Ryder to Acquire Pit Stop Fleet Service, To Add $25M Gross Revenue Synergies In 2025
Portfolio Pulse from Benzinga Newsdesk
Ryder System, Inc. (NYSE:R) is set to acquire Pit Stop Fleet Service, enhancing its Torque by Ryder™ retail mobile maintenance business. The acquisition is expected to add $24 million in gross revenue by 2025 and provide incremental growth to Ryder's earnings.
July 15, 2024 | 10:57 am
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Ryder System, Inc. (NYSE:R) is acquiring Pit Stop Fleet Service to enhance its Torque by Ryder™ retail mobile maintenance business. The acquisition is expected to add $24 million in gross revenue by 2025 and provide incremental growth to Ryder's earnings.
The acquisition of Pit Stop Fleet Service by Ryder System is a strategic move to enhance its retail mobile maintenance business. The expected addition of $24 million in gross revenue by 2025 and incremental growth to earnings are positive indicators for Ryder's financial performance.
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