Houlihan Lokey Advises Metro Truck and Tractor Leasing

Houlihan Lokey is pleased to announce the sale of Metro Truck and Tractor Leasing, Inc. (Metro) to Ryder System, Inc. (Ryder) (NYSE:R). The transaction closed on June 15, 2018.

Metro, based in Beltsville, Maryland, and operating in the Baltimore and Washington, D.C., metropolitan areas, is one of the largest independently owned and operated full-service truck leasing and rental companies in North America.

Since its founding in 1972, Metro grew from just two trucks to a diversified fleet of ~900 vehicles serving over 150 commercial customers. Metro distinguishes itself from competitors utilizing a comprehensive, value-added service offering including on-site preventative maintenance and repair services, parts inventory management, emergency roadside repair services, fuel services, truck body customization, and insurance intervention for resolving physical damage claims. Metro remained family owned and operated until its sale.

Ryder is a Fortune 500 commercial fleet management, dedicated transportation, and supply chain solutions company. Ryder's stock (NYSE:R) is a component of the Dow Jones Transportation Average and the S&P MidCap 400 index. Ryder has been named among Fortune's World's Most Admired Companies and has been recognized for its industry-leading practices in third-party logistics, environmentally friendly fleet and supply chain solutions, and world-class safety and security programs.

Houlihan Lokey served as the exclusive financial advisor and assisted in marketing, structuring, and negotiating the transaction on behalf of Metro. This transaction exemplifies the continued success of Houlihan Lokey's dedicated Transportation & Logistics practice and demonstrates the firm's capabilities in working with family-owned businesses.