M&A Deal Summary

Ryder System Acquires MXD Group

On April 3, 2018, Ryder System acquired transportation company MXD Group from Platinum Equity for 120M USD

Acquisition Highlights
  • This is Ryder System’s 16th transaction in the Transportation sector.
  • This is Ryder System’s 5th largest (disclosed) transaction.
  • This is Ryder System’s 14th transaction in the United States.
  • This is Ryder System’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-04-03
Target MXD Group
Sector Transportation
Buyer(s) Ryder System
Sellers(s) Platinum Equity
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

MXD Group

Westerville, Ohio, United States
website
MXD Group, Inc. provides logistics services for home delivery and retail replenishment in the United States and Canada.

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Buyer(S) 1

Buyer

Ryder System

Coral Gables, Florida, United States

website


Category Company
Founded 1933
Sector Transportation
Employees47,500
Revenue 11.8B USD (2023)
DESCRIPTION
Entrance to Ryder System's corporate headquarters in Miami, Florida.
Entrance to Ryder System's corporate headquarters in Miami, Florida.

Ryder System is a provider of commercial fleet management and supply chain solutions. Ryder operates in two business segments: Fleet Management Solutions (FMS), which provides full-service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the U.S., Canada and the U.K.; and Supply Chain Solutions (SCS), which provides comprehensive supply chain solutions including distribution and transportation services in North America and Asia. The SCS segment also provides dedicated services, which includes vehicles and drivers as part of a dedicated transportation solution in the U.S. Ryder's customers range from small businesses to large international enterprises. Ryder System was founded in 1933 and is based in Coral Gables, Florida.


DEAL STATS #
Overall 20 of 27
Sector (Transportation) 16 of 19
Type (Add-on Acquisition) 18 of 25
State (Ohio) 1 of 1
Country (United States) 14 of 21
Year (2018) 1 of 2
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-11 Dallas Service Center

Dallas, Texas, United States

Dallas Service Center, Inc. (DSC Truck Services) is an independent truck repair facility located in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Metro Truck & Tractor Leasing

Beltsville, Maryland, United States

Metro Truck & Tractor Leasing, Inc. is a provider of truck leasing, rental, and maintenance services to more than 150 customers with a fleet of approximately 900 units.

Buy -

Seller(S) 1

SELLER

Platinum Equity

Beverly Hills, California, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1995
PE ASSETS 48.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Platinum Equity's headquarters in Beverly Hills, California.
Platinum Equity's headquarters in Beverly Hills, California.

Platinum Equity is a private equity firm focused on acquiring divestitures of larger public companies primarily in North America and Europe. Historically, Platinum targeted technology/software related businesses, however, the firm has since branched out beyond tech and will consider acquisitions in a broad range of industries including chemicals, communications, logistics, healthcare, automotive, industrial products, and business services. Platinum Equity was formed in 1995 by Tom Gores and is based in Beverly Hills, California.


DEAL STATS #
Overall 51 of 77
Sector (Transportation) 5 of 6
Type (Add-on Acquisition) 29 of 39
State (Ohio) 4 of 6
Country (United States) 44 of 64
Year (2018) 2 of 9
Size (of disclosed) 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-01 Schutt Sports

Litchfield, Illinois, United States

Schutt Sports, Inc. is a manufacturer and provider of football, softball, baseball and basketball equipment to the youth, high school, college and professional markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-30 BlueCrest

Danbury, Connecticut, United States

BlueCrest is a global provider of inserting, sorting, and printing related equipment primarily for the transactional and direct mail industries. BlueCrest was formed in 2018 and is based in Danbury, Connecticut.

Buy $361M