M&A Deal Summary

Ryder System Acquires BIT Leasing

On April 5, 2011, Ryder System acquired transportation company BIT Leasing

Acquisition Highlights
  • This is Ryder System’s 15th transaction in the Transportation sector.
  • This is Ryder System’s 12th transaction in the United States.
  • This is Ryder System’s 3rd transaction in California.

M&A Deal Summary
Date 2011-04-05
Target BIT Leasing
Sector Transportation
Buyer(s) Ryder System
Deal Type Add-on Acquisition

Target

BIT Leasing

Hayward, California, United States
BIT Leasing, Inc. is a full service truck leasing and fleet services company.

Search 202,137 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 16 of 27
Sector (Transportation) 15 of 19
Type (Add-on Acquisition) 14 of 25
State (California) 3 of 5
Country (United States) 12 of 21
Year (2011) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 The Scully Companies

Fontana, California, United States

The Scully Companies, Inc. is a provider of full service lease, contract maintenance, commercial rental and dedicated contract carriage solutions primarily serving the western United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-08 Hill Hire

Bradford, United Kingdom

Hill Hire provides contract hire (full service lease), commercial vehicle rental and maintenance services. In addition to its comprehensive power vehicle range, Hill Hire provides ancillary equipment, including a large trailer fleet.

Buy £154M
Mergr

Product

Company

Legal