Ryder Agrees To Acquire All Of The Outstanding Equity Of IFS Holdings, Also Known As Impact Fulfillment Services; No Terms Disclosed
Portfolio Pulse from Benzinga Newsdesk
Ryder has agreed to acquire all outstanding equity of IFS Holdings, also known as Impact Fulfillment Services. The deal includes 15 operations across multiple states and is expected to add approximately $250 million in annual total revenue to Ryder's supply chain solutions business segment. The transaction is expected to be accretive to shareholders.
October 23, 2023 | 10:58 am
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Ryder's acquisition of IFS Holdings is expected to boost its annual revenue by $250 million. This could potentially increase shareholder value.
The acquisition of IFS Holdings by Ryder is expected to add significant revenue to its supply chain solutions business. This could potentially increase the company's profitability and hence its stock price. The news is highly relevant and important for Ryder's investors.
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RELEVANCE 100