© 2024 St. Louis Public Radio
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Other

Enterprise to buy rival car rental company

By AP/KWMU

St. Louis – Enterprise Rent-A-Car announced Friday that it plans to purchase Vanguard Car Rental Group.

St. Louis-based Enterprise is the largest American rental car company.

Most of the company's branches are located in neighborhoods or commercial strips.

Purchasing Vanguard will help Enterprise gain access to the airport car rental business.

Vanguard operates under the Alamo and National brands in airports across the country.

The deal still must be approved by antitrust regulators.

Enterprise and Vanguard are both privately owned and did not release financial details of the purchase.

Other