Hertz acquires used car dealer

Clayton, Dubilier & Rice (CD&R), which owns car rental chain Hertz, is going to acquire used car dea

Hertz disposes of its used rental cars through BCA whenever it upgrades its fleet.

According to the company, the new acquisition will enable CD&R to gain a foothold in the used vehicle remarketing services as well as expand its business in the UK and Europe.

BCA currently operates in 12 countries and generates gross auction proceeds of around £4bn a year.

Jon Olsen, CEO of BCA, said that the acquisition would convince BCA customers that the senior management of the company is committed to staying with the business.