High-growth Colorado company buys Riverside fulfillment/logistics provider
Riverside-based Innovative Fulfillment Solutions was sold to Symbia Logistics of Edwards, Colo., for an undisclosed amount.
Symbia Logistics is a privately held family business with warehouses throughout the U.S. and Canada. It provides supply chain support to a variety of industries, including sporting goods, apparel, dry grocery, health and beauty, aerospace, chemical, industrial goods, kitting and direct-to-consumer fulfillment services. Symbia made the 2017 Inc. 5000 ranking of the fastest-growing companies, with 250 employees, $27 million in 2016 revenue and three-year growth of 5,165 percent. Today, the company has 1,400 employees and $65 million to $80 million in annual revenue.