M&A Deal Summary

Ryder System Acquires Ruan Leasing

On April 1, 2004, Ryder System acquired transportation company Ruan Leasing from Ruan Transportation Management Systems for 145M USD

Acquisition Highlights
  • This is Ryder System’s 4th transaction in the Transportation sector.
  • This is Ryder System’s 4th largest (disclosed) transaction.
  • This is Ryder System’s 3rd transaction in the United States.
  • This is Ryder System’s 2nd transaction in Iowa.

M&A Deal Summary
Date 2004-04-01
Target Ruan Leasing
Sector Transportation
Buyer(s) Ryder System
Sellers(s) Ruan Transportation Management Systems
Deal Type Divestiture
Deal Value 145M USD

Target

Ruan Leasing

Des Moines, Iowa, United States
Ruan Leasing Co. is a commercial truck leasing, rental and contract maintenance company.

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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 4 of 27
Sector (Transportation) 4 of 19
Type (Divestiture) 1 of 2
State (Iowa) 2 of 2
Country (United States) 3 of 21
Year (2004) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-31 General Car & Truck Leasing System

Davenport, Iowa, United States

General Car & Truck Leasing System is a commercial truck leasing, maintenance and rental company.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-07 4 G s Truck Renting

Brooklyn, New York, United States

4 G's Truck Renting Co. is a local truck leasing and rental company.

Buy -

Seller(S) 1

SELLER

Ruan Transportation Management Systems

Des Moines, Iowa, United States
Category Company
Sector Transportation
DESCRIPTION

Ruan Transportation Management Systems, Inc. provides logistics and fleet management services.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Kings County Truck Lines

Tulare, California, United States

KCTL was a 66-year old private company based in central California that had grown to become the largest milk hauler in the country and the largest liquid food-grade carrier in the Western United States.

Buy $43M
Mergr

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