Ryder System 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. 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,” Tom Havens, president of fleet management solutions for Ryder, said. “We are pleased to welcome a talented team whose commitment to customers aligns with Ryder’s values and service standards.”
Through the acquisition, Ryder expects to expand its ability to support customers with integrated fleet management, maintenance and transportation solutions. The transaction, which closed on Nov. 1, 2026, 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. Financial terms of the deal are not disclosed.
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.
“For nearly 50 years, our family and associates have built Efficiency Enterprises on a commitment to our customers, our employees, and operational excellence,” Barbato said. “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.”
The acquisition supports Ryder’s broader strategy of investing in high-growth logistics markets and expanding customer access to fleet solutions across the United States.
