Ryder System, Inc. acquired Efficiency Enterprises, a regional provider of fleet management, maintenance, and leasing solutions for trucks, trailers, and material handling equipment in the distribution, e-commerce, and food and beverage logistics space.
The acquisition adds six new locations in Orlando, Tampa, and Fort Myers, Fla.; Astoria, N.Y.; Baltimore, Md.; and Middletown, Dela., 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.
“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.”
“For nearly 50 years, our family and associates have built Efficiency Enterprises on a commitment to our customers, our employees, and operational excellence,” says Richard Barbato Jr., president of Efficiency Enterprises. “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.”
Key takeaways:
· The Efficiency Enterprises fleet includes more than 900 power and trailer units and over 200 material handling equipment units.
· This acquisition expands Ryder’s East Coast fleet network, strengthening its truck rental, leasing, and maintenance footprint across key Northeast, Mid-Atlantic, and Florida markets.
· 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.
