Are you interested in knowing whether Cruise America is a private company or not? Well, the answer is yes! Cruise America is a private company that specializes in renting recreational vehicles (RVs) across the United States and Canada.
What is Cruise America?
Cruise America was founded in 1972 and has since then become one of the largest RV rental companies in North America. The company operates from its headquarters located in Mesa, Arizona, and has more than 130 rental locations across the United States and Canada.
Is Cruise America a Public or Private Company?
Cruise America is a privately held company and does not have any publicly traded shares. The ownership of the company remains with its founders, Robert Smalley Sr. and his son, Robert Smalley Jr.
Advantages of Being a Private Company
Being a private company has several advantages for Cruise America. For example:
- No Pressure from Shareholders: As a privately held company, Cruise America does not have to worry about meeting shareholder expectations or facing pressure to increase profits.
- Flexibility: Private companies have greater flexibility when it comes to decision-making since they do not have to answer to public shareholders or regulatory bodies.
- Privacy: Private companies can keep their financial information private since they are not required to file regular reports with regulatory bodies like public companies.
Cruise America’s Business Model
Cruise America’s business model revolves around renting RVs to customers who are looking for an adventurous way of traveling across North America. The company offers several types of RVs ranging from small campervans to large motorhomes that can accommodate up to seven people.
Customers can book their RVs online or by visiting one of Cruise America’s rental locations. The company provides customers with all the necessary information about the RV and its features before they hit the road.
Conclusion
In conclusion, Cruise America is a privately held company that specializes in renting RVs across North America. Being a private company has several advantages for Cruise America and allows it to maintain its flexibility and privacy, making it an excellent option for those looking for an adventurous way of exploring the continent.