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Turner Construction awarded contract for Hertz Corps. new headquarters

Sep, 20 2013



The Hertz Corporation (NYSE: HTZ), announced today that Turner Construction Company has been selected to build the Hertz worldwide headquarters facility in Estero, Florida. Hertz expects to break ground later this year and complete construction in 2015.

"Turner Construction Company has been building in Florida for 105 years, employs over 250 employees in the state, and completes an average of $400 million of Florida projects annually. Turner also has an excellent track record of efficiency, timeliness and quality which made them the best choice to help Hertz establish a long term headquarters presence in Southwest Florida," said Todd Poste, Executive Vice President, Global Supply Chain and Fleet. "Additionally, Turner has awarded well over $100 million of business to small, minority and women owned sub-contractors in Florida over the past five years, which represents a strong commitment to these important segments of the contracting market. Finally, Turner is a leader in sustainable construction, another important consideration in our decision," Poste added.

Hertz announced on May 7, 2013 that it would relocate its worldwide headquarters to Southwest Florida from Northern New Jersey. The company selected a site at the intersection of U.S. 41 and Williams Road in Estero Florida for the location of its new headquarters building. As of October 2013, Hertz will establish temporary headquarter operations in Naples, Florida, while the Estero building is under construction. The company has said it estimates that 400 headquarter jobs could be filled locally, with approximately 300 positions being filled by Hertz employees relocating to the Estero area.

About Hertz

Hertz Global Holdings, through its subsidiary The Hertz Corporation ("Hertz," the "Company" or "we"), operates its car rental business through the Hertz, Dollar and Thrifty brands from approximately 10,460 corporate, licensee and franchisee locations in North America, Europe, Latin America, Asia, Australia, Africa, the Middle East and New Zealand. Hertz is the largest worldwide airport general use car rental brand, operating from approximately 8,960 corporate and licensee locations in approximately 150 countries. Our Dollar and Thrifty brands have approximately 1,500 corporate and franchisee locations in 85 countries. Our Hertz brand name is one of the most recognized in the world, signifying leadership in quality rental services and products. We are one of the only car rental companies that has an extensive network of company?operated rental locations both in the United States and in all major European markets. We believe that we maintain the leading airport car rental brand market share, by overall reported revenues, in the United States and at 120 major airports in Europe where we have company?operated locations and where data regarding car rental concessionaire activity is available. We believe that we also maintain the second largest market share, by overall reported revenues, in the off-airport car rental market in the United States. In our equipment rental business segment, we rent equipment through approximately 340 branches in the United States, Canada, France, Spain, China and Saudi Arabia, as well as through our international licensees. We and our predecessors have been in the car rental business since 1918 and in the equipment rental business since 1965. We also own Donlen Corporation, based in Northbrook, Illinois, which is a leader in providing fleet leasing and management services.

About Turner

Turner Construction Company is the nation's largest general builder completing over $8.5 billion in construction volume annually. Founded in 1902, Turner completed its first project in Florida in 1908 and has served many Fortune 500 clients across the state such as Siemens, KPMG, Time Warner and many others. The nation's leading green builder for seven consecutive years, Turner has completed more than 325 projects that have earned LEED Certified, Silver, Gold and Platinum certification from the U.S. Green Building Council with another 450 under construction that are seeking LEED certification. Turner's 5,000 employees complete work on over 1,500 projects each year with a strong commitment to the utilization of Minority and Women Owned Business Enterprises (M/WBE). In Florida, Turner consistently awards more than 23% of their $400 million annual revenue to M/WBE subcontractors and vendors in an effort to help grow local and developing businesses.


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