Don't Miss It: Hot Deals & Firms We're Following This Week
Blank Rome's successful representation of Ryder System, Inc. in its $120 million acquisition of all outstanding equity of MXD Group was featured in Law360's weekly "Hot Deals & Firms We're Following" roundup. To learn more about this deal, please click here.
Fleet management and transportation company Ryder System Inc. has agreed to buy e-commerce fulfillment provider MXD Group for about $120 million, the companies announced on Monday.
The deal adds to Ryder’s portfolio 109 e-commerce fulfillment facilities across the U.S. and Canada, including 21 MXD-operated cross dock hubs, 16 dedicated operations, and a network of 72 third-party agent facilities. The acquisition also includes proprietary order management and visibility technology.
Robert Sanchez, chairman and CEO of Ryder, said in a statement that the acquisition of MXD is “one of several” deals the company intends to make in order to “overcome the disruptions we are seeing in the market today and to position Ryder for future growth.”
Blank Rome LLP represented Ryder. The deal team included Peter Schnur and Kevin Bruno (leads); Thomas Cournoyer, Ari Pozez amd Joseph Doloboff (tax); and Jonathan Clark.
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