US' Ryder buys Dotcom Distribution to reinforce e-commerce portfolio

Additionally, Dotcom Distribution’s experienced leadership team, including founder and CEO Maria Haggerty, and the company’s operations team, totalling approximately 100 full-time employees, will join Ryder to ensure a smooth transition for customers, Ryder said in a press release.

With this acquisition, Ryder continues to further increase its national footprint. Earlier this year, Ryder announced the acquisition of another e-commerce and omnichannel fulfilment 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. 

“Dotcom Distribution has been doing e-fulfilment 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,” said Steve Sensing, president of supply chain solutions for Ryder. “This acquisition also affords us the opportunity to expand our e-fulfilment 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 fulfilment, 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,” said Haggerty. 

Ryder’s e-commerce and omnichannel fulfilment solution now delivers to 100 per cent of the US within two days and 60 per cent of the US within one day. 

“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 fulfilment technology delivers,” said Jeff Wolpov, senior vice president of Ryder E-commerce by Whiplash. 

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. 

Fibre2Fashion News Desk (DP)