Ryder acquires Edart Leasing

Jan. 6, 2009
Ryder System, Inc. has announced it has reached an agreement to acquire the full-service truck leasing, commercial truck rental and contract maintenance businesses of Edart Leasing Co. LLC

Ryder System, Inc. has announced it has reached an agreement to acquire the full-service truck leasing, commercial truck rental and contract maintenance businesses of Edart Leasing Co. LLC. The acquisition, subject to customary closing conditions, is expected to be finalized this month.

Hartford, CT-based Edart operates in the Northeast U.S., serving more than 340 contract customers from its nine locations in Connecticut, Massachusetts, and New Jersey. Ryder will acquire Edart’s fleet of approximately 1,450 full-service lease and 150 rental units, as well as 600 vehicles that will be re-marketed.

“Edart Leasing is a well-known and respected, family-owned transportation service provider that has been a strong competitor in the Northeast,” said Ryder chairman & CEO Greg Swienton. “By building on the best practices and unique qualities of each company, we can strengthen our network and product offering in the Northeast to bring more business resources and value to customers of both companies.”

Sponsored Recommendations

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Unlocking Fleet Safety & Efficiency: The Managed Service Advantage

Want to boost your fleet's safety and efficiency? Tune in now to discover the power of Managed Services in optimizing your safety program, streamlining operations, and making ...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!