Hospitality & Travel

Hertz

Carlyle Group, Clayton Dubilier & Rice, and Merrill Lynch PE took Hertz private from Ford for $15B in 2005. The highly leveraged deal contributed to Hertz's 2020 bankruptcy — one of the largest in U.S. history — with $19B in debt. Emerged from bankruptcy in 2021.

FOUNDED
1918
ACQUIRED
The Carlyle Group, 2005, $15B

Editorial Record

maintained by DeathbyPE. Every claim links to a public source.

Timeline

1918

Hertz founded

2005

Acquired by The Carlyle Group for $15B

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