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car rentals at orlando airport
Phoenix-based car rental operation was the largest U.S. licensee of the National and Alamo brands

ST. LOUIS - The Taylor Family of St. Louis, which owns the National Car Rental and Alamo Rent A Car businesses, has purchased Steward Ventures, Inc., headquartered in Phoenix, privately owned Steward Ventures was the largest U.S. licensee of the National and Alamo brands in terms of revenue and fleet size. Financial terms of the transaction were not disclosed.

Steward Ventures operated at four airport rental locations: Phoenix Sky Harbor Airport, Scottsdale Municipal Airport, Phoenix-Mesa Gateway Airport and Mesa Falcon Field. It also operates four other locations throughout the Phoenix metropolitan area - the third largest car market in the United States. The company was founded in 1946 and employs around 300 staff.

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"We are very proud of our successful experience and our long-standing commitment to the customers'," said Charles Aton, President and Chief Executive Officer of Steward Ventures. "We are confident that this is the right step at the right time for our customers, our employees and our business. "

Greg Stubblefield, president of the National Car Rental and Alamo Rent A Car, said: "After more than 60 years in the car rental business, Steward Ventures is a passionate industry leader - something that we all work together at national, Alamo and Enterprise. So we are pleased to welcome Steward Ventures' employees and customers, and we look forward to continuing to the growing car market in this region. "

The acquisition, under the Hart-Scott-Rodino Anti-Trust Improvements Act, closed Feb. 11th Michael G. Rollins is still in his role as Vice President and General Manager and helps to monitor the transition. Steward was the twelfth licensee to be purchased since the Taylors acquired the National Car Rental and Alamo Rent A Car Company on 1 August 2007.

Steward was also the second National and Alamo licensee to be acquired by the Taylor family in this month. On Feb. 8, the Taylors acquired Eatman Leasing, a licensee which operated in Wilmington, Jacksonville, Newbern and Rocky Mount, NC

"The strong, the operations as steward and Eatman more fully into the Taylor family of companies is truly a win-win," said Stubblefield. "It expands opportunities for employees and helps us deliver an even more consistent quality of services for our National and Alamo customers. "

About National Car Rental and Alamo Rent A Car

The Taylor family of St. Louis owns and operates National Car Rental and Alamo Rent A Car, internationally recognized brands with locations in the United States, Canada, Mexico, the Caribbean, Latin America, Asia and the Pacific. The Taylors have also owns and operates Enterprise Rent-A-Car, North America's largest car rental company, since 1957.

Together, the National, Alamo and Enterprise companies with a worldwide network of more than 8,000 neighborhood and airport car rental locations, the most comprehensive car rental service provider industry - unparalleled in size, strength and stability. For more information about National, visit www.nationalcar.com. For more information about Alamo, including the best-price guarantee, see www.alamo.com.

Copyright 2008 Business Wire
Copyright 2008 Gale, Cengage Learning