Ryder System acquires Pit Stop Fleet Service to expand Torque by Ryder services, adding $24M in revenue by 2025.
Ryder System, a logistics company, announced the acquisition of Pit Stop Fleet Service, a mobile fleet maintenance provider, to enhance its Torque by Ryder retail mobile maintenance services. The deal is expected to add around $24 million in gross revenue by 2025, contributing to earnings growth. The transaction is subject to customary closing conditions and is projected to finalize by August 1.
July 15, 2024
4 Articles