Ryder System completed its previously announced acquisition of The Scully Companies, , based in California. Scully is a privately owned, regional provider of full service lease, contract maintenance, commercial rental and dedicated contract carriage solutions primarily serving the western United States.

The acquisition is expected to add approximately $100 million in annualized operating revenue and be accretive to earnings in 2011. Approximately 35% of Scully’s revenue is related to the commercial truck leasing, maintenance, and rental business, and 65% is related to the company’s dedicated contract carriage business. Scully’s leasing, maintenance and rental services will now operate as part of Ryder’s Fleet Management Solutions business segment and its dedicated contract carriage business will now become part of Ryder’s Dedicated Contract Carriage business segment.

In the transaction, Ryder acquired Scully’s fleet of approximately 1,800 full service lease vehicles, 300 commercial rental vehicles, and approximately 200 contract customers. Ryder acquired Scully’s dedicated contract carriage business, including 17 customers served from 25 locations throughout the western United States.

As previously reported, Ryder also acquired Scully’s six service facilities, which include California locations in Fontana, Sacramento, City of Industry, Montebello, Hayward, and a location in Phoenix. Ryder will continue to operate Scully’s Fontana and Hayward locations. Customers previously served by Scully’s four facilities will be consolidated into and served by Ryder’s nearest existing locations.

Previously on monitordaily.com:

Ryder Acquires Fleet Management Business in California Friday, December 17, 2010