M&A Deal Summary

Ryder System Acquires Whiplash

On December 13, 2021, Ryder System acquired transportation company Whiplash from Port Logistics Group for 480M USD

Acquisition Highlights
  • This is Ryder System’s 17th transaction in the Transportation sector.
  • This is Ryder System’s largest (disclosed) transaction.
  • This is Ryder System’s 17th transaction in the United States.
  • This is Ryder System’s 4th transaction in California.

M&A Deal Summary

Date 2021-12-13
Target Whiplash
Sector Transportation
Buyer(s) Ryder System
Sellers(s) Port Logistics Group
Deal Type Divestiture
Deal Value 480M USD
Advisor(s) J.P. Morgan Securities (Financial)
Paul Hastings (Legal)

Target

Whiplash

City of Industry, California, United States
website
Whiplash is an e-commerce technology company providing best-in-class integration, order management system (OMS), and warehouse management system (WMS) capabilities to emerging brands. Whiplash was founded in 2009 and is based in the City of Industry, California.

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Buyer(S) 1

Buyer

Ryder System

Miami, Florida, United States

website


Category Company
Founded 1933
Sector Transportation
Employees39,000
Revenue 12.0B USD (2022)
DESCRIPTION
Entrance to Ryder System's corporate headquarters in Miami, Florida.
Entrance to Ryder System's corporate headquarters in Miami, Florida.

Ryder System is a global provider of commercial fleet management and supply chain solutions. Ryder operates in two business segments: Fleet Management Solutions (FMS), which provides full service leasing, commercial rental, contract maintenance, and contract-related maintenance of trucks, tractors and trailers to customers principally in the U.S., Canada and the U.K.; and Supply Chain Solutions (SCS), which provides comprehensive supply chain solutions including distribution and transportation services in North America and Asia. The SCS segment also provides dedicated services, which includes vehicles and drivers as part of a dedicated transportation solution in the U.S. Ryder's customers range from small businesses to large international enterprises. Ryder System was founded in 1933 and is based in Miami, Florida.


DEAL STATS #
Overall 23 of 27
Sector (Transportation) 17 of 19
Type (Divestiture) 3 of 3
State (California) 4 of 5
Country (United States) 17 of 21
Year (2021) 2 of 2
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Midwest Warehouse & Distribution System

Woodridge, Illinois, United States

Midwest Warehouse & Distribution System provides warehousing, distribution, and transportation solutions primarily for food, beverage, and consumer packaged goods (CPG) companies. Midwest Warehouse & Distribution System was founded in 1982 and is based in Woodridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-13 Ryder System - Trailer Leasing & Maintenance Business

Miami, Florida, United States

Trailer Leasing & Maintenance Business offers bumper-to-bumper maintenance even tires and brakes that are considered wear and tear equipment coverage on new and pre-owned trucks, tractors, and trailers. The industry’s only solution that gives you the ability to choose the truck lease you need with the built-in truck maintenance that fits your business.

Sell -

Seller(S) 1

SELLER

Port Logistics Group

City of Industry, California, United States

website


Category Company
Founded 2008
Sector Transportation
DESCRIPTION

Port Logistics Group, Inc. is a provider of logistics services that support major retailers and retail manufacturers at all major U.S. port locations with experienced teams, leading-edge technology, and nearly 5 million square feet of multi-client and dedicated warehouse space. Port Logistics Group was founded in 2008 and is based in City of Industry, California.


DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-24 Whiplash

City of Industry, California, United States

Whiplash is an e-commerce technology company providing best-in-class integration, order management system (OMS), and warehouse management system (WMS) capabilities to emerging brands. Whiplash was founded in 2009 and is based in the City of Industry, California.

Buy -