M&A Deal Summary

Ryder System Acquires Midwest Warehouse & Distribution System

On October 27, 2021, Ryder System acquired diversified company Midwest Warehouse & Distribution System

Acquisition Highlights
  • This is Ryder System’s 1st transaction in the Diversified sector.
  • This is Ryder System’s 16th transaction in the United States.
  • This is Ryder System’s 1st transaction in Illinois.

M&A Deal Summary
Date 2021-10-27
Target Midwest Warehouse & Distribution System
Sector Diversified
Buyer(s) Ryder System
Deal Type Add-on Acquisition
Advisor(s) Republic Partners LLC (Financial)
Freeborn (Legal)

Target

Midwest Warehouse & Distribution System

Woodridge, Illinois, United States
Midwest Warehouse & Distribution System provides warehousing, distribution, and transportation solutions primarily for food, beverage, and consumer packaged goods (CPG) companies. Midwest Warehouse & Distribution System was founded in 1982 and is based in Woodridge, Illinois.

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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 22 of 27
Sector (Diversified) 1 of 1
Type (Add-on Acquisition) 20 of 25
State (Illinois) 1 of 1
Country (United States) 16 of 21
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Metro Truck & Tractor Leasing

Beltsville, Maryland, United States

Metro Truck & Tractor Leasing, Inc. is a provider of truck leasing, rental, and maintenance services to more than 150 customers with a fleet of approximately 900 units.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 Whiplash

City of Industry, California, United States

Whiplash is a provider of logistics services that support major retailers and retail manufacturers at all major U.S. port locations with experienced teams, leading-edge technology, and nearly 5 million square feet of multi-client and dedicated warehouse space. Whiplash was founded in 2008 and is based in City of Industry, California.

Buy $480M
Mergr

Product

Company

Legal