Stord has acquired 3PL AMS Fulfillment for an undisclosed amount, its 12th takeover and largest deal to date, two weeks after securing a $400 million credit facility led by Citi. California-based AMS processes more than 10 million orders a year for beauty, wellness, and direct-to-consumer brands. The deal adds over 1 million square feet across Los Angeles, Salt Lake City, and Philadelphia metro hubs, pushing Stord's network past 100 locations. The purchase follows a $250 million Series F in May that funded Stord Labs, its robotics and AI arm, and continues a run that included January's Shipwire acquisition from CEVA Logistics.
According to DC Velocity, warehousing third-party logistics provider Stord has acquired the 3PL AMS Fulfillment for an undisclosed amount, marking its 12th takeover and the largest acquisition in the Atlanta-based company’s history.
The deal arrives just two weeks after Stord secured $400 million in financial backing. Valencia, California-based AMS Fulfillment processes more than 10 million orders per year for beauty, wellness, and high-velocity direct-to-consumer brands, according to the company.
Stord said the purchase adds over 1 million square feet across key East and West Coast hubs, including the Los Angeles, Salt Lake City, and Philadelphia metro areas, and brings millions of annual orders onto its platform. Stord’s global network now spans more than 100 locations.
A year of capital building and expansion
Stord had ample leverage for the purchase. In October, it secured a $400 million credit facility led by Citi, closely following a $250 million Series F venture capital round in May, according to the report.
Backed by the Series F, Stord launched Stord Labs, its dedicated robotics deployment arm and data foundry. The company is directing the capital toward expanding its fulfillment network across the U.S. and internationally, and toward accelerating investment in robotics and AI at Stord Labs.
The AMS deal extends a run of acquisitions. Earlier this year, Stord bought Shipwire from CEVA Logistics in January. In recent years it has also snapped up Fulfillment Works, ProPack, Pitney Bowes E-Commerce Fulfillment, and UPS’ Ware2Go.
CEO frames scale as the driver
Sean Henry, CEO and Co-Founder of Stord, tied the acquisition to consumer expectations formed after checkout and to the cost and speed advantages he associates with scale.
“In modern commerce, what happens after checkout has become as important to consumer trust as the product itself,” said Sean Henry, CEO and Co-Founder of Stord. “We have spent a decade building the leading fulfillment network and end-to-end commerce platform, leveling the playing field for brands with Prime-like speed and reliability. This year, Stord has added the scale, leadership, network infrastructure, capital, and technology to extend that experience. AMS further accelerates our scale, while bringing some of the most discerning brands in the industry onto our platform. In commerce, scale drives lower costs, faster speeds, and more trust with consumers—powering Stord’s flywheel. This deal spins our flywheel even faster, and we are entering peak shipping season with more capabilities, intelligence, and momentum than at any point in our history.”
Stord said the transaction is its largest to date and positions it to enter peak shipping season with added capacity and technology. The financial terms of the AMS purchase were not disclosed.
Source: DC Velocity
Compiled from international media by the SCI.AI editorial team.
