About Hertz
Hertz is a company based in Estero (United States) founded in 1918 was acquired by Knighthead Capital Management in May 2021. It operates as a Pay-per-Use / Usage-Based. The company has 26,000 employees as of December 31, 2024. Hertz has completed 8 acquisitions, including Advantage Rent a Car, Automoti Group and Cinelease. Hertz offers products and services including Car Rental, Van Rental, and Truck Rental.
- Headquarter Estero, United States
- Employees 26000 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Hertz Global Holdings, Inc
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Annual Revenue
$9.05 B-3.44as on Dec 31, 2024
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Net Profit
$-2.86 B-564.61as on Dec 31, 2024
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EBITDA
$3.56 B6.43as on Dec 31, 2024
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Latest Funding Round
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Investors
The Carlyle Group
& 4 more
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Employee Count
26000
as on Dec 31, 2024
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Investments & Acquisitions
Advantage Rent a Car
& 7 more
- Acquired by
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IPO & Listings of Hertz
Hertz is a publicly listed company on the NASDAQ with ticker symbol HTZ in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hertz
Hertz offers a comprehensive portfolio of products and services, including Car Rental, Van Rental, and Truck Rental. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Rental cars are provided for personal and business use.
Vans are offered for larger group or cargo needs.
Trucks are available for heavy-duty transport and moving.
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Software Development Team
111 people
Leadership Team
93 people
Sales and Marketing
49 people
Operations Team
40 people
Data Analysis and Operations Team
28 people
Human Resources and Administration
25 people
Finance and Accounting
23 people
Senior Team
19 people
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Funding Insights of Hertz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Hertz
Hertz has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include The Carlyle Group, Merrill Lynch and Knighthead Capital Management. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Private equity investments are directed toward multiple sectors.
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Founded Year | Domain | Location | |
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Certares is engaged in investment management for long-term value.
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Founded Year | Domain | Location | |
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A private equity firm focused on building long-term business value.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Hertz
Hertz has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Advantage Rent a Car, Automoti Group and Cinelease. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Chemicals and construction materials are supplied to various projects.
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2015 | ||||
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Provides a car sharing service with supporting technology for convenient access.
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2002 | ||||
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Mechanization vehicle access systems are supplied by Automoti Group.
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2000 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hertz
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hertz Comparisons
Competitors of Hertz
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hertz
Frequently Asked Questions about Hertz
When was Hertz founded?
Hertz was founded in 1918.
Where is Hertz located?
Hertz is headquartered in Estero, United States. It is registered at Estero, Florida, United States.
Who is the current CEO of Hertz?
Gil West is the current CEO of Hertz.
How many employees does Hertz have?
As of Dec 31, 2024, the latest employee count at Hertz is 26,000.
What is the annual revenue of Hertz?
Annual revenue of Hertz is $9.05B as on Dec 31, 2024.
What does Hertz do?
Hertz is recognized as a leading provider of car rental services worldwide. Vehicles including cars, vans, and trucks are offered for personal, business, and moving purposes. Operations are conducted in multiple sectors such as travel, leisure, and transportation. Solutions are tailored to meet short-term and long-term rental demands across diverse customer bases in numerous global locations.
What products or services does Hertz offer?
Hertz offers Car Rental, Van Rental, and Truck Rental.
Is Hertz publicly traded?
Yes, Hertz is publicly traded on NASDAQ under the ticker symbol HTZ.
How many acquisitions has Hertz made?
Hertz has made 8 acquisitions, including Advantage Rent a Car, Automoti Group, and Cinelease.
Who are Hertz's investors?
Hertz has 5 investors. Key investors include The Carlyle Group, Merrill Lynch, Knighthead Capital Management, Certares, and CD&R.
What is Hertz's ticker symbol?
The ticker symbol of Hertz is HTZ on NASDAQ.