Practical Car and Van Rental has been sold, according to a report on the Business Car website.
The website reported that Practical, which has 136 UK hire outlets and a total of 3,000 vehicles, has been purchased by a UK firm called Tudor Holdings, which also owns a Kent and Sussex-based firm called Kent Auto Panels, a car dealership group.
The deal is the second sales of a large independent vehicle hire group to be announced this week — on Wednesday, I reported on the sale of Burnt Tree Commercial Vehicle Rental to Enterprise, a deal that will create a combined fleet of more than 25,000 commercial vehicles.
In both cases, the amounts paid for the acquisitions have not been disclosed, as both deals were between two privately-held companies.