Quick Take
EVO Transportation & Energy (EVOA) announced it has acquired the Ritter Companies for $26.7 million in total consideration in cash, stock, and debt payoff.
The Ritter Companies include John W. Ritter Trucking, Ritter Transport, JohMar Leasing and Ritter Transportation Systems, operating as a trucking and transportation service provider in the US.
With the deal, EVOA continues to acquire scale to compete for an expected $1 billion in contracts over the next five years as the USPS works to consolidate its transport supplier network to gain operating efficiencies.
Target Company
Laurel, Maryland-based