Ryder (R) to Gain From Pit Stop Acquisition: Here's How

Founded in 1997, Pit Stop provides retail mobile commercial fleet maintenance, including battery, tire and transmission repairs, preventative maintenance, and breakdown assistance. How Will the Deal Benefit? The said acquisition is anticipated to add almost $24 million in gross revenues to Ryder's Torque by Ryder's business in 2025. The deal will also be accretive to Ryder's earnings. Torque by Ryder was launched in July 2023 and with the inclusion of Pit Stop, it is likely to operate a workforce of more th ...