Acquiring Company
Ryder System
Acquired Company
Pit Stop Fleet Service
Coral GablesVeniceTransportationLogisticsAutomotiveFleet ManagementDescription
Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions, has entered into a definitive agreement to acquire Pit Stop Fleet Service. This acquisition will further strengthen Ryder’s Torque by Ryder™ retail mobile maintenance business offering and accelerate growth of this product solution. The transaction is expected to add approximately $24 million in gross revenue to Ryder’s Torque by Ryder™ business in 2025 and provide incremental growth to Ryder’s earnings while creating synergies and benefiting both Ryder and Pit Stop customers.
Quick answer
Ryder System is acquiring Pit Stop Fleet Service, announced July 15, 2024. Ryder System is based in Coral Gables, Florida, United States.
- How much did Ryder System pay for Pit Stop Fleet Service?
- The deal value was not disclosed.
- What does Ryder System do?
- Ryder System, Inc. is a global logistics and transportation company founded in 1933 in Miami, Florida.
- Where are Ryder System and Pit Stop Fleet Service based?
- Ryder System is based in Coral Gables, Florida, United States. Pit Stop Fleet Service is based in Venice, Florida, United States.
- Who are the decision-makers at Ryder System?
- Fundz holds 1 contact at Ryder System. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Ryder System, and when
When Ryder System changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Ryder System raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Ryder System, from your own LinkedIn network
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Frequently asked
Who acquired Pit Stop Fleet Service?
Pit Stop Fleet Service was acquired by Ryder System, based in Coral Gables. The deal was reported on July 15, 2024. Ryder System, Inc. is a global logistics and transportation company founded in 1933 in Miami, Florida. Ryder System is publicly traded (R) and operates in Transportation.
When did Ryder System acquire Pit Stop Fleet Service?
Ryder System's acquisition of Pit Stop Fleet Service was reported on July 15, 2024. Ryder System, Inc., a leader in supply chain, dedicated transportation, and fleet management solutions, has entered into a definitive agreement to acquire Pit Stop Fleet Service. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Pit Stop Fleet Service do?
Pit Stop Fleet Service is based in Venice, Fla., offering retail mobile commercial fleet maintenance, including battery, tire, and transmission repairs, preventative maintenance, and breakdown assistance. It is privately held, operating in Automotive, and is based in Venice.
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