M&A Deal Summary

Ryder System Acquires Baton

On August 31, 2022, Ryder System acquired transportation company Baton

Acquisition Highlights
  • This is Ryder System’s 18th transaction in the Transportation sector.
  • This is Ryder System’s 18th transaction in the United States.
  • This is Ryder System’s 5th transaction in California.

M&A Deal Summary
Date 2022-08-31
Target Baton
Sector Transportation
Buyer(s) Ryder System
Deal Type Add-on Acquisition

Target

Baton

San Francisco, California, United States
Baton is a provider in the development of a proprietary logistics technology focused on optimizing transportation networks. Baton was founded in 2019 and is based in San Francisco, California.

Search 201,429 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Ryder System

Coral Gables, Florida, United States
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 24 of 27
Sector (Transportation) 18 of 19
Type (Add-on Acquisition) 22 of 25
State (California) 5 of 5
Country (United States) 18 of 21
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Ryder System - Trailer Leasing & Maintenance Business

Miami, Florida, United States

Trailer Leasing & Maintenance Business offers bumper-to-bumper maintenance even tires and brakes that are considered wear and tear equipment coverage on new and pre-owned trucks, tractors, and trailers. The industry’s only solution that gives you the ability to choose the truck lease you need with the built-in truck maintenance that fits your business.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-02 Dotcom Distribution

Edison, New Jersey, United States

Dotcom Distribution is a provider of omnichannel fulfillment and distribution services for high-growth retail and e-commerce brands specializing in health, beauty and cosmetics, and fashion and apparel. Dotcom Distribution was founded in 1999 and is based in Edison, New Jersey.

Buy -
Mergr

Product

Company

Legal