Recent investment in the supply chain has increasingly grown as e-commerce drives shipping further and disruption makes headlines. ShipHero follows numerous other mergers and acquisitions with its purchase of Canadian delivery provider Delivery Net, which consists of 250,000 square feet of warehousing in Toronto. ShipHero's business includes both cloud operations and fulfillment services. Delivery Net will serve as a 3PL extension in Canada for the company.
Per PR Newswire:
- ShipHero now offers fulfillment services out of both locations plus duty-free imports through its Section 321 certification, in addition to integrated zone skipping in its top-rated Warehouse Management Services (WMS) for all Canadian Customers.
- This activity is the latest in a series of strategic gains made by ShipHero since closing its series-A funding round in 2021, which include the acquisitions of Utah-based warehouse Golden Egg Solutions and Florida's Cargo Cove, alongside a 200,000-square-foot warehouse expansion in North Las Vegas at the close of Q3 2021. In total, ShipHero has expanded its footprint to a total 1.1 million square feet, including 5 acquisitions in the last 12 months.
"Currently, we serve over $8 billion a year of GMV. That significant volume, paired with an unpredictable and fast-growing e-commerce sector, makes expanding our physical network a necessary step in order to optimize the tools and resources we can offer customers" says Aaron Rubin, CEO and founder of ShipHero.
