Cruise America Explained

Cruise America is an American Employee Owned (ESOP) recreational vehicle rental and sales company based in Mesa, Arizona. The company was founded in 1972 and was publicly traded in the American Stock Exchange under the ticker “RVR” until 1997.[1] It then merged with Budget Group. Budget sold the company to its founders and management in 2000.[2] In 2014 the company became an ESOP. It operates 132 locations across North America.[3] Cruise America holds a 52% market-share in US recreational vehicles rental operations market. [4]

Notes and References

  1. Web site: SECInfo.com .
  2. Web site: COMPANY NEWS; BUDGET SAYS IT WILL SELL 2 UNITS AND FOCUS ON RENTALS (Published 2000) . . https://web.archive.org/web/20230205080229/https://www.nytimes.com/2000/07/28/business/company-news-budget-says-it-will-sell-2-units-and-focus-on-rentals.html . 2023-02-05 . live .
  3. http://www.cruiseamerica.com/ Cruise America RV Rentals and Sales – The Official Site
  4. News: Morrison. Tina. Tourism Holdings to buy El Monte US campervan business for US$65.3 million. 21 December 2016. New Zealand Herald. 21 December 2016.

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