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Ryder Completes Acquisition of Acquires Dallas Service Center Truck Repair Facility
Thursday 12 October 2017

12 October 2017 - Florida, US-based fleet management solutions provider Ryder System, Inc. (NYSE: R) has finalised the acquisition of Texas, US-based truck repair facility Dallas Service Center, Inc., to expand fleet maintenance network, the company said.

Terms of the transaction were not disclosed.

The acquisition is expected to be accretive to earnings in 2017. Ryder anticipates additional earnings in future years due to implementation of best practices leading to synergies, as well as improved productivity and safety as part of the Ryder network.

Ryder said it intends to operate the business under the name Ryder Dallas Service Center, maintaining its current service offering and areas of focus. Ryder intends to retain the existing workforce of approximately 50 employees.

Ryder plans o operate the business as a key part of its west region, expanding the capacity of its existing maintenance network, while adding new services in the area of body repair work.

Ryder is a commercial fleet management, dedicated transportation and supply chain solutions company.
Details
Date Published: 12/10/2017
Target: Dallas Service Center
Country: USA
Sector: Road Transport/Freight Transport
Type: Corporate acquisition
Financing:
Status: Closed
Vendor:
Buyer: Ryder System
Comment:
Terms of the deal were not disclosed

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