Atkins Kroll acquires Avis, Budget and Payless Rent a Car
By Pacific Island Times News Staff
Atkins Kroll Inc., an Inchcape Company, today announced its acquisition of Avis Rent a Car, Budget Rent a Car, and Payless Rent a Car across six islands in Micronesia from Premiere Alliance Corporation.
This acquisition is part of Atkins Kroll’s Accelerate Strategy designed to maximize significant opportunities as the industry navigates unique changes.
This is the company’s second recent acquisition since purchasing the commercial vehicle and heavy equipment dealership Morrico Equipment in December 2021.
“The acquisition of these three iconic rental car brands is a milestone for Atkins Kroll as it marks a major step forward in our strategy by considerably strengthening our position in the region," said Alex Hammett, Inchcape managing director for Asia Developing Markets.
"Expanding our car rental footprint and running multi-branded companies will help to enhance the underlying value of Atkins Kroll, as well as providing exciting opportunities for our partners and employees," he added.
Premiere Alliance Corp. has multiple Avis, Budget and Payless Rent a Car locations in Micronesia including Guam, Saipan, Tinian, Rota, Pohnpei and Palau, all of which include airport kiosks.
“Premiere Alliance Corporation has served our islands for 25 years,” said Cathy Mateo, the company's president. “I am very thankful to our employees who were integral to the success of our operations. I am also grateful to the many customers we’ve had the privilege to serve. Atkins Kroll is a great organization, and I am confident they’ll take great care of our people and the brands."