Ryder System Inc., a provider of transportation and supply chain management solutions, has reached an agreement to acquire the full service lease, contract maintenance, commercial rental and dedicated contract carriage businesses of The Scully Companies Inc. Scully has been in business for 29 years and is headquartered in Fontana, Calif. The acquisition is expected to be finalized in late January and is subject to customary closing conditions.
The acquisition will significantly expand Ryder’s current presence in fleet management solutions in key Western U.S. states, as well as increase its customer base in the retail vertical for dedicated contract carriage services, explains Greg Swienton, chairman and CEO of Ryder.
Per the terms of the agreement, Ryder will acquire Scully’s fleet management business consisting of approximately 1,800 full service lease units and 300 rental vehicles, and approximately 200 contract customers primarily served from its six service facilities. These include California locations in Fontana, Sacramento, City of Industry, Montebello, Hayward, and a location in Phoenix, Ariz. Ryder will also acquire Scully’s dedicated contract carriage business, including customers served from 25 locations throughout the western United States.
The Scully Companies conduct business through two operating units: Scully Transportation Services and Scully Distribution Services. Scully Transportation Services is a provider of full-service truck leasing and short-term rental of commercial vehicles, as well as a provider of maintenance services throughout the western United States. Scully Distribution Services provides dedicated contract carriage services to customers from 25 locations throughout the western United States.
This is Ryder’s second acquisition in December. Last week the company acquired TLC from grocery retailer SUPERVALU.