Owners of National Car Rental and Alamo Rent A Car Purchase ...
Owners of National Car Rental and Alamo Rent A Car Purchase ...
Owners of National Car Rental and Alamo Rent A Car Purchase ...
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For more information, contact:Laura T. Bryant<strong>National</strong> <strong>Car</strong> <strong><strong>Rent</strong>al</strong><strong>Alamo</strong> <strong>Rent</strong> A <strong>Car</strong>314-512-4178Laura.T.Bryant@erac.comFOR IMMEDIATE RELEASE<strong>Owners</strong> <strong>of</strong> <strong>National</strong> <strong>Car</strong> <strong><strong>Rent</strong>al</strong><strong>and</strong> <strong>Alamo</strong> <strong>Rent</strong> A <strong>Car</strong><strong>Purchase</strong> Steward VenturesPhoenix-Based <strong>Car</strong> <strong><strong>Rent</strong>al</strong> Operation wasLargest Single U.S. Licensee <strong>of</strong> <strong>National</strong> <strong>and</strong> <strong>Alamo</strong> Br<strong>and</strong>sSt. Louis, Mo., Feb. 21, 2008 -- The Taylor Family <strong>of</strong> St. Louis, which owns the <strong>National</strong><strong>Car</strong> <strong><strong>Rent</strong>al</strong> <strong>and</strong> <strong>Alamo</strong> <strong>Rent</strong> A <strong>Car</strong> businesses, has purchased Steward Ventures, Inc.Headquartered in Phoenix, privately held Steward Ventures was the largest single U.S.licensee <strong>of</strong> the <strong>National</strong> <strong>and</strong> <strong>Alamo</strong> br<strong>and</strong>s in terms <strong>of</strong> revenue <strong>and</strong> fleet size. Financialterms <strong>of</strong> the transaction have not been disclosed.Steward Ventures operated at four airport rental locations: Phoenix Sky Harbor Airport,Scottsdale Municipal Airport, Phoenix-Mesa-Gateway Airport <strong>and</strong> Mesa Falcon Field. Inaddition, it operated four other locations throughout the Phoenix metropolitan area – thethird largest car rental market in the United States. The operation was founded in 1946<strong>and</strong> has a staff <strong>of</strong> approximately 300 employees.“We are very proud <strong>of</strong> our successful track record <strong>and</strong> our longtime commitment tocustomer service,” said Charles Aton, president <strong>and</strong> chief executive <strong>of</strong>ficer <strong>of</strong> StewardVentures. “We’re confident that this is the right move at the right time for our customers,our employees <strong>and</strong> our business.”-more-
Steward VenturesAdd oneGreg Stubblefield, president <strong>of</strong> <strong>National</strong> <strong>Car</strong> <strong><strong>Rent</strong>al</strong> <strong>and</strong> <strong>Alamo</strong> <strong>Rent</strong> A <strong>Car</strong>, said, “Aftermore than 60 years in the car rental business, Steward Ventures is recognized as apassionate industry leader – something we all share at <strong>National</strong>, <strong>Alamo</strong> <strong>and</strong> Enterprise.So we’re very excited to welcome Steward Ventures’ employees <strong>and</strong> customers, <strong>and</strong> welook forward to continuing to serve the growing car rental market in this region.”The acquisition, which was cleared under the Hart-Scott-Rodino Anti-TrustImprovements Act, closed Feb. 11. Michael G. Rollins is continuing in his role as vicepresident <strong>and</strong> general manager <strong>and</strong> is helping oversee the transition. Steward was thetwelfth licensee to be purchased since the Taylors acquired the <strong>National</strong> <strong>Car</strong> <strong><strong>Rent</strong>al</strong> <strong>and</strong><strong>Alamo</strong> <strong>Rent</strong> A <strong>Car</strong> businesses on Aug. 1, 2007.Steward also was the second <strong>National</strong> <strong>and</strong> <strong>Alamo</strong> licensee to be purchased by theTaylor Family this month. On Feb. 8, the Taylors acquired Eatman Leasing, a licenseewhich operated in Wilmington, Jacksonville, Newbern <strong>and</strong> Rocky Mount, N.C.“Bringing strong, established operations like Steward <strong>and</strong> Eatman more fully into theTaylor family <strong>of</strong> companies is really a win-win,” said Stubblefield. “It exp<strong>and</strong>sopportunities for employees <strong>and</strong> helps us deliver an even more consistent level <strong>of</strong>service to our <strong>National</strong> <strong>and</strong> <strong>Alamo</strong> customers.”About <strong>National</strong> <strong>Car</strong> <strong><strong>Rent</strong>al</strong> <strong>and</strong> <strong>Alamo</strong> <strong>Rent</strong> A <strong>Car</strong>The Taylor Family <strong>of</strong> St. Louis owns <strong>and</strong> operates <strong>National</strong> <strong>Car</strong> <strong><strong>Rent</strong>al</strong> <strong>and</strong> <strong>Alamo</strong> <strong>Rent</strong>A <strong>Car</strong>, internationally recognized br<strong>and</strong>s with locations throughout the United States,Canada, Mexico, the <strong>Car</strong>ibbean, Latin America, Asia <strong>and</strong> the Pacific Rim. The Taylorsalso have owned <strong>and</strong> operated Enterprise <strong>Rent</strong>-A-<strong>Car</strong>, North America’s largest car rentalcompany, since 1957.Together, the <strong>National</strong>, <strong>Alamo</strong> <strong>and</strong> Enterprise businesses include a worldwide network <strong>of</strong>more than 8,000 neighborhood-based <strong>and</strong> airport car rental locations, representing thecar rental industry’s most comprehensive service provider – unparalleled in size,strength <strong>and</strong> stability. For more information about <strong>National</strong>, visit www.nationalcar.com.For more information about <strong>Alamo</strong>, including the Best Rate Guarantee, visitwww.alamo.com.###
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