Tuesday, July 9, 2019

Wayne Huizenga-- Part 5: Back to Waste Management and Then to Car Rentals and Sales


Wayne Huizenga sold Blockbuster to Viacom in 1994 for about $8 billion.

Still not satisfied to retire and live on all that money, in 1995, he got back into the trash hauling business by buying Republic Waste Industries Inc. for $27 million.Mergers and acquisitions soon followed.  He renamed the company Republic Industries as it branched out, buying Alamo Rent-A-Car and National Car Rental.

Republic, under Huizenga's leadership, then started AutoNation, a national chain of auto dealerships.  At its peak, it had 375 dealerships in 17 states.

Republic Services was spun off in 1998 to control the waste management portion of its portfolio, a sector that had grown to about $1 billion in annual sales.  he remained its chairman until 2002.

Quite a Man.  A Real American Success Story.  --Cooter

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