SOURCE: The Hertz Corporation

The Hertz Corporation

November 15, 2010 16:25 ET

Hertz Equipment Rental Expands Into Hawaii With the Acquisition of Western Machinery

Hertz Continues Acquisition Strategy to Boost Revenue Growth

PARK RIDGE, NJ--(Marketwire - November 15, 2010) - Hertz Global Holdings, Inc. (NYSE: HTZ) announced that Hertz Equipment Rental Corporation (HERC) has acquired Western Machinery, a leading equipment rental company in Hawaii. 

"We're excited to have acquired Western Machinery as this marks Hertz Equipment Rental's first foray into the Hawaiian market," commented Mark P. Frissora, Chairman and Chief Executive Officer, The Hertz Corporation. "The Hawaiian construction market is estimated to be a $3.4 billion market. By acquiring Western Machinery, Hertz will be able to introduce new product lines, including aerial, pump, power and general rental while tapping into opportunities in the industrial and entertainment services sector."

Founded in 1985 and headquartered in Kapolei, Oahu, Western Machinery has locations on the islands of Oahu, Hawaii and Maui. With a predominately commercial customer base, Western Machinery also offers material and earth moving equipment to customers in the Industrial and Government sectors. In addition to equipment rental, the company is also an equipment dealer for Gradall, JLG, Bobcat, Liebherr, Linkbelt and Allied Hammers and provides parts and service support to its customers.

Hertz Equipment Rental Corporation -- a wholly owned subsidiary of The Hertz Corporation since 1965 -- operates one of the world's largest equipment rental businesses, offering a diverse line of equipment and tools for rent and sale. Products include aerial manlifts, air compressors and tools, earthmoving equipment and power generators, forklifts and material handling equipment, pumps, and trucks and trailers. Hertz Equipment also offers custom programs and equipment through its specialty service groups; Industrial Plant Services, Pump and Power Services, Aerial Services and Government Services. With approximately 325 locations in the United States, Canada, China and Europe, Hertz Equipment Rental offers daily, weekly, monthly and long-term rentals, tools and supplies, as well as new and used equipment for sale

The Hertz Corporation is the world's largest general use car rental brand, operating from approximately 8,600 locations in 146 countries worldwide. Hertz is the number one airport car rental brand in the U.S. and at 81 major airports in Europe, operating both corporate and licensee locations in cities and airports in North America, Europe, Latin America, Asia, Australia and New Zealand. In addition, the Company has licensee locations in cities and airports in Africa and the Middle East. Product and service initiatives such as Hertz #1 Club Gold®, NeverLost® customized, onboard navigation systems, SIRIUS XM Satellite Radio, and unique cars and SUVs offered through the company's Prestige, Fun and Green Collections, set Hertz apart from the competition.

For more information about Hertz Equipment, visit the company online at www.hertzequip.com