Ryder Acquires Dallas Service Center, Inc. to Expand Fleet Maintenance Network and Add New Body Repair Capabilities
October 11 2017 - 6:55AM
Business Wire
Ryder System, Inc. (NYSE: R), a leader in commercial fleet
management, dedicated transportation, and supply chain solutions,
today announced it has completed the acquisition of all outstanding
equity of Dallas Service Center, Inc. (DSC), an independent truck
repair facility located in Dallas, Texas.
The acquisition, completed on September 29, 2017, is expected to
be nominally accretive to earnings in 2017. Ryder anticipates
additional earnings in future years due to implementation of best
practices leading to synergies, as well as improved productivity
and safety as part of the Ryder network.
Ryder intends to operate the business under the name Ryder
Dallas Service Center, maintaining its current service offering and
areas of focus. Ryder intends to retain the existing workforce of
approximately 50 employees.
“We are pleased with our acquisition of DSC,” said Ryder
President of Global Fleet Management Solutions, Dennis Cooke. “We
will operate the business as a key part of our West Region,
expanding the capacity of our existing maintenance network, while
adding new services in the area of body repair work.”
The acquired operation is located at 5115 S. Cockrell Hill Rd.,
Dallas, Texas 75236 and is adjacent to Ryder’s existing Redbird
truck rental and service location. The acquired location consists
of a 5.87 acre property and 34,000 square feet of facilities,
including 31 commercial vehicle maintenance bays, two paint booths,
and two wash bays.
Ryder’s Dallas Service Center facility is open for vehicle
maintenance from 6:00 a.m. to 11:00 p.m. Monday through Friday, and
office hours are 8:00 a.m. to 5:00 p.m. For additional information
about the new location and its services, please call (214)
330-4661.
About Ryder
Ryder is a FORTUNE 500® commercial fleet management, dedicated
transportation, and supply chain solutions company. Ryder’s stock
(NYSE:R) is a component of the Dow Jones Transportation Average and
the S&P MidCap 400® index. Ryder has been named among FORTUNE’s
World’s Most Admired Companies, and has been recognized for its
industry-leading practices in third-party logistics,
environmentally-friendly fleet and supply chain solutions, and
world-class safety and security programs. The Company is a proud
member of the American Red Cross Disaster Responder Program,
supporting national and local disaster preparedness and response
efforts. For more information, visit www.ryder.com, and follow us
on our Online Newsroom and social media pages: Facebook, LinkedIn,
Twitter, Instagram, and YouTube.
Note Regarding Forward-Looking Statements: Certain statements
and information included in this news release are "forward-looking
statements" within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. These forward-looking statements are
based on our current plans and expectations and are subject to
risks, uncertainties and assumptions. Accordingly, these
forward-looking statements should be evaluated with consideration
given to the many risks and uncertainties that could cause actual
results and events to differ materially from those in the
forward-looking statements including those risks set forth in our
periodic filings with the Securities and Exchange Commission. New
risks emerge from time to time. It is not possible for management
to predict all such risk factors or to assess the impact of such
risks on our business. Accordingly, we undertake no obligation to
publicly update or revise any forward-looking statements, whether
as a result of new information, future events, or otherwise.
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version on businesswire.com: http://www.businesswire.com/news/home/20171011005174/en/
Ryder System, Inc.Media:David Bruce,
305-500-4999orInvestor Relations:Bob Brunn, 305-500-4210
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