Enterprise Rent-A-Car to buy Vanguard

St. Louis-based Enterprise Rent-A-Car has entered into an agreement to purchase Tulsa-based Vanguard Car Rental Group Inc.
This transaction between two privately held companies is expected to close in the third or fourth quarter of 2007.
Enterprise’s primary strength lies in the in-town and insurance replacement segments of the industry. Vanguard operates the National Car Rental and Alamo Rent A Car brands, which serve the airport segment of the market.
Terms of the transaction were not disclosed.

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