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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