Ryder Acquires Efficiency Enterprises; Expands East Coast Fleet Network
Business Wire•02/11/2026•12:30 ET
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Key Highlights
- ➤Acquisition adds six locations across Florida, New York, Maryland, and Delaware.
- ➤Ryder gains roughly 1,200 fleet units and approximately 50 technicians.
- ➤Deal expected to add approximately $50 million in FMS gross revenue in 2027.
- ➤Transaction closed November 1, 2026; financial terms were not disclosed.
Expert Statements
Tom Havens, President of Fleet Management Solutions for Ryder
“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
“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
“For nearly 50 years, our family and associates have built Efficiency Enterprises on a commitment to our customers, our employees, and operational excellence.”
Richard Barbato Jr., President of Efficiency Enterprises
“We’re proud of the business we have built and the trusted relationships that have sustained it.”
Richard Barbato Jr., President of Efficiency Enterprises
“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.”
Ryder Acquires Efficiency Enterprises; Expands East Coast Fleet Network
* Expands Ryder’s truck rental, leasing, and maintenance footprint across six strategic Northeast, Mid-Atlantic, and Florida markets
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