Ryder System acquires Cardinal Logistics

Type: Acquisition · Technology: Transport · Country: United States · Value: $297M · Announced: 2024-12-04

Ryder System, Inc. acquired Cardinal Logistics for $297 million, adding 3,400 drivers, 2,900 trucks and 200 locations to significantly expand its dedicated transportation business.

Counterparties

• H.I.G. Capital (Seller)
• Cardinal Logistics (Seller)
• Ryder System, Inc (Buyer)

Source article

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