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Donlen

From Wikipedia, the free encyclopedia

Donlen
Company typePublic
IndustryFleet leasing
Fleet management
Founded1965; 59 years ago (1965)
FounderDonald Rappeport
Leonard Vine
Headquarters
Bannockburn, Illinois
,
U.S.
ServicesLease Financing, Vehicle Acquisition, Vehicle License & Titling, Vehicle Remarketing, Truck Upfitting, Driver Compliance
Number of employees
300
ParentAthene Holding[1]
Websitewww.donlen.com

Donlen LLC is an American fleet leasing and management company headquartered in Bannockburn, Illinois, a suburb of Chicago. With offices throughout the U.S. and Canada, the company provides consultation, maintenance, and outsourcing for corporate vehicle fleets. Donlen currently has over 165,000 vehicles under lease and management with over 300 employees.

History

Donlen Corporation was founded in 1965 by Donald Rappeport and Leonard Vine. In September 2011 the company was acquired by Hertz Global Holdings, Inc for $250 million in cash and the assumption of $770 million in Donlen fleet debt and operated as a subsidiary of the Hertz Corporation.[2] On March 30, 2021, Hertz completed a sale of the business to Athene Holding.[3]

Business overview

Donlen is a fleet management provider focusing on the management and consultation of a company's commercial vehicle fleet, including cars, vans, and trucks. Donlen performs fleet management functions such as vehicle financing, vehicle acquisition, vehicle registration services, and vehicle re-marketing.

Partnerships

Donlen partnered with the EDF in a strategic alliance to enable commercial and municipal vehicle fleets to monitor and reduce their carbon emissions.[4] In addition, Donlen partnered with the EPA's SmartWay Program to display Smartway Vehicle Certifications on qualifying vehicles to help drivers and fleet managers choose the best performers.[5]

References

  1. ^ "Company Information".
  2. ^ "Hertz Completes Acquisition of Donlen Corporation". PR Newswire. 1 September 2011. Retrieved 3 January 2013.
  3. ^ "HERTZ GLOBAL HOLDINGS COMPLETES SALE OF FLEET MANAGEMENT LEADER DONLEN CORPORATION TO ATHENE HOLDING" (PDF). Athene Holding. 30 March 2021. Retrieved 17 April 2021.
  4. ^ "Donlen Partners with the Sierra Club". 26 September 2007.
  5. ^ "EPA Smartway Where We Work - Region 5".

External links

This page was last edited on 16 May 2023, at 18:48
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