equipment Rental Corporation, aka HERC. It is headquartered in Park Ridge, New Jersey, United States . HERC has over 300 branches across the United States, Canada, Spain, France and India.
The company was started by Walter L. Jacobs in 1918, which began operation of car rental in Chicago with a dozen Model Ts. In 1923, Jacobs sold to John D. Hertz, president of Yellow Cab and Yellow Truck and Coach Manufacturing Company, who renamed it "Hertz Drive-Ur-Self System". The company has passed through many hands, including General Motors, RCA, and United Airlines. En tant qu'entreprise publique, Hertz a été échangé sur le NYSE sous le symbole HRZ jusqu'à l'achat d'actions en circulation par Ford Motor Company.
From 1994-2005, she was a wholly owned subsidiary of Ford Motor Company. On June 13, 2005, Ford issued a notice that Hertz would be spun in an initial public offering. On September 13, 2005, it announced that it would be sold to a private equity group (composed of Clayton Dubilier & Rice, The Carlyle Group and Merrill Lynch Global Private Equity) for $ 5.6 billion in cash and the acquisition debt. The sale was completed December 22, 2005.
This group of private equity Hertz public on November 16, 2006 and is now available on the NYSE under the symbol "HTZ".
Despite his former affiliation with Ford, the rental fleet of most Hertz offices, no longer consists only of Ford and Ford brands such as Mazda, Volvo, Mercury and Lincoln. It is not uncommon to find Hertz rental cars from non-Ford companies such as Toyota, Hyundai, Kia and General Motors.
Hertz Corporation Data Center is located in Warr Acres, a suburb dense in Oklahoma City, Oklahoma.
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