Ryder Acquires Impact Fulfillment Services
October 23, 2023
Ryder System, Inc. entered into a definitive agreement to acquire all outstanding equity of IFS Holdings, LLC (Impact Fulfillment Services), adding contract packaging, contract manufacturing and warehousing capabilities across 15 U.S. operations. The deal is expected to add about $250 million of annual revenue, retain roughly 1,000 IFS employees, and close in early November 2023 subject to customary approvals.
- Buyers
- Ryder System, Inc.
- Targets
- IFS Holdings, LLC (Impact Fulfillment Services)
- Industry
- Manufacturing
- Location
- North Carolina, United States
- Transaction Type
- Buyout
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