M&A Deal Summary

Ryder System Acquires Lily Transportation

On December 19, 2007, Ryder System acquired transportation company Lily Transportation

Acquisition Highlights
  • This is Ryder System’s 7th transaction in the Transportation sector.
  • This is Ryder System’s 5th transaction in the United States.
  • This is Ryder System’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2007-12-19
Target Lily Transportation
Sector Transportation
Buyer(s) Ryder System
Deal Type Add-on Acquisition

Target

Lily Transportation

Needham, Massachusetts, United States
Lily Transportation Corp. is a diversified transportation services company providing full service leasing, specialized Maintenance and dedicated distribution services to companies shipping products throughout the United States.

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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 7 of 27
Sector (Transportation) 7 of 19
Type (Add-on Acquisition) 6 of 25
State (Massachusetts) 1 of 1
Country (United States) 5 of 21
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-10 Pollock NationaLease

Strathroy, Ontario, Canada

Pollock NationaLease is a provider of full-maintenance leasing and rental of trucks and trailers to transportation, manufacturing, and service industries with a fleet of 2,000 trucks and trailers and locations serving Ontario from Windsor to Toronto and Moncton, New Brunswick.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-12 Gator Leasing

Miami, Florida, United States

Gator Leasing, Inc. is a provider of full service truck leasing, commercial truck rental and fleet services company.

Buy -
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