It has recently been announced that Enterprise Holdings has acquired non-profit car-sharing organization IGO CarSharing. This Chicago-based car-sharing service was first established back in 2002. Since then it has grown to over 15,000 members and has more than 200 locations all over Chicago. The terms of this new acquisition, which went down earlier this week, will not be disclosed to the public.
Ryan Johnson, Enterprise CarShare’s Assistant Vice President, said that his company has a lot of respect for IGO CarSharing. This respect is not just limited to what has been done in Chicago. It is also for the car-sharing market overall. Enterprise is extremely excited to take advantage of its Chicago operations to help IGO CarSharing grow even stronger. This brand new partnership marks the start of a great opportunity to help reinforce the car-sharing practices within one of the largest local car rental and car-sharing networks.
For locals who enjoy using the IGO CarSharing service, it is important to note that the company will continue to offer service under the same name. It will just now be part of the network set up under Enterprise CarShare.
The current Chief Executive Officer of IGO CarSharing, Sharon Feigon, said that the purchase of his company by Enterprise Holdings helps to validate the success that this car-sharing company has had. IGO CarSharing has succeeded in growing a very strong car-sharing market that helps locals save more money. The success that it has had helps to really demonstrate what the power of a good idea can achieve. The service that IGO CarSharing provides allows people to transform the way they live their daily lives and can help people save money.
Enterprise is a company that likes to take its time with acquisitions. Thus, this is not something that will happen overnight. Sharon Feigon will be working very closely with Jeff Wilder, who is the Vice President and General Manager of Enterprise’s Chicago operations, to ensure that this acquisition goes as smoothly as possible. On top of this, all of the current staff members at IGO CarSharing have been offered positions.
The Chief Executive Officer for the Center of Neighborhood Technology, Kathryn Tholin, said that her organization is extremely proud to have introduced the concept of car-sharing to Chicago. IGO CarSharing was started as a way to provide economical and sound transportation choices to people living in Chicago. One goal of this was to help reduce the car ownership rate in the city. By doing this, Chicago would see a decrease in urban congestion as well as an improvement in overall air quality.
Ryan Johnson added that Enterprise understands what is means to run a successful car rental operation in, what can only be described as, a highly competitive marketplace. Now, with Enterprise Holdings’ industry leadership, IGO CarSharing will be able to quickly increase its offering with a newer and larger fleet. It will be able to do this in a way that it can still retain all of its core values, which is something that Enterprise values. In turn, this will mean even greater levels of satisfaction among consumers.