Global Fleet

Hertz Spins Off Equipment Rental Company

March 18, 2014

Hertz Corp. is spinning off its Hertz Equipment Rental Corp. (HERC) as a separately traded entity that will remain one of the largest global equipment rental companies, the company announced.

HERC now maintains 335 branches in the U.S., Canada, France, Spain, China, and Saudi Arabia. The company also maintains several international franchises.

The company rents a broad range of equipment including aerial manlifts, air compressors and tools, earthmoving equipment, power generators, forklifts and material handling, pumps, trucks, and trailers.

HERC recorded $1.5 billion in revenue in 2013 with 38% from the construction market, 26% from industrial, and the remaining 36% from other markets including oil and gas, pump and power, government services, and the entertainment industry.

Mark Frissora, the chairman and chief executive of Hertz Corp., will remain in those roles for HERC. Hertz expects the separation to be formalized by early 2015.

The HERC unit maintains a supply contract for federal agencies through the General Services Administration (GSA), supplying gloves, shovels, power tools, and heavy equipment.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 10000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

FleetFAQ

Public Fleet Tracking And Telematics

Amin Amini from Verizon will answer your questions and challenges

View All

Recent Topics

I have been tasked with implementing a small motor pool here at the City and need help on how to implement and manage it. I have a staff...

View Topic

Hello All, We are developing a formal training program for light and heavy equipment technicians. Our goal is to recruit and train...

View Topic

Fleet Documents

974 Fleet Documents (and counting) to Download!

Sponsored by

Electric vehicle typically refers to an all-electric vehicle, but is also occasionally used in reference to plug-in-hybrid electric vehicles (PHEVs) and hybrid electric vehicles (HEVs)

Read more