Enterprise Holdings has closed its acquisition of Low cost Automobile and Truck Leases, a Canadian firm serving clients throughout the nation.
All situations of closing have been glad, together with receipt of a no motion letter from the Canadian Competitors Bureau.
The acquisition consists of all of Low cost’s corporate-owned places and the Quebec licensee’s each day rental companies.
Enterprise – which already owns the Enterprise Lease-A-Automobile, Nationwide Automobile Rental and Alamo Lease A Automobile manufacturers – accomplished the deal via its Canadian subsidiary.
A press release mentioned the mixture of the 2 firms brings collectively the complementary strengths of two family-owned and privately held firms.
“We’re enthusiastic about and inspired by the long-term alternatives for diversification and innovation this acquisition brings,” mentioned Steven Tudela, senior vp of Canadian operations for Enterprise Holdings.
“Via a broader fleet of automobiles and vans of all sizes and an expanded portfolio of providers – from airport service automobile leases to neighbourhood leisure and transferring truck leases – the acquisition permits us to boost our skill to fulfill the distinctive mobility wants of Canadian clients and supply extra…