Ryder Buys Efficiency Enterprises, Adding 1,200 Units

Ryder has closed its acquisition of Efficiency Enterprises, adding roughly 1,200 fleet units, six locations, and about 50 technicians to its network across the East Coast. The company expects the deal to contribute approximately $50 million in gross revenue to its Fleet Management Solutions business during 2027, plus incremental earnings.

The purchase price wasn't disclosed. But the asset math is concrete: more than 900 power and trailer units, over 200 material handling equipment units, and established maintenance and rental operations in six markets.

Which markets did Ryder just gain?

The acquired facilities sit in Orlando, Tampa, and Fort Myers, Florida; Astoria, New York; Baltimore, Maryland; and Middletown, Delaware. Together they extend Ryder's reach across the Northeast, Mid-Atlantic, and Florida.

Each location carries strategic weight, according to Ryder:

• Central Florida has grown into a hub for distribution, ecommerce, and food and beverage logistics.
• Astoria provides access to freight and delivery operations serving New York City.
• Baltimore supports port-related transportation and manufacturing activity.
• Middletown sits inside a major Mid-Atlantic distribution corridor.

The acquired technicians and equipment will also expand Ryder's capacity for vehicle maintenance and rental demand.

What are the leaders saying?

Tom Havens, President of Fleet Management Solutions at Ryder, framed the deal around workforce and geography: "With Efficiency Enterprises' experienced workforce, established customer relationships, and strong maintenance and rental operations, we are expanding our ability to support fleets operating in high-demand logistics markets. We are pleased to welcome a talented team whose commitment to customers aligns with Ryder's values and service standards."

Richard Barbato Jr., President of Efficiency Enterprises, emphasized continuity: "For nearly 50 years, our family and associates have built Efficiency Enterprises on a commitment to our customers, our employees, and operational excellence. We're proud of the business we have built and the trusted relationships that have sustained it. Ryder shares the values that have guided our company, and we are confident it is the right home for our employees and customers as we begin this next chapter together."

Barbato will stay on to assist with the transition.

Who is Efficiency Enterprises?

The Merinoff and Drucker families founded the company in 1978 in Astoria, New York, as a single-location business. Over nearly five decades, it expanded into several states as demand grew for commercial vehicle services, building long-running customer relationships in equipment, maintenance, and fleet management support.

That longevity — and the customer base attached to it — is what Ryder is buying as much as the trucks.

How does this fit Ryder's bigger network?

Ryder provides fleet management, supply chain, and dedicated transportation services across the United States, Canada, and Mexico. Its operations span commercial truck leasing, vehicle rentals, maintenance, transportation management, warehousing, distribution, and final-mile delivery.

The scale numbers anchor why six locations matter:

• Approximately 240,000 commercial vehicles managed.
• Nearly 800 maintenance locations in operation.
• Roughly 320 warehouses covering more than 100 million square feet.
• Customers across more than 20 industries.

The deal fits Ryder's stated strategy of expanding through acquisitions that complement existing operations and customer relationships rather than pushing into new territory.

What happens next?

Ryder plans to integrate Efficiency Enterprises' assets and operations into its existing network throughout 2026. The integration is designed to preserve continuity for acquired customers while connecting them to Ryder's broader capabilities — a common playbook in fleet services, where customer retention hinges on seamless handoffs.

The bottom line: Ryder spent to deepen density in freight-heavy Eastern corridors, and the payoff — roughly $50 million in annual gross revenue — starts showing in 2027.