Pitney Bowes - M&A Summary and Business Overview

Business ServicesCompany

Pitney Bowes M&A Summary

Pitney Bowes has acquired 27 companies, including 1 in the last 5 years. A total of 4 acquisitions came from private equity firms. It has also divested 7 assets.

Pitney Bowes’ largest acquisition to date was in 2017, when it acquired Newgistics for $475M. It’s largest disclosed sale occurred in 2019, when it sold Pitney Bowes - Software Solutions Business to Precisely for $700M. Pitney Bowes has acquired in 12 different US states, and 5 countries. The Company’s most targeted sectors include internet software and services (31%) and communications (20%).

Pitney Bowes Business Overview

Where is Pitney Bowes headquartered?

Pitney Bowes is headquartered in Stamford, Connecticut.

What is Pitney Bowes’ revenue?

Pitney Bowes disclosed revenue of 3,266M USD for 2023 and 3,538M USD for 2022.

How many employees does Pitney Bowes have?

Pitney Bowes has 10,500 employees.

What sector is Pitney Bowes in?

Pitney Bowes is a business services company.

When was Pitney Bowes founded?

Pitney Bowes was founded in 1920.

M&A Summary

  • M&A Total Activity33
    • M&A Buy Activity26
    • M&A Sell Activity7
  • Total Sectors Invested 10
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 15
  • M&A Advisors 2

Pitney Bowes

Pitney Bowes, Inc.

3001 Summer Street,
Stamford, Connecticut 06926
United States,
(203) 356-5000
www.pitneybowes.com

Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Many of the company's solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 25 - 1 - - - 26
vol $2.5B $2.5B
Sell (0.2/yr) # 6 - 1 - - - 7
vol $1.8B $1.8B
  33

Most Recent M&A

Company Date Value Type
Cresco Data Pte Ltd. 2021-11-04 - Add-on Acquisition
Singapore, Singapore · www.crescodata.com
Tacit Knowledge 2021-05-29 - Divestiture
London, United Kingdom · www.tacitknowledge.com
Pitney Bowes, Inc. - Software Solutions Business 2019-08-26 700M USD Divestiture
Stamford, Connecticut
DMT Solutions Global Corp. 2018-04-30 361M USD Divestiture
Danbury, Connecticut · www.bluecrestinc.com
Newgistics, Inc. 2017-09-06 475M USD Add-on Acquisition
Austin, Texas · www.newgistics.com
PPS Business Corp. (dba ProSORT Services) 2017-02-15 - Divestiture
Naperville, Illinois · www.prosort.com
Maponics LLC 2016-07-25 - Add-on Acquisition
White River Junction, Vermont · www.maponics.com
Enroute Systems Corp. 2016-01-12 - Add-on Acquisition
Bellevue, Washington · www.enroutecorp.com
Borderfree, Inc. 2015-06-10 - Add-on Acquisition
Shelton, Connecticut · www.borderfree.com
MYMOVE, LLC 2015-05-11 310M USD Divestiture
Fort Mill, South Carolina · www.mymove.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 8 (31%) 502M (20%) - -
Communications 5 (19%) 507M (20%) - -
Information Technology 3 (12%) 472M (19%) 2 (29%) 400M (23%)
Business Services 2 (8%) 47M (2%) 2 (29%) -
Software 2 (8%) 362M (14%) 1 (14%) 700M (40%)
Marketing 2 (8%) 40M (2%) - -
Consumer Services 1 (4%) 230M (9%) 1 (14%) 310M (18%)
E-Commerce 1 (4%) - - -
Electronics 1 (4%) 67M (3%) - -
Energy Services and Equipment 1 (4%) 290M (12%) - -
Machinery - - 1 (14%) 361M (20%)
Total 26 $2.5B 7 $1.8B

By Geo

State/Country Buy Value Sell Value
United States 19 1.9B 5 1.8B
  Michigan 4 51M - -
  Connecticut 1 - 2 1.1B
  Washington 2 47M - -
  New York 2 501M - -
  Maryland 2 371M - -
  Indiana 2 - - -
  Texas 1 475M 1 400M
  South Carolina 1 230M 1 310M
  Vermont 1 - - -
  Rhode Island 1 67M - -
  Nebraska 1 130M - -
  Illinois 1 - - -
  New Jersey - - 1 -
United Kingdom 2 331M 1 -
Canada 2 40M - -
  Ontario 2 40M - -
France 2 275M - -
Singapore 1 - - -
Spain - - 1 -
Domestic 19 (73%) 1.9B (74%) 5 (71%) 1.8B (100%)
Cross-border 7 (27%) 646M (26%) 2 (29%) -
Total 26 $2.5B 7 $1.8B

Top M&A Advisors

Financial Deals
Goldman Sachs
 1
Legal Deals
Debevoise & Plimpton
 1

Deal Values

buy # Total
$100M to $1B 7 $2.2B
< $100M 8 $352M
TOTAL $2.5B
Largest Newgistics, Inc.
$475M (2017-09-06)
sell # Total
$100M to $1B 4 $1.8B
TOTAL $1.8B
Largest Pitney Bowes, Inc. - Software Solutions Business
$700M (2019-08-26)

M&A Connections

Deals
Acquired from
Investor(s)
12%
3 (12%)
Strategic(s)
15%
4 (15%)
Divested to
Investor(s)
57%
4 (57%)
Strategic(s)
43%
3 (43%)

Company Summary

SECTOR

Business Services

Revenue

3,266   8% 2023
3,538   4% 2022
3,674   4% 2021
3,554   11% 2020
3,205   10% 2019
3,522   1% 2018
3,550   5% 2017
3,407   5% 2016
3,578   7% 2015
3,822   1% 2014
3,791   1% 2013
3,823   2012
(millions of USD) Show More Show Less

Employees

10,500

Established

1920

Public

NYSE: PBI

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