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Divestitures are never easy. Standing up a separate company without disrupting ongoing operations, in either the new entity or the parent, is a major challenge in any circumstance. It’s even more complex to accomplish when the newly formed company will have more than $1 billion in revenue and nearly 5,000 employees. That was exactly the challenge the management team undertook when Herc Rentals spun off from The Hertz Corporation in 2016.

Meg Waters

Meg Waters is the editor in chief of Treasury & Risk. She is the former editor in chief of BPM Magazine and the former managing editor of Business Finance.

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