The e-commerce fulfillment service provider Stord today said it has closed its acquisition of UPS’ shared-warehousing division, Ware2Go, and launched a partnership with UPS to provide transportation and delivery services.
Terms of the deal were not disclosed, but Stord said it has added 21 new fulfillment centers to its network, including 2.5 million square feet of DC space and an end-to-end platform of warehouse management system (WMS), order managed system (OMS), and customer experience (CX) software.
According to Atlanta-based Stord, those new assets complement its existing 11-node North American footprint, making it one of the largest fulfillment networks in volume and reach.
Founded in 2018 as a UPS subsidiary, Ware2Go specializes in asset-light, direct to consumer (D2C) and business to business (B2B) fulfillment across an array of industries, including ready-to-drink beverages, skin care, supplements, and electronics. The company’s service offerings include direct-to-consumer shipping, seller fulfilled prime (SFP), and retail compliant B2B shipments.
Stord said it made the move as more e-commerce brands seek to establish greater operational capabilities in the United States, and need fast, cost-effective fulfillment.
“We are in a unique period for e-commerce and retail as brands struggle to manage through shifting global trade policies. Even with macro uncertainty, e-commerce end consumers still expect rapid delivery, perfect order accuracy, easy returns, and more,” Sean Henry, CEO and co-founder of Stord, said in a release. “This acquisition of Ware2Go is a strategic investment that expands our U.S. domestic footprint and capabilities while strengthening our partnership with UPS. This partnership will allow us to deploy our technology across the Ware2Go network, enhance offerings for our joint customers, and combine our scale to be one of the largest fulfillment networks in North America.”
This acquisition follows additional buyouts by Stord over the past year, including Fulfillment Works, ProPack, and Pitney Bowes E-Commerce. The well-financed startup raised a $120 million series D round in 2022 and another $200 in a series E round last week.
