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  5. Ryder System Acquires Hill Hire

M&A Deal Summary

Ryder System Acquires Hill Hire

On June 8, 2011, Ryder System acquired business services company Hill Hire for 154M GBP

Acquisition Highlights
  • This is Ryder System’s 2nd transaction in the Business Services sector.
  • This is Ryder System’s largest (disclosed) transaction.
  • This is Ryder System’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2011-06-08
Target Hill Hire
Sector Business Services
Buyer(s) Ryder System
Deal Type Add-on Acquisition
Deal Value 154M GBP

Target

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.

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Buyer(S) 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 STATS #
Overall 17 of 27
Sector: Business Services M&A 2 of 4
Type: Add-on Acquisition M&A Deals 15 of 25
Country: United Kingdom M&A 1 of 2
Year: 2011 M&A 5 of 5
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-05 BIT Leasing

Hayward, California, United States

BIT Leasing, Inc. is a full service truck leasing and fleet services company.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Euroway Group

Wiltshire, United Kingdom

Euroway is a commercial truck leasing, maintenance and fleet management provider serving primarily the southern part of the UK. Euroway offers a high quality service with predetermined costs for the contract hire and leasing of commercial vehicles, including tractor units, trucks, trailers, and vans, as well as an innovative and market leading range of 24/7 fleet management programs under the FleetSure banner. Over the years, Euroway has grown appreciably through organic growth and acquisition and its current fleet of commercial vehicles and trailers now totals more than 1,400.

Buy -
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