Riverstone Logistics (RLX), a leading provider of logistics services in North America, has announced the acquisition of Ralph’s Transfer Co Inc, a final mile logistics provider, based in Tampa, FL.
Evan Wahl, Manager, Marketing & Events
With the acquisition, RLX will expand its final-mile services footprint in Florida and within the appliance vertical. The acquisition complements an already robust network of dedicated and comingled services within RLX’s final-mile, big and bulky service offerings.
With remarkable growth from 50 to 640 employees across three countries in just two years, RLX stands out as the fastest-growing final-mile services provider in North America.
“We’re delighted to welcome the Ralph’s Transfer team into the RLX family. Our shared beliefs and combined footprint make this a great fit,” said Charlie Workmon, CEO of RLX. “Our collective industry expertise and mutual commitment to a client-centric model, along with our emphasis on a people-first culture, will make for a seamless transition.”
Robert Benfield, President and CEO of Ralph’s, commented on the acquisition, saying, “Selling Ralph’s Transfer, a company that my late father, Ralph Benfield, started in 1965, was never going to be easy. After getting to know Riverstone and understanding their Company Beliefs and dedication to their customers and employees, I am confident that it was the right decision to make and a decision that my father would have approved. I wish Riverstone the very best in all that they set out to accomplish.”
The acquisition is the latest in a series of growth-minded initiatives that RLX has undertaken over the last year. In addition to final-mile growth, RLX has expanded its service offerings to include Middle Mile services, Freight Forwarding, Warehousing, and more.
“We’ll continue to be opportunistic and aggressive in growing RLX’s reach within logistics, while never losing sight of the Company’s Purpose and the Beliefs that have guided us this far,” said Workmon.
