Sale of Discount Car and Truck Rentals to Enterprise Holdings

Automotive - Passenger car rental

KPMG Corporate Finance acted as financial advisor to Discount Car and Truck Rentals and its multiple shareholder groups (“Discount”) on its announced sale to the Canadian subsidiary of Enterprise Holdings. The transaction will involve all corporate owned locations, as well as the Quebec licensee’s daily rental business.

Founded in 1980 and headquartered in Toronto, Discount is a nationally recognized brand operating off-airport and neighbourhood rental locations across Canada. With over 300 branches, over 90 percent of Canadians are located within 15 minutes of a Discount location. Discount rents cars and trucks of all makes and models – from economy cars to luxury brands, and from cargo vans to 5-ton trucks.

Enterprise Holdings – through its integrated global network of independent regional subsidiaries and franchises – operates its brands at more than 10,000 neighbourhood and airport locations. Enterprise Holdings has been serving the Canadian market since 1993. Combined, Enterprise Holdings and its affiliate Enterprise Fleet Management owned more than 2 million vehicles throughout the world in fiscal year 2019. Enterprise Holdings’ regional subsidiaries and Enterprise Fleet Management currently employ more than 100,000 people worldwide.