Home » NEWS » Bankrupt Simply Wheelz ceases operations at 30 locations

Bankrupt Simply Wheelz ceases operations at 30 locations

RIDGELAND — Franchise Services of North America Inc.’s (FSNA’s) wholly owned subsidiary, Simply Wheelz, LLC, which does business as Advantage Rent a Car, has ceased operations at 30 Advantage locations.

Advantage has reached an agreement with Dollar Rent A Car whereby Dollar Rent A Car will provide car rental services to those customers who hold active Advantage reservations at all closed locations.

The decision to cease operations at certain Advantage locations was made in connection with the previously announced proposed sale of Advantage assets to The Catalyst Capital Group Inc. (on behalf of one or more funds managed by it) as the prevailing purchaser in the auction of certain Advantage assets as part of the Simply Wheelz insolvency proceedings, as approved by the United States Bankruptcy Court for the Southern District of Mississippi.

Simply Wheelz says it hopes to complete its sale to Catalyst in the first quarter of 2014. However, the company will need to complete a number of procedural matters and arrangements with third parties before this sale can be consummated. One such matter involves a careful internal review of the 70 operating locations across the United States.



… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *