Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Akanksha Bakshi

TIP To Acquire Trailer Leasing And Maintenance Business Of Ryder Ltd

  • TIP Trailer Services, a portfolio company of I Squared Capital, has agreed to acquire the trailer leasing and maintenance business of Ryder System, Inc. (NYSE:R) Ryder Ltd. Deal terms were not disclosed.
  • Ryder Ltd provides commercial vehicle rental, contract hire, maintenance, and dedicated delivery solutions in the U.K.
  • TIP will integrate Ryder assets and contracts from the mobile maintenance services division into its existing business in the U.K.
  • The completion of the transaction is expected to take place in June 2022.
  • Price Action: R shares are trading higher by 1.98% at $64.27 on the last check Wednesday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.