Ryder System Acquires Whiplash Fulfillment

December 13, 2021

Ryder System, Inc. has entered into a definitive agreement to acquire Whiplash, a City of Industry, California-based omnichannel e-commerce fulfillment and logistics provider, for approximately $480 million in cash. The acquisition expands Ryder's e-commerce and omnichannel fulfillment network (adding 19 warehouses and ~7 million square feet), is expected to be accretive, and aims to integrate Whiplash's technology, operations, and team to accelerate capability and geographic coverage.

Buyers
Ryder System, Inc.
Targets
Whiplash
Location
California, United States
Transaction Type
Buyout

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