Beverages

goPuff Closes on BevMo Acquisition

Delivery app will expand network in California
GoPuff
Photograph: Shutterstock

PHILADELPHIA — GoPuff has closed on its acquisition of alcohol beverage retailer BevMo, the companies announced.

BevMo, Concord, Calif., will continue to operate its 161 brick-and-mortar stores throughout California while goPuff will expand its network of local micro-fulfillment centers on the West Coast by integrating its technology and delivery solution with BevMo’s infrastructure.

More Californians will have access to goPuff’s items, similar to what customers would find in a convenience store, starting in 2021.

“We are pleased to complete this transaction and to formally mark the beginning of this exciting new phase for goPuff and BevMo,” said goPuff co-founder and co-CEO Rafael Ilishayev. “At the core of both of our businesses is a commitment to serving our customers, and we are confident that together we can transform how customers on the West Coast access instant needs—from everyday essentials and local favorites to a wide range of alcohol products that have made BevMo such a beloved brand.”

Philadelphia-based goPuff is an app-powered delivery company that operates in more than 500 cities. In October, the company said it raised $380 million in new funding to further accelerate its geographic expansion, product category offerings and investment in talent. GoPuff has micro-fulfillment centers in every market it serves and delivers products for a flat $1.95 delivery fee. It is open 24/7 in many markets and late night everywhere else.

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