g equipment, quiet power generation, boomlifts, forklifts and platform lifts, all of which can be delivered to production locations. As of December 31, 2014, HERC had approximately 350 branches throughout the U.S., Canada, France, Spain, China and Saudi Arabia. HERC's rental locations are situated in industrial or commercial zones. Additionally, HESC has operations in the United Kingdom. Joint Venture: In 2010, the company entered into a joint venture with Saudi Arabia based Dayim Holdings Company, Ltd. to establish equipment rental operations in the Kingdom of Saudi Arabia. The joint venture was extended into Qatar in 2014. The joint venture entity rents and sells equipment and tools to construction and industrial markets throughout the Kingdom of Saudi Arabia. Seasonality The company’s worldwide equipment rental operation is a seasonal business, with demand for its rental equipment tending to be lower in the winter months. To accommodate increased demand, the company increases its available fleet and staff during the second and third quarters of the year. Customers The company operates in a range of customer segments across construction, infrastructure, industrial and specialty verticals. Key areas that the company serves under these verticals include commercial, engineering, oil and gas, petrochemical, railroads and entertainment. Franchisees: HERC licenses the Hertz name to equipment rental businesses in four countries in Europe, one country in the Middle East, one country in Central Asia, one country in Central America and one country in South America. All Other Operations Through its Donlen subsidiary, the company provides fleet leasing and management services for corporate fleets and through HCM, the company provides claim management services. Donlen Donlen provides a comprehensive array of fleet leasing, financing, telematics, and management services to commercial fleets in the U.S. and Canada. Products offered by Donlen include: vehicle financing, acquisition and remarketing; license, title and registration; maintenance consultation; fuel management; accident management; toll management; telematics-based location, driver performance and scorecard reporting; and equipment financing. Donlen’s leased fleet consists primarily of passenger cars, cargo vans and light-duty trucks. Vehicles are acquired directly from domestic and foreign manufacturers, as well as dealers. Donlen’s primary product for car and light to medium truck fleets is an open-ended terminal rental adjustment clause, or ‘TRAC,’ lease. Donlen also offers financing solutions for heavier-duty trucks and equipment. Lease financing is provided through syndication arrangements with lending institutions. Donlen originates the leases, acquires the assets, and services the lease throughout the term. Donlen provides services to leased and non-leased fleets consisting of fuel purchasing and management, preventive maintenance, repair consultation, toll management and accident management. Additionally, Donlen manages license and title, vehicle registration, and regulatory compliance. Donlen’s telematics products provide enhanced visibility and reporting over driver and vehicle performance. Competition: The company’s principal fleet management competitors in the U.S. and Canada are GE Capital; Automotive Resources International; Element Financial Corporation; Wheels, Inc.; and LeasePlan Corporation N.V. HCM HCM provides claim management services to the company. These services include investigating, evaluating, negotiating and disposing of a wide variety of claims, including third-party, first-party, bodily injury, property damage, general liability and product liability, but not the underwriting of risks. History Hertz Global Holdings, Inc. was founded in 1918.
hertz global holdings inc (HTZ:New York)
999 Vanderbilt Beach Road
Naples, FL 34108
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