Blank Rome Represents Ryder System in Its $480M Acquisition of Whiplash
A Blank Rome team is representing Ryder System, Inc., a leader in commercial fleet management, dedicated transportation, and supply chain solutions, in its $480M acquisition of Whiplash, a leading national provider of omnichannel fulfillment and logistics services. The transaction is accretive to shareholders and is expected to be completed in late December 2021 or early January 2022.
Based in City of Industry, California, Whiplash provides scalable e-commerce and omnichannel fulfillment solutions to an impressive roster of more than 250 brands. The company’s 19 dedicated and multi-client warehouses total nearly seven million square feet and provide access to key port operations and gateway markets. Once completed, the transaction will add significant gross revenue to Ryder’s supply chain solutions business segment and provide incremental growth to Ryder’s earnings in 2022.
For more information, please read Ryder to Acquire Nationwide E-Commerce and Omnichannel Fulfillment Provider Whiplash (press release, December 13, 2021).
The Blank Rome team was led by Peter Schnur, Thomas Cournoyer, Eli Helfgott, and Peter Melampy, with support from Kevin Bruno, Joe Gulant, David Gilbert, Lisa Campisi, Hannah Ahn, Adam Seiden, Andrae Nelson, Stuart Kaplan, Bruce Eisenberg, Mary Ann Knoeckel, Blake Fink, Jeremy Rist, and Michael Kadlec.
The Blank Rome team recently represented Ryder System, Inc. in its $275M acquisition of all of the outstanding equity of Illinois-based Midwest Warehouse and Distribution System, which closed on November 1, 2021.
JANUARY 2022 UPDATE: Ryder System announced the formal closing of this transaction in their press release, Ryder Completes Two Acquisitions to Expand E-Commerce Fulfillment Network and Add Multi-Client Warehousing Capability (January 4, 2022).