Friday, July 31, 2015

PhillyCarShare in merger talks

Enterprise Rent-A-Car of St. Louis could buy the Philly-based nonprofit

PhillyCarShare in merger talks


Enterprise Rent-A-Car officials have been talking to nonprofit PhillyCarShare about a possible combination, people familiar with the talks told me.

Enterprise spokeswoman Laura T. Bryant and PhillyCarShare executive director Gerald Furgione declined to comment today on the status of discussions. 

Car share is a digitally-enabled, decentralized form of car rental that avoids using fixed offices, stationing cars in rented parking lots. It's marketed to city people who don't need to use a car every day, and employers who don't like the hassle of managing company car fleets.

Some of car share's leading players, including publicly-traded, for-profit Zipcar, whose local operation competes with PhillyCarShare, began as non-profits, but went to for-profit status when investors offered cash, hoping to cash in on the services' rapid growth, helped for-profit services buy more attractive cars and spend more on marketing.

Enterprise, like other for-profit car rental services, is trying to build its own car-sharing program, WeCar. The company is based in St. Louis.

We encourage respectful comments but reserve the right to delete anything that doesn't contribute to an engaging dialogue.
Help us moderate this thread by flagging comments that violate our guidelines.

Comment policy: comments are intended to be civil, friendly conversations. Please treat other participants with respect and in a way that you would want to be treated. You are responsible for what you say. And please, stay on topic. If you see an objectionable post, please report it to us using the "Report Abuse" option.

Please note that comments are monitored by staff. We reserve the right at all times to remove any information or materials that are unlawful, threatening, abusive, libelous, defamatory, obscene, vulgar, pornographic, profane, indecent or otherwise objectionable. Personal attacks, especially on other participants, are not permitted. We reserve the right to permanently block any user who violates these terms and conditions.

Additionally comments that are long, have multiple paragraph breaks, include code, or include hyperlinks may not be posted.

Read 0 comments
comments powered by Disqus
About this blog

PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at,, 215.854.5194 or 302.652.2004.

Reach Joseph N. at or 215 854 5194.

Joseph N. DiStefano
Also on
letter icon Newsletter