December 21, 2014 8:02 PM ET

Road and Rail

Company Overview of Simply Wheelz LLC

Company Overview

Simply Wheelz LLC, doing business as Advantage Rent A Car, is a holding company which through its subsidiaries offers cars on rent. The company was founded in 1963 and is based in Ridgeland, Mississippi. Simply Wheelz LLC operates as a subsidiary of Franchise Services of North America, Inc.

1052 Highland Colony Parkway

Suite 204

Ridgeland, MS 39157

United States

Founded in 1963

Phone:

601-709-5123

Fax:

601-713-4384

Key Executives for Simply Wheelz LLC

Chief Executive Officer
Executive Chairman
Age: 39
Compensation as of Fiscal Year 2014.

Simply Wheelz LLC Key Developments

Simply Wheelz LLC Determines to Cease Operations at 30 Advantage Locations

Franchise Services of North America Inc. announced that the company's Simply Wheelz LLC has determined to cease operations at 30 Advantage locations effective January 24, 2014. The decision to cease operations at certain Advantage locations was made in connection with the previously announced proposed sale of Advantage assets to The Catalyst Capital Group Inc.

Catalyst Selected As Prevailing Bidder For Simply Wheelz's Assets

Franchise Services of North America, Inc. (TSXV:FSN) announced that Simply Wheelz LLC has selected The Catalyst Group, Inc. (on behalf of one or more funds managed by it) as the prevailing bidder in the auction of certain of the Advantage assets conducted in accordance with bidding procedures approved by the United States Bankruptcy Court for the Southern District of Mississippi as part of the Simply Wheelz insolvency proceedings. Sixt SE was designated as the back-up bidder under the Bid Procedures in the event that Simply Wheelz is not able to complete the sale transaction with Catalyst within the specified period of time. Simply Wheelz has requested the bankruptcy court to declare that Catalyst as the prevailing purchaser of the assets to be sold at a hearing on December 17, 2013. Simply Wheelz hopes to complete its sale to Catalyst in the first quarter of 2014.

Franchise Services of North America Inc. Announces Worldwide Partnership Between Advantage Rent A Car and Europcar

Franchise Services of North America Inc. announced that Advantage Rent a Car has formed a worldwide partnership with Europcar. This strategic alliance will allow Advantage to receive and service reservations for Europcar in the U.S. and will allow Europcar to receive and service reservations for Advantage at their locations globally. The agreement affords significant global expansion and brand awareness of the Advantage brand and allows further growth of the Europcar brand in the U.S.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 2, 2014
Simply Wheelz LLC, 10 United States Airport Concession Agreements
Merger/Acquisition
April 2, 2014
Simply Wheelz LLC, 9 United States Airport Concession Agreements
 

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