Ryder System, Inc. recently announced it has completed the acquisition of Efficiency Enterprises, a regional provider of fleet management, maintenance, and leasing solutions for trucks, trailers, and material handling equipment. The acquisition adds six new locations in Orlando, Tampa, and Fort Myers, Florida; Astoria, New York; Baltimore, Maryland; and Middletown, Delaware, to Ryder’s fleet services network.

Financial terms of the deal are not disclosed.

In addition, the acquisition will bring approximately 50 technicians and a fleet of roughly 1,200 units into Ryder’s operations. The Efficiency Enterprises fleet includes more than 900 power and trailer units and over 200 material handling equipment units.

“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,” says Tom Havens, president of Fleet Management Solutions for Ryder. “We are pleased to welcome a talented team whose commitment to customers aligns with Ryder’s values and service standards.”

Founded in 1978 in Astoria, New York, by the Merinoff and Drucker families, Efficiency Enterprises began as a single‑site operation and later expanded into Florida, Maryland, Delaware, and New Jersey as customer demand grew. Over nearly five decades, the company built a reputation for reliable service, strong customer relationships, and operational excellence.

Through the acquisition, Ryder expands its ability to support customers with integrated fleet management, maintenance, and transportation solutions. The transaction, which closed on Nov. 1, is expected to add approximately $50 million in gross revenue to Ryder’s FMS business in 2027 and provide incremental growth to Ryder’s earnings.

To support a seamless transition and maintain uninterrupted services for customers, Efficiency Enterprises’ assets and operations will be integrated into Ryder’s network throughout 2026. Richard Barbato Jr., president of Efficiency Enterprises, will work closely with Ryder during the transition

The six markets included in the transaction represent strategically important freight and distribution hubs across the Eastern United States. Central Florida continues to experience growth driven by distribution, e-commerce, and food and beverage logistics. Astoria provides access to dense urban delivery and last-mile operations across New York City, while Baltimore serves as a major gateway for port-related freight and manufacturing activity. Middletown sits within a key Mid-Atlantic distribution corridor connecting major East Coast markets. Together, these locations expand Ryder’s ability to support customers operating in diverse, high-demand transportation and logistics environments.

The acquisition also supports Ryder’s broader strategy of investing in high-growth logistics markets and expanding customer access to fleet solutions across the United States. It reflects Ryder’s continued focus on increasing capacity, strengthening service coverage, and supporting customer growth in key industrial and distribution regions.

To learn more about Ryder’s truck leasing and fleet maintenance solutions, visit https://www.ryder.com/en-us/fleet-leasing.