Target: Donlen Corporation
Transaction Type: Buy-side Advisory
Industries: Leasing, rental, and trucking
Geography: New Jersey, USA


Seale & Associates was retained by The Hertz Corporation to evaluate and execute on fleet leasing acquisition opportunities, ultimately advising on the acquisition of Donlen Corporation, a leading provider of vehicle fleet leasing and management services.

Seale & Associates’ Approach

Seale professionals completed comprehensive research on the U.S. fleet management and leasing market, helped Hertz refine its acquisition growth strategy and prioritize potential acquisition targets. Throughout the process, Seale assisted Hertz with the diligence and articulation of the acquisition strategy and the formal request for approval from the Hertz leadership team and Board of Directors.


Hertz successfully completed the acquisition of Donlen Corporation, its largest acquisition in company history prior to the Dollar Thrifty acquisition. The acquisition of Donlen and its leadership position in long-term car and truck leasing and fleet management expanded Hertz’s portfolio of transportation solutions. Donlen remains a high performing unit of Hertz.