Ryder (R) to Gain From Pit Stop Acquisition: Here's How
Ryder(R) ZACKS·2024-07-17 03:30
Ryder System, Inc. (R) has inked a deal to purchase Venice, FL-based Pit Stop Fleet Service (Pit Stop), which is likely to enhance growth of its retail mobile maintenance business, Torque by Ryder.Founded in 1997, Pit Stop provides retail mobile commercial fleet maintenance, including battery, tire and transmission repairs, preventative maintenance, and breakdown assistance.Subject to customary closing conditions, the deal is anticipated to be completed by Aug 1. Financial terms of the deal have been kept u ...