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Ryder To Acquire Gator Leasing - Based In Florida

Ryder System recently announced that they will acquire Florida based Gator Leasing, a leading commercial truck rental business in the Sunshine State.

Under the terms of the agreement, Ryder will acquire Gator’s fleet of 2,300 full service lease and rental units and approximately 300 contract customers served by Gator Leasing from its nine locations in Florida.

“Gator Leasing has been a strong transportation service provider and respected competitor in Florida and we are pleased to have them become a part of Ryder,” said Ryder Chairman and Chief Executive Officer Greg Swienton. “This acquisition is a key strategic milestone for us in expanding and strengthening our core competence in Fleet Management Solutions.”

Terms of the agreement were not disclosed and the deal is expected to close in May 2008.