The logistics and transportation service provider Ryder System Inc. has completed its acquisition of Efficiency Enterprises, a regional provider of fleet management, maintenance, and leasing solutions for trucks, trailers, and material handling equipment.
Through the acquisition, Ryder says it expands its ability to support customers with integrated fleet management, maintenance, and transportation solutions.
The acquisition adds six new locations in Orlando, Tampa, and Fort Myers, Florida; Astoria, New York; Baltimore, Maryland; and Middletown, Delaware, to Ryder’s fleet services network.
Ryder says those locations are significant because the six markets included in the transaction represent strategically important freight and distribution hubs across the Eastern United States. Central Florida continues to experience growth driven by distribution, e-commerce, and food and beverage logistics. Astoria provides access to dense urban delivery and last-mile operations across New York City, while Baltimore serves as a major gateway for port-related freight and manufacturing activity. Middletown sits within a key Mid-Atlantic distribution corridor connecting major East Coast markets.
In addition, the acquisition will bring approximately 50 technicians and a fleet of roughly 1,200 units into Ryder’s operations. The Efficiency Enterprises fleet includes more than 900 power and trailer units and over 200 material handling equipment units. Terms of the deal were not disclosed.
“With Efficiency Enterprises’ experienced workforce, established customer relationships, and strong maintenance and rental operations, we are expanding our ability to support fleets operating in high‑demand logistics markets,” says Tom Havens, president of Fleet Management Solutions for Ryder.
