Communiqué de presse

GXO to acquire PFSweb

Greenwich, USA  |  septembre 14, 2023

  • Acquisition of leading U.S.-based eCommerce order fulfillment platform expands GXO’s presence in North America, increases exposure to compelling, high-growth verticals and adds key service capabilities.
  • Transaction expected to close in fourth quarter 2023.

GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, and PFSweb, Inc. (Nasdaq: PFSW), a premier, tech-enabled eCommerce order fulfillment platform based in the United States, today announced they have entered into a definitive agreement pursuant to which GXO will acquire PFSweb for $7.50 per share in cash, representing an equity value of approximately $181 million. The enterprise value is $142 million and includes PFSweb’s cash balance of $39 million at June 30, 2023.

Texas-based PFSweb is a leading e-commerce order fulfillment provider, serving some of the most iconic luxury brands in the world through 11 distribution centers across North America, Belgium, and the U.K. PFSweb has significant expertise delivering seamless, high touch fulfillment in key growth verticals, including health & beauty, jewelry and collectibles, activewear, and prestige CPG categories, where it has established lasting relationships through an array of solutions and services that deliver an unforgettable unboxing experience.

GXO CEO Malcolm Wilson said, “PFS is an ideal acquisition for GXO: it enhances our exposure to new high-growth verticals in North America and adds important capabilities to our offerings. Over the past 25 years, the PFS team has established a successful track record in both direct to consumer and B2B channels, and they’ve built a rock-solid reputation with many of the world’s most iconic brands by deploying an order fulfillment platform that rivals the largest enterprise 3PL providers in the industry. We’re excited to bring them on board and look forward to driving additional shareholder value through disciplined capital allocation and continued investment in high growth opportunities.”

Strategic Benefits:

  • GXO to immediately add to its customer portfolio in short cycle, high volume product categories.
  • GXO to further expand its U.S. offering in cosmetics and luxury leveraging PFSweb’s client relationships that service more than 100 brands, including L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, and the United States Mint.
  • GXO to capitalize on PFSweb’s technology and services with expanded offerings to GXO’s current North America and European customers.
  • In addition to an end-to-end 3PL fulfillment offering, PFSweb provides three value added services that will expand GXO’s suite of capabilities: payments and fraud protection, customer care and distributed order orchestration systems.

PFSweb CEO Mike Willoughby said, “GXO’s industry leadership, global scale and significant capital resources make their platform a strong strategic partner for PFS. In joining GXO, we can deliver our proven, branded order fulfillment and support services to an expanded base of premier clients, as well as further enhance GXO’s global fulfillment network. The GXO team shares our commitment to top-quality client relationships and execution, and we look forward to our future together.”

Terms of the Transaction

The merger agreement provides for GXO, through a subsidiary, to commence a tender offer to acquire all outstanding shares of PFSweb at an all-cash price of $7.50 per share of PFSweb common stock. The closing of the tender offer will be subject to certain conditions, including the tender of at least a majority of the outstanding shares of PFSweb common stock, the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act and other customary closing conditions. Upon the successful completion of the tender offer, GXO will acquire all shares not acquired in the tender through a second-step merger. The transaction is expected to close in the fourth quarter of 2023.


Le conseiller financier de GXO pour la transaction a été Goldman Sachs, et son conseiller juridique a été Wachtell, Lipton, Rosen & Katz. Le conseiller financier de PFSweb pour la transaction a été Raymond James & Associates, Inc. et son conseiller juridique a été FisherBroyles, LLP.

A propos de GXO Logistics

GXO logistics, Inc. (NYSE : GXO) est le plus grand prestataire pure-player de logistique contractuelle au monde et bénéficie de la croissance rapide du e-commerce, de l'automatisation et de l'externalisation. GXO s'engage à fournir un environnement de travail diversifié de niveau international à ses 130 000 collaborateurs répartis sur 970 sites totalisant une surface d’environ 18,5 millions de mètres carrés d’entreposage. L'entreprise collabore avec des clients d’envergure internationale pour relever des défis logistiques complexes grâce à des solutions technologiquement avancées et des solutions pour le e-commerce à grande échelle et d’implémentation rapide. Le siège social de GXO est situé à Greenwich, dans le Connecticut, aux États-Unis. Rendez-vous sur 

About PFSweb

PFS, the business unit of PFSweb, Inc. (NASDAQ: PFSW) is a premier eCommerce order fulfillment provider. We facilitate each operational step of an eCommerce order in support of DTC and B2B retail brands and specialize in health & beauty, fashion & apparel, jewelry, and consumer packaged goods. Our scalable solutions support customized pick/pack/ship services that deliver on brand ethos with each order. A proven order management platform, as well as high-touch customer care, reinforce our operation. With 20+ years as an industry leader, PFS is the BPO of choice for brand-centric companies and household brand names, such as L’Oréal USA, Champion, Pandora, Shiseido Americas, Kendra Scott, the United States Mint, and many more. The company is headquartered in Irving, TX with additional locations around the globe. For more information, visit or for investor information.


GXO Investors

Chris Jordan

+1 (203) 536-8493

[email protected]

PFSweb, Inc. Investor Relations

Cody Slach or Jackie Keshner, Gateway Group, Inc.


[email protected]