E-commerce Retailer goPuff Acquires BevMo for $350 Million

Dear Client:  Philadelphia-based e-commerce retailer goPuff announced this afternoon it is acquiring liquor store chain BevMo for $350 million, per a release. GoPuff was founded in 2013 and currently operates in 40 states and delivers to most every major market with the exception of California and New York City. This acquisition helps them to expand into California. BevMo operates more than 160 stores throughout California, Arizona and Washington. The online retailer delivers more than just alcohol, they also deliver a host of