Blank Rome Represents Ryder System, Inc., in Acquisition of Midwest Warehouse & Distribution System to Expand CPG Business
A Blank Rome team represented Ryder System, Inc., a leader in commercial fleet management, dedicated transportation, and supply chain solutions, in its $275M acquisition of all of the outstanding equity of Illinois-based Midwest Warehouse and Distribution System (“Midwest”), which operates nine multi-client and eight dedicated-customer warehouses in five regions, primarily in the greater Chicago area, as well as New York, Pennsylvania, Tennessee, and Texas. Midwest’s offering of warehousing, distribution, and transportation solutions expands Ryder's CPG business. The transaction closed on November 1, 2021.
For more information on this transaction, please read Ryder to Acquire Midwest Warehouse & Distribution System (press release, October 27, 2021). This deal has also received significant media attention, including in The Wall Street Journal, CNN Business, M&A Navigator, MarketWatch, Valdosta Daily Times, South Florida Business Journal, and The Auto Channel.
The Blank Rome team was led by Peter Schnur, Thomas Cournoyer, and Peter Melampy, with support from Joe Gulant, David Gilbert, Lisa Campisi, Hannah Ahn, Naomi Gallimore, Kevin Bruno, and Seth Liebenstein.
JANUARY 2022 UPDATE: Ryder System issued an additional press release announcing the closing of this transaction as well as its acquisition of Whiplash, in which Blank Rome also represented the company: Ryder Completes Two Acquisitions to Expand E-Commerce Fulfillment Network and Add Multi-Client Warehousing Capability (January 4, 2022).