Donlen

Last updated
Donlen
Company type Public
Industry Fleet leasing
Fleet management
Founded1965;60 years ago (1965)
FounderDonald Rappeport
Leonard Vine
Headquarters,
U.S.
ServicesLease Financing, Vehicle Acquisition, Vehicle License & Titling, Vehicle Remarketing, Truck Upfitting, Driver Compliance
Number of employees
300
Parent Athene Holding [1]
Website www.wheels.com

Donlen LLC was an American fleet leasing and management company headquartered in Bannockburn, Illinois, a suburb of Chicago. The company provided consultation, maintenance, and outsourcing services for corporate vehicle fleets. In 2021, Donlen was acquired by Athene Holding Ltd. In 2023, Donlen LLC, Wheels Inc. and LeasePlan USA merged under the name Wheels. The consolidated organization became one of the largest fleet management companies in North America, managing over 900,000 vehicles and serving clients in 58 countries through its Ayvens alliance.

Contents

History

Donlen Corporation was founded in 1965 by Donald Rappeport and Leonard Vine. In September 2011 the company was acquired by Hertz Global Holdings, Inc for $250 million in cash and the assumption of $770 million in Donlen fleet debt and operated as a subsidiary of the Hertz Corporation. [2] On March 30, 2021, Hertz completed a sale of the business to Athene Holding. [3]

In December 2022, Donlen, Wheels, and LeasePlan USA combined under Athene to create one of the largest fleet management businesses in North America. [4] On February 28, 2023, the combined entity officially began operating as Wheels. As part of this rebranding, the Donlen website now redirects to wheels.com, reflecting the integrated operations and unified brand. [5]

Business overview

Donlen, now operating under the Wheels brand, specializes in managing and consulting on commercial vehicle fleets, including cars, vans, and trucks. Core services include lease financing, vehicle acquisition, vehicle registration, vehicle remarketing, truck upfitting, and driver compliance. Wheels continues to provide these services across a combined fleet of over 800,000 vehicles.[ citation needed ]

Wheels overview

Wheels (now encompassing Wheels, Donlen and LeasePlan USA) is one of the largest fleet management companies in North America. Headquartered in Des Plaines, Illinois, Wheels manages comprehensive fleet services, including vehicle acquisition, leasing, telematics, maintenance, and driver support.

Partnerships

Donlen had a history of environmental partnerships, including a strategic alliance with the EDF to help commercial and municipal vehicle fleets monitor and reduce carbon emissions. [6] In addition, Donlen partnered with the EPA's SmartWay Program to display Smartway Vehicle Certifications on qualifying vehicles to help drivers and fleet managers choose environmentally responsible options. [7]

These partnerships continue under the Wheels brand.

References

  1. "Company Information".
  2. "Hertz Completes Acquisition of Donlen Corporation". PR Newswire. 1 September 2011. Retrieved 3 January 2013.
  3. "HERTZ GLOBAL HOLDINGS COMPLETES SALE OF FLEET MANAGEMENT LEADER DONLEN CORPORATION TO ATHENE HOLDING" (PDF). Athene Holding. 30 March 2021. Retrieved 17 April 2021.
  4. "LeasePlan USA and Wheels Donlen Complete Combination to Create Corporate Mobility Solutions". PR Newswire. 1 December 2022.
  5. "Wheels, Donlen and LeasePlan Unite Under Wheels Brand Name". PR Newswire. 28 February 2023.
  6. "Donlen Partners with the Sierra Club". 26 September 2007.
  7. "EPA Smartway Where We Work - Region 5". Archived from the original on October 6, 2008.