The long-planned separation of Hertz Equipment Rental Corp. (HERC) from its parent firm, Hertz Global Holdings, is set to happen by the end of 2016’s second quarter, according to recent SEC filings.

“We’ve taken a number of actions this year to drive performance, and preparing the equipment rental business to operate as a stand-alone company is among the most significant,” said Hertz Global Holdings CEO John Tague.