Company:Donlen Corporation

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

Donlen Corporation 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. It now forms a subsidiary of the Hertz Corporation.[2] On March 30, 2021, Hertz completed a sale of Donlen Corporation to Athene Holding.[3]

Business overview

Donlen Corporation 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

External links