By Yakir Gola November 5, 2020
Update: Gopuff announced the close of its acquisition of BevMo! on December 1, 2020. Click here to learn more.
As we continue on our journey to become the world’s go-to solution for everyday needs, we announced that Gopuff and BevMo! entered into an agreement to acquire BevMo!, the leading specialty beverage retailer on the West Coast.
The acquisition significantly accelerates Gopuff’s entry into California, and will provide millions of new customers in BevMo!’s network of neighborhood stores with access to immediate delivery of everyday items, including baby and pet products, cleaning supplies, food and alcohol, along with local favorites.
BevMo! has an extremely loyal customer base and a deep infrastructure across three states. Bringing its iconic brand, locations and employees together with Gopuff’s tech-driven, vertically integrated operating model positions us for unparalleled opportunity. We’re thrilled to welcome BevMo! employees to the Gopuff team and look forward to building relationships with these new local communities.
“Joining Gopuff, a company that has created a truly differentiated approach and defined the instant needs category, will allow us to better meet our consumers’ evolving needs, including delivering everyday essentials directly to their doorstep. We look forward to helping introduce Gopuff to California and working together to further enhance the experience for BevMo! customers and our communities at large.”Josiah Knutsen, CEO of BevMo!
BevMo!’s footprint of 161 neighborhood stores located throughout California, Arizona and Washington provides extensive infrastructure for Gopuff to seamlessly integrate into its network of local micro-fulfillment centers, enabling it to reach customers across the West Coast in 30-minutes or less. Through Gopuff, BevMo! customers will soon have access to instant delivery of alcoholic beverages as well as everyday items across Gopuff’s rapidly expanding product inventory.
“On behalf of TowerBrook and the board, we want to thank the thousands of dedicated and talented employees that have helped make BevMo! the beloved brand it is today,” said Cathy Stauffer, Chairman of BevMo!. “Gopuff shares our commitment to a superior customer experience and providing ultimate convenience. With different roots, but highly complementary business models, values and goals, Gopuff is a perfect fit for BevMo!’s next chapter.”
This is a huge move for our company and we want to thank our customers, employees and driver partners for your incredible work and support over the years. We remain committed as ever to furthering Gopuff’s mission to become the world’s go-to solution for immediate everyday needs and are so excited about what lies ahead.