M&A TRANSACTION · 2024
Cardinal Logistics acquired by Ryder System
$297.0M· Trucking
Target
Cardinal Logistics
Concord, North Carolina
Dedicated contract carrier with 200 locations, 2,900 trucks, 3,400 drivers serving CPG, omnichannel, automotive
Cardinal Logistics acquisition profile →Acquirer
Ryder System
Strategic buyer
Disclosed financials at time of acquisition
Revenue
$1000.0M
EBITDA
-
Deal Value
$297.0M
What's your trucking worth today?
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Context
This $297.0M acquisition of Cardinal Logistics by Ryder System sits in the trucking sub-vertical. Run a valuation for your own trucking business via our Trucking valuation hub. Ryder System is acquiring as a strategic buyer; see how strategic acquirers typically price trucking businesses on our Trucking strategic buyer-pool page.
Source
Data sourced from Ryder System Press Release - primary source. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
Value your own trucking
12-input M&A-grade workup with sellability score, named comparable deals, and AI-written commentary. 2 minutes.
- ✓Sellability score with 5-driver breakdown and lift estimates
- ✓Named comparable M&A transactions in your sub-vertical
- ✓AI-written analysis grounded in your specific inputs
Compare your business to the Cardinal Logistics acquisition.
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