SOURCE: The Hertz Corporation
PARK RIDGE, NJ--(Marketwire - Jun 27, 2011) - Hertz Global Holdings, Inc. (NYSE: HTZ) announced that Hertz Equipment Rental Corporation (HERC) has acquired WGI Rentals, headquartered in Williston, ND.
"We're excited to be expanding our Equipment Rental business into the North Dakota marketplace," commented Hertz President, Mark P. Frissora. "With its experience in providing equipment to the emerging Petro-Chemical market in North Dakota, WGI enables Hertz to bring its industrial service expertise into a new region while enabling Hertz to tap into the growth of North Dakota's Oil and Gas industry."
By acquiring WGI Rentals Hertz continues its strategy of expanding into the Oil and Gas marketplace in North America. Hertz Equipment Rental specializes in supporting the Industrial markets with 24/7 service that includes rental of trucks, material handling and aerial equipment, as well as power and industrial pumping products. The Bakken Shale Oil formation in North Dakota is a key market supporting the demands for US energy. This acquisition allows Hertz to further penetrate the exploratory drilling activity in and around the Bakken Shale which is a significant market for conventional and unconventional drilling activities.
Founded and headquartered in Williston, ND, WGI Rentals has been servicing the local community and Bakken Shale service contractors since 2007.
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 8,500 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.