Enterprise Rent-A-Car plans to purchase Vanguard

[ricecake]

Tulsa (AP) - Enterprise Rent-A-Car announces today that it plans to purchase Vanguard Car Rental Group.

St. Louis-based Enterprise is the largest U-S rental car company.

Most of the company's branches are located in neighborhoods or commercial strips.

Purchasing Vanguard will help Enterprise gain access to the airport car rental business.

Tulsa-based Vanguard operates under the Alamo and National brands in airports across the country.

The deal still must be approved by antitrust regulators.

Enterprise and Vanguard are both privately owned and did not release financial details of the purchase.

[sgrizzle]

What does this do to the vanguard & dollar-thrifty deal?

Would they consider moving the HQ to tulsa is 4/5ths of their brands are based here?

[TulsaSooner]

If it goes like every other Tulsa-based business deal, they'll be moving to St Louis.

Hopefully not, just seems we get the short end WAY more often than not.

[inteller]

quote:Originally posted by TulsaSooner

If it goes like every other Tulsa-based business deal, they'll be moving to St Louis.

Hopefully not, just seems we get the short end WAY more often than not.

i thought enterprise was hqd in okc.  did they move to st louis recently?

[swake]

quote:Originally posted by inteller

quote:Originally posted by TulsaSooner

If it goes like every other Tulsa-based business deal, they'll be moving to St Louis.

Hopefully not, just seems we get the short end WAY more often than not.

i thought enterprise was hqd in okc.  did they move to st louis recently?

Hertz has an operations office in OKC

[TulsaSooner]

All of the articles I've read state that Enterprise is based in St Louis.

http://www.tulsaworld.com/news/article.aspx?articleID=070331_1_A1_hEnte78485

[Cubs]

This article says they still haven't decided where the HQ will be.

http://www.reuters.com/article/mergersNews/idUSN3035039520070330

[Cubs]

It'll be fun to see what Kathy Taylor has to say about this one .... that is if she says anything at all.

[TheArtist]

Any relation between Enterprise owner, Andrew C Taylor and Cathy Taylor?

[inteller]

quote:Originally posted by Cubs

It'll be fun to see what Kathy Taylor has to say about this one .... that is if she says anything at all.

how ironic, Enterprise is run by a Taylor.

[RecycleMichael]

I have a golf club made by Taylor...I love Elizabeth Taylor...my favorite sheriff on TV was a Taylor...

It is not that ironic.

[DM]

quote:Originally posted by Cubs

It'll be fun to see what Kathy Taylor has to say about this one .... that is if she says anything at all.

I dont really expect any statement or anything from her. Until we find out where the HQ will be and how many Tulsa jobs may be lost, why would she say anything? This has nothing to do with her.

[DM]

quote:Originally posted by ricecake

quote:...why would she say anything? This has nothing to do with her.

Except that her husband is president & CEO of Vanguard. Her family will benefit while a Tulsa-based corporate HQ leaves town.

But that has nothing to do with her being mayor. I would not expect the CEO's wife/husband of Citgo or any other company to give a statement when they left Tulsa. Unless she promised those jobs for Tulsa when she was running for mayor, I dont see that this has anything to do with her specifically.

[cannon_fodder]

Well here is a BIG FAT "I told ya so" to all the people that were complaining about the proposed in-town merger of Dollar and Vangaurd.

I would also like to point out to the power that be, that in St. Louis it would just be another office, but in Tulsa the HQ would be a valued member of the corporate community.  Yep, choose Tulsa (damnit).

[TheArtist]

Yea I may just have to go back and look and see who all was complaining about the possible Vanguard Dollar merger and how it may be that some jobs would be lost.  I kept saying how it would actually be a good competitive move for the combined company. I would have been far less likely that Enterprise could have bought up a Vanguard Dollar combined company because of antitrust/ monopoly considerations. Its eat or get eaten in the business world.   If they pull the Vanguard headquarters out of Tulsa that will be far far worse than Vanguard and Dollar merging.

What scares me to think of is if BOK gets bought out by a larger bank. They are getting large enough and successful enough to be eyed by the really big fish. They are one of the few "comparatively big for Tulsa" corporate headquarters doing well here. If the were ever to get yanked out to NY or Seattle that would hurt.