Wheels & Donlen merge, form new company
CARY, N.C. – Consolidation has been a big theme in the auto industry this year, and a move announced Thursday involved the fleet/lease space. The combination of Wheels, Inc., and Donlen, LLC has closed, announced Athene Holding Ltd., a financial services company that is the lead investor in the transaction. Athene had previously purchased Donlen from Hertz Global Holdings for $891 million, a deal that closed in the first quarter. The chief executive officer of the combined entity will be Shlomo Crandus, currently the chief financial officer of Wheels. “Today’s announcement… Read More »Wheels & Donlen merge, form new company