Add-on Acquisition • Transportation

Ryder System Acquires Ascent Logistics Pte.

On October 16, 2000, Ryder System acquired transportation company Ascent Logistics Pte.

Acquisition Context
  • This is Ryder System’s 2nd transaction in the Transportation sector.
  • This is Ryder System’s 1st transaction in Singapore.

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M&A Deal Summary

Date October 16, 2000
Target Ascent Logistics Pte.
Sector Transportation
Buyer(s) Ryder System
Deal Type Add-on Acquisition

Target Company

Ascent Logistics Pte.

Singapore, Singapore
Ascent Logistics Pte. Ltd. is a logistics and supply chain management services provider.
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Buyer Overview 1

Buyer

Ryder System

Coral Gables, Florida, United States

Category Company
Founded 1933
Sector Transportation
Employees50,700
Revenue 12.7B USD (2024)
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 Context for Buyer #
Overall 2 of 27
Sector: Transportation 2 of 19
Type: Add-on Acquisition 2 of 25
Country: Singapore 1 of 1
Year: 2000 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1994-04-12 Logicorp

West Bloomfield, Michigan, United States

Logicorp, Inc. is a provider of logistical services for national and international cargo transportation and storage.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-31 General Car & Truck Leasing System

Davenport, Iowa, United States

General Car & Truck Leasing System is a commercial truck leasing, maintenance and rental company.

Buy $105M