Dollar Thrifty Automotive Group Acquires Thrifty Franchise Operations in Phoenix
Posted on: 05/09/2006
Auto acquisition represents another milestone in company's franchise growth strategy.
Dollar Thrifty Automotive Group, Inc. today announced the acquisition of the Thrifty Car Rental franchise operations in Phoenix. The acquisition includes an in- terminal location at the new Sky Harbor International Airport consolidated rental car facility, as well as two local market locations and adds approximately 1,400 vehicles to the Company's corporate fleet. The Phoenix operations were sold by Cholla Holdings, LLC., owned by Stuart and Laura Boykoff, long-time, successful Thrifty Car Rental franchisees. Terms of the transaction were not disclosed.
"We're extremely pleased to increase our corporate presence in one of the fastest growing cities in the nation," Jay Foley, Senior Executive Vice President - Corporate Operations, said. "Phoenix ranks as one of the top five U.S. airport car rental markets and our purchase of the Thrifty franchise operations there is another very important link in the execution of our franchise acquisition growth strategy for key U.S. airport markets. Phoenix is a premier destination for both tourists and business travellers. With the Dollar Rent A Car brand already operating corporately in Phoenix, we look forward to the operating efficiencies we can achieve by adding the Thrifty brand in this dynamic city."
Dollar Thrifty Automotive Group, Inc. is a Fortune 1000 Company headquartered in Tulsa, Oklahoma. Driven by the mission "Value Every Time," the Company's brands, Dollar Rent A Car and Thrifty Car Rental, serve value- conscious travellers in approximately 70 countries. Dollar and Thrifty have approximately 1,600 corporate and franchised worldwide locations including over 800 in the United States and Canada. The Dollar or Thrifty brands operate in virtually all of the top U.S. airport markets; both brands operate in all of the top Canadian airport markets. The Company's more than 8,500 employees are located mainly in North America, but global service capabilities exist through an expanding international franchise network.
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