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Stord completes acquisition of ProPack Logistics to expand fulfillment network for omnichannel brands

Apr 05, 2024over 1 year ago

Acquiring Company

Stord

Acquired Company

ProPack Logistics

AtlantaBlaineLogisticsTransportationSupply Chain ManagementDietary Supplements

Description

Stord has strategically acquired ProPack Logistics to expand its fulfillment network throughout the United States and Canada. This acquisition accelerates Stord’s revenue and volume scale, and cements its position as a leading North American eCommerce and fulfillment platform.

Company Information

Company

Stord

Location

5195 Mason Rd

Atlanta, Georgia, United States

About

Stord is the leading commerce enablement platform that powers seamless checkout and delivery experiences for brands across all channels. Stord partners with hundreds of brands to grow revenue, reduce operational expenses, and delight shoppers – Stord manages over $5B+ of commerce annually. With Stord, brands can increase cart conversion, improve unit economics, and drive customer loyalty. Stord’s end-to-end commerce solutions combine best-in-class omnichannel fulfillment and shipping with leading technology to ensure fast shipping, reliable delivery promises, easy access to more channels, and improved margins on every order.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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