Ryder said it expects the transaction to create synergies and to benefit both Ryder and Pit Stop customers. Ryder said it will fully integrate Pit Stop employees, assets and operations.
Ron and Connie Perry, who co-founded Pit Stop in 1997, will help support the integration into Ryder.
"We chose Ryder to continue the legacy that we have built over the past couple of decades because of their company culture and operating alignment to always do right by the customer," Pit Stop Vice President John Croke said.
"With our complementary retail mobile maintenance fleet services across diverse industries and markets, we now have even greater economies of scale and offer unparalleled flexibility for fleets requiring swift maintenance services," Tom Havens, president of Fleet Management Solutions at Ryder, said.
Pit Stop operates in eight states.
The acquisition will increase Torque by Ryder's workforce to 200 technicians offering maintenance services in 20 states: Alabama, Arkansas, Arizona, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, Mississippi, New Jersey, Nevada, New Mexico, North Carolina, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas and Virginia.
The company plans to expand into additional states later this year.
Launched last summer, Torque by Ryder services a wide range of vehicles, including commercial trucks, trailers, delivery vans, refrigerated vehicles, construction and utility vehicles, passenger and shuttle buses and emergency response vehicles.
