Car rental giant Enterprise Holdings has announced another acquisition of a regional car rental firm.
The company said it has acquired Triangle Rent A Car, based in Raleigh, N.C for an undisclosed amount.
The deal includes the Triangle brand name, all locations and most of its fleet, which includes the truck and van rental business.
Triangle has 29 branch offices in Georgia, North Carolina, South Carolina and Virginia.
"As family-owned companies, Enterprise Holdings and Triangle Rent A Car share many of the same values, including our customer service philosophies," said Frank Colonna, president of Triangle Rent A Car.
"Given Enterprise’s vast resources and strong focus on putting the customer first, I’m confident that our loyal customers, employees and business partners are in good hands with Enterprise."
Enterprise said it plans to retain all 300 Triangle employees
Triangle has a fleet of about 4.500 vehicles and started with just seven cars from an office located behind an abandoned gas station in 1979.
"This acquisition is an opportunity to provide even better service to our customers in the Southeast, where the demand for reliable, cost-effective transportation solutions continues to grow," said Brice Adamson, senior vice president at Enterprise Holdings
Enterprsie Holdings’ current brands include Enterprise Rent-A-Car, National Car Rental, Alamo Rent a Car and Enterprise CarShare.
