Ryder System Completes Acquisition of Efficiency Enterprises

12:58 PM EST, 11/02/2026 (MT Newswires) -- Ryder System (R) said Monday it has completed the acquisition of Efficiency Enterprises, a company dealing in fleet management, maintenance, and leasing solutions for trucks, trailers, and material handling equipment. The acquisition adds six new locations to Ryder's fleet services network, and brings 50 technicians and a fleet of about 1,200 units into Ryder's operations. The transaction closed on Nov. 1 and is expected to add roughly $50 million in gross revenue to Ryder's Fleet Management Solutions business in 2027, the company said. Financial terms of the deal were not disclosed. Price: 289.45, Change: +6.90, Percent Change: +2.44