Ryder System, Inc. has announced the acquisition of Philadelphia-based Gordon Truck Leasing, a full-service truck leasing, commercial truck rental and fleet services company. The acquisition, set to be finalized later this month, is subject to customary closing conditions.
Ryder will acquire Gordon’s approximately 430 full-service lease units, 45 rental units, and 35 held-for-sale units, in addition to the 130 contract customers served by Gordon’s five locations in the Philadelphia market.
“Ryder has been a reputable market leader for 75 years supporting more than 16,000 customers globally,” said Drew Gordon, president & owner of Gordon Truck Leasing. “Ryder will be able to provide Gordon’s customers with new resources, increased product offerings, and a large network of service locations which will help customers grow in the competitive marketplace.”