On the Record · Ryder System
Ryder System acquisitions, on the record
The businesses Ryder System bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
FMS Europe (primarily United Kingdom (U.K.)) businessWord for word“We completed the shutdown of operations as well as the sale of the remaining vehicles and properties in 2023, generating cash proceeds of $394 million and recording gains of $95 million from the beginning of 2022 through 2023.” 10-K for 2023 | divestiture | 2023 | cash proceeds of $394 million |
IFS Holdings, LLC, a holding company for Impact Fulfillment Services, LLC (IFS)Word for word“On November 1, 2023, we acquired all the outstanding equity of IFS Holdings, LLC, a holding company for Impact Fulfillment Services, LLC (IFS), for an approximate purchase price of $255 million.” 10-K for 2023 | acquisition | On November 1, 2023 | an approximate purchase price of $255 million |
CLH Parent Corporation (Cardinal Logistics)Word for word“On February 1, 2024, we acquired all the outstanding equity of CLH Parent Corporation (Cardinal Logistics) for a purchase price of $290 million.” 10-K for 2023 | agreed acquisition | On February 1, 2024 | a purchase price of $290 million |
Whiplash (PLG Investments I, LLC)Word for word“On January 1, 2022, we acquired all the outstanding equity of Whiplash, a leading national provider of omnichannel fulfillment and logistics services for a purchase price of $ 483 million.” 10-K for 2023 | acquisition | On January 1, 2022 | a purchase price of $ 483 million |
a business in our FMS segmentWord for word“During 2024, we also acquired a business in our FMS segment for a purchase price of $ 15 million.” 10-K for 2024 | acquisition | During 2024 | $ 15 million |
Cardinal LogisticsWord for word“On February 1, 2024, we acquired all the outstanding equity of Cardinal Logistics for a purchase price of $ 302 million.” 10-K for 2025 | acquisition | February 1, 2024 | $ 302 million |
IFSWord for word“On November 1, 2023, we acquired all the outstanding equity of IFS, which specializes in contract packaging, contract manufacturing and warehousing, primarily in the consumer packaged goods, retail, and healthcare industries, for an approximate purchase price of $ 254 million.” 10-K for 2025 | acquisition | November 1, 2023 | $ 254 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|---|
| 2016-12-31 | $0 | $2 million | — |
| 2017-12-31 | $7.2 million | — | $6.5 million |
| 2018-12-31 | $167.4 million | — | $95.7 million |
| 2019-12-31 | $0 | — | — |
| 2020-12-31 | $0 | — | — |
| 2021-12-31 | $325 million | — | $96 million |
| 2022-12-31 | $458 million | — | $290 million |
| 2023-12-31 | $250 million | — | $79 million |
| 2024-12-31 | $314 million | — | $219 million |
| 2025-12-31 | $1 million | — | — |
Deal filings since 2016
- 2021-12-20 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-05-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2018-10-03 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-02-29 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Ryder System’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-11. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.