Ryder System completed the acquisition of all outstanding equity of Metro Truck & Tractor Leasing. Ryder will now operate Metro’s two Maryland facilities in Beltsville and Baltimore, which provide truck leasing, rental and maintenance services to more than 150 customers with a fleet of approximately 900 units.

As part of this acquisition, Ryder purchased mobile maintenance vehicles that will provide maintenance services to customers in and around Baltimore and Washington, D.C.

The acquisition, completed on June 15, 2018, is expected to be slightly accretive to earnings this year. Ryder anticipates additional earnings improvement in future years due to synergies and operational improvements within the combined companies, as well as from growth opportunities with Metro’s current customers and prospects in the Maryland market.

“This acquisition enables Ryder to support a growing market, where there is increasingly high demand for fleet management services,” said Dennis Cooke, president of Fleet Management Solutions at Ryder. “Customers who are transitioning to Ryder will now have the ability to leverage Ryder’s trusted network of more than 800 service locations and 5,900 trained technicians across the country.”