Hertz Chief Frissora Seeking More Equipment Rental Deals

Hertz Global Holdings Inc. may buy up to eight equipment rental businesses this year to help minimize the company's reliance on its main car lease business, Chief Executive Officer Mark Frissora said.

Park Ridge, NJ-based Hertz is looking at equipment renters for oil and gas exploration, pump and power generation and entertainment industries, which have different cycles than auto rentals, Frissora said.

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