Ryder System Acquires Dotcom Distribution

Ryder System Acquires Midwest Warehouse & Distribution System

October 27, 2021

Logistics & Distribution

Ryder System, Inc. has acquired all outstanding equity of Midwest Warehouse & Distribution System, a Woodridge, Illinois–based 3PL that operates 17 multi-client and dedicated warehouses totaling about seven million square feet and a company-owned truck fleet. The acquisition, completed Nov. 1, 2021, expands Ryder's multi-client warehousing capability in the Chicago distribution hub and is expected to add roughly $135 million of annual revenue in 2022.

Ryder System Acquires Whiplash Fulfillment

December 13, 2021

Logistics & Distribution

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.

Ryder Acquires Cardinal Logistics from H.I.G. Capital

February 1, 2024

Transportation

Ryder System, Inc. has acquired Cardinal Logistics from H.I.G. Capital, integrating Cardinal’s dedicated contract carriage, freight brokerage and last-mile capabilities to strengthen Ryder’s dedicated transportation and supply chain services. Cardinal, founded in 1997 and headquartered in Concord, North Carolina, operates ~200 locations with a fleet of 2,900 power units and more than 3,400 drivers; Ryder expects synergies and accretion following integration.

Ryder Acquires Impact Fulfillment Services

October 23, 2023

Manufacturing

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.

Ryder Acquires Logistics Technology Start-Up Baton

August 31, 2022

Transportation

Ryder System, Inc. has acquired San Francisco-based logistics technology start-up Baton, integrating Baton's team and proprietary transportation-optimization platform into Ryder. The acquisition (closed August 31) follows an earlier investment by RyderVentures and brings Baton's founders and core engineering team into Ryder to accelerate customer-facing supply chain and transportation technology development.

Sun Capital Affiliate Acquires Century Distribution Systems

June 2, 2021

Logistics & Distribution

An affiliate of private equity firm Sun Capital Partners has completed the acquisition of Century Distribution Systems, a global digital logistics provider offering supply chain management and freight forwarding services. Sun Capital said it will apply its corporate carve-out and operational expertise to drive performance and pursue strategic add-on opportunities to broaden Century's capabilities; terms were not disclosed.