Enterprise Acquires Open Road Rent A Car's Fleet and Business Assets in Texas

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Dec 18, 2014, 01:05 ET

ST. LOUIS, Dec. 18, 2014 /PRNewswire/ -- Enterprise Holdings announced today that it has purchased certain business assets, including a fleet of approximately 1400 vehicles, from Open Road Rent A Car, an on-site rental car provider at select Toyota dealerships in Texas.

The largest car rental company in the world, Enterprise Holdings is transitioning Open Road's programs to its local Enterprise Rent-A-Car offices in the Houston, Dallas/Fort Worth and San Antonio areas. Terms of the transaction were not disclosed.

"During the last two weeks, we have been visiting local Toyota dealerships, along with Open Road representatives," explained Dave Livon, Senior Vice President at Enterprise Holdings. "Our hope is that the majority of these dealers will decide to participate with us. We are already serving these three key Texas markets with our community-focused car rental neighborhood network, so this new opportunity offers up a lot of efficiencies and flexibility."

Enterprise's extensive network of neighborhood locations is unique, with more than 5,500 offices within 15 miles of 90 percent of the U.S. population. In fact, there are more than 550 local Enterprise locations in the state of Texas alone. For those dealerships who choose to partner with Enterprise, the transition will be seamless and convenient – not only will they be able to leverage Enterprise's grassroots coverage and award-winning customer service, but they'll also have "first right" to purchase on-site rental vehicles in their respective markets.

"We are looking forward to working with our local Enterprise Rent-A-Car team," said Mark Haas, President of Fred Haas Toyota. "Their reputation for service is well known in the automotive industry, and their track record for building local partnerships throughout Texas makes this an ideal arrangement for the long term."

Jeff Parent, President of Open Road Rent A Car, concurred. "We feel good about transitioning our longtime customers and friends to a company like Enterprise," Parent stated. "We are confident that Enterprise will be able to deliver the kind of service excellence and fleet management skills that these successful dealerships and their clientele depend upon every day."

All Open Road employees who are interested in available positions with Enterprise Rent-A-Car are encouraged to apply at the company's online career site.

About Enterprise Holdings
Enterprise Holdings, the largest car rental company in the world as measured by revenue, fleet and employees, and its affiliate Enterprise Fleet Management together offer a total transportation solution. Combined, these businesses – which include extensive car rental and car-sharing services, commercial truck rental, corporate fleet management and retail car sales – accounted for $17.8 billion in revenue, employed 83,000 and operated 1.5 million vehicles throughout the world in fiscal year 2014. Enterprise Holdings, through its regional subsidiaries, operates the largest fleet of vehicles in the world through a global network of more than 8,600 neighborhood and airport locations under the Enterprise Rent-A-Car, National Car Rental and Alamo Rent A Car brands. Enterprise Fleet Management provides full-service fleet management to companies and organizations with medium-sized fleets. Other transportation services marketed under the Enterprise brand name include Enterprise CarShare, Enterprise Rideshare, Enterprise Car Sales, Enterprise Commercial Trucks and Zimride by Enterprise.

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SOURCE Enterprise Holdings