The acquisition will further bolster Ryder’s e-commerce solution for B2B and B2C brands in high-value verticals including health, beauty and cosmetics, and fashion and apparel.
MIAMI, November 2nd, 2022 – Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces it has acquired Dotcom Distribution, a provider of omnichannel fulfillment and distribution services for high-growth retail and e-commerce brands specializing in health, beauty and cosmetics, and fashion and apparel.
With the acquisition, Ryder continues to expand its e-fulfillment network with the opportunity to add an impressive roster of consumer brand names and increase its national footprint with the addition of a 400,000-square-foot multiclient fulfillment facility in Edison, New Jersey. Additionally, Dotcom Distribution’s experienced leadership team, including founder and CEO Maria Haggerty, and the company’s operations team, totaling approximately 100 full-time employees, will join Ryder to ensure a seamless transition for customers.
“Dotcom Distribution has been doing e-fulfillment since e-commerce was still in its infancy. Maria and her team bring 22 years of knowledge, expertise, and experience in helping customers weather market fluctuations. That’s a big benefit for Ryder,” says Steve Sensing, president of supply chain solutions for Ryder. “This acquisition also affords us the opportunity to expand our e-fulfillment portfolio in new industry verticals in health, beauty and cosmetics, which is in line with our larger strategy to grow and diversify our portfolio.”
“We chose Ryder for its nearly 90 years of logistics expertise, its sophisticated fulfillment, distribution, and transportation network, and commitment to staying at the forefront of innovation – all of which deliver the speed-to-market, scalability, and elevated brand experience that our customers expect,” says Haggerty.
Earlier this year, Ryder announced the acquisition of another e-commerce and omnichannel fulfillment provider, Whiplash. The company had established itself as a leading national provider of scalable solutions to more than 250 digitally native brands and omnichannel retailers, backed by a proven e-commerce technology and operating platform.
“We look forward to welcoming Dotcom Distribution’s customers into the Ryder family of brands and capitalizing on the synergies created with the acquisition, as well as the improved scalability, flexibility, and speed-to-market that our omnichannel and e-commerce fulfillment technology delivers,” says Jeff Wolpov, senior vice president of Ryder E-commerce by Whiplash.
Ryder’s e-commerce and omnichannel fulfillment solution now delivers to 100% of the U.S. within two days and 60% of the U.S. within one day. For the Dotcom Distribution transaction, Wofford Advisors LLC acted as strategic advisor and Gunster acted as legal counsel for Ryder. G2 Capital Advisors acted as exclusive financial advisor and Stradley Ronon served as legal counsel to Dotcom Distribution.
About Ryder System, Inc.
Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company. It provides supply chain, dedicated transportation, and fleet management solutions, including full service leasing, rental, and maintenance, used vehicle sales, professional drivers, transportation services, freight brokerage, warehousing and distribution, e-commerce fulfillment, and last mile delivery services, to some world’s most-recognized brands. Ryder provides services throughout the United States, Mexico, Canada, and the United Kingdom. In addition, Ryder manages nearly 235,000 commercial vehicles and operates more than 300 warehouses, encompassing approximately 64 million square feet. Ryder is regularly recognized for its industry-leading practices in third-party logistics, technology-driven innovations, commercial vehicle maintenance, environmentally friendly solutions, corporate social responsibility, world-class safety and security programs, military veteran recruitment initiatives, and the hiring of a diverse workforce. www.ryder.com
Note Regarding Forward-Looking Statements: Certain statements and information included in this news release are “forward-looking statements” within the meaning of the Federal Private Securities Litigation Reform Act of 1995. These forward-looking statements, including our expectations regarding the benefits of the transaction (including future revenue and earnings growth as a result of the transaction), are based on our current plans and expectations and are subject to risks, uncertainties and assumptions. Many factors could cause actual future events to differ materially from the forward-looking statements in this news release, including but not limited to: (i) the effect of the announcement or pendency of the transaction on Whiplash’s or Midwest’s business relationships, operating results, and business generally, (ii) risks that the transactions disrupt current plans and operations of Whiplash or Midwest and potential difficulties in employee retention as a result of the transactions, (iii) changes in general economic conditions, including as a result of the COVID-19 pandemic, (iv) the risk that the transactions will not add the forecasted revenue to Ryder’s supply chain solutions business segment; (v) the risk that the transactions will not provide the expected incremental growth to Ryder’s earnings in 2022; (vi) the ability to implement business plans, forecasts and other expectations after the completion of the proposed transaction, and identify and realize additional opportunities. Accordingly, these forward-looking statements should be evaluated with consideration given to the many risks and uncertainties that could cause actual results and events to differ materially from those in the forward-looking statements including those risks set forth in our periodic filings with the Securities and Exchange Commission. New risks emerge from time to time. It is not possible for management to predict all such risk factors or to assess the impact of such risks on our business. Accordingly, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Ryder Ecommerce by Whiplash is a leading provider of direct-to-consumer fulfillment and retail logistics, including end-to-end customer care, transportation, distribution, and value-added warehouse services. Its high-performance operations are supported by its namesake ecommerce platform and a suite of advanced technology solutions, enabling the multi-channel connectivity required by the retail supply chains of today and tomorrow. Operating 24 distribution centers nationwide across more than 10 million square feet of space in addition to its international partner network, Whiplash brings emerging and established brands the scale and vision they need to grow and succeed.
For more information on our end-to-end services, visit: whiplash.com