FedEx Mergers and Acquisitions Summary

Transportation Company

FedEx has acquired 23 companies, including 5 in the last 5 years. A total of 3 acquisitions came from private equity firms.

FedEx’s largest acquisition to date was in 2016, when it acquired TNT Express NV for $4.8B. FedEx has acquired in 8 different US states, and 11 countries. The Company’s most targeted sectors include transportation (87%) and business services (10%).

Join Mergr and gain access to FedEx’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the transportation sector.

M&A Summary

  • M&A Total Activity22
    • M&A Buy Activity22
  • Total Sectors Invested 3
  • Total Countries Invested 11
  • M&A Buy/Sell Connections 6
  • M&A Advisors 4

FedEx Corp. (FedEx)

942 South Shady Grove Road,
Memphis, Tennessee 38120
United States,
(901) 818-7500
www.fedex.com

FedEx is a global transportation and logistics company. FedEx provides a broad portfolio of transportation, e-commerce and business services through four segments. FedEx Express is the world’s largest express transportation company, offering time-certain delivery within one to three business days and serving markets that comprise more than 90% of the world’s gross domestic product. FedEx Ground is a North American provider of small-package ground delivery services. FedEx Ground provides low-cost, day-certain service to every business address in the United States and Canada, as well as residential delivery to nearly 100% of U.S. residences through its FedEx Home Delivery service. The FedEx Ground segment also includes FedEx SmartPost, Inc., which specializes in the consolidation and delivery of high volumes of low-weight, less time-sensitive business-to-consumer packages using the U.S. Postal Service for final delivery to any residential address or PO Box in the United States. FedEx Freight is a North American provider of less-than-truckload freight services. The FedEx Freight segment also offers freight delivery service throughout Canada and Mexico and includes FedEx Custom Critical, Inc., a leading North American provider of time-specific, critical shipment services. FedEx Services provides companies with sales, marketing, information technology, communications and back-office support. The FedEx Services segment also includes FedEx TechConnect, Inc., which is responsible for customer service, billings and collections for our U.S. customers and offers technical support services, and FedEx Office, which provides an array of document and business services and retail access to FedEx Express and FedEx Ground shipping services. FedEx was founded in 1971 and is based in Memphis, Tennessee.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 18 - 2 1 1 - 22
vol $10.3B $142M $10.4B
Sell (0.0/yr) # - - - - - - 0
  22

Most Recent M&A

Company Date Value Type
ShopRunner, Inc. 2020-12-02 - Divestiture
King of Prussia, Pennsylvania · www.shoprunner.com
Cargex S.A. 2019-08-29 - Add-on Acquisition
Bogota, Colombia
Manton Air-Sea Pty Ltd. 2018-10-18 - Add-on Acquisition
Botany, Australia · www.mantonairsea.com.au
P2P Mailing Ltd. 2018-03-27 142M GBP Add-on Acquisition
Basildon, United Kingdom · www.p2pmailing.co.uk
TNT Express NV 2016-05-25 4.8B USD Add-on Acquisition
Hoofddorp, Netherlands · www.tnt.com
Bongo International LLC 2014-12-16 - Add-on Acquisition
St. Petersburg, Florida · www.bongous.com
GENCO Distribution System, Inc. 2014-12-15 - Add-on Acquisition
Pittsburgh, Pennsylvania · www.genco.com
Rapidão Cometa Logistica e Transporte S.A. 2012-07-04 - Add-on Acquisition
Recife, Brazil · www.rapidaocometa.com.br
Opek Sp.z o.o. 2012-06-14 54M USD Add-on Acquisition
Lomianki, Poland · www.opek.com.pl
TATEX SAS 2012-05-10 55M USD Divestiture
Tours, France · www.tatexpress.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
GENCO Distribution System, Inc. 2014-12-15 Genco Pharmaceutical Services 2019-02-04 1
Pittsburgh, Pennsylvania · www.genco.com Milwaukee, Wisconsin

M&A by Sector

Sector Buy # Value Sell # Value
Transportation 19 (86%) 8.0B (77%) - -
Business Services 2 (9%) 2.4B (23%) - -
Internet Software and Services 1 (5%) - - -
Total 22 $10.4B - -

By Geo

State/Country Buy Value Sell Value
United States 10 5.1B - -
  Pennsylvania 2 - - -
  Florida 2 780M - -
  Wisconsin 1 120M - -
  Texas 1 2.4B - -
  Ohio 1 - - -
  Minnesota 1 - - -
  California 1 880M - -
  Arkansas 1 950M - -
India 2 33M - -
United Kingdom 2 326M - -
Australia 1 - - -
Brazil 1 - - -
Colombia 1 - - -
France 1 55M - -
Hungary 1 - - -
Mexico 1 - - -
Netherlands 1 4.8B - -
Poland 1 54M - -
Domestic 10 (45%) 5.1B (49%) - -
Cross-border 12 (55%) 5.3B (51%) - -
Total 22 $10.4B - -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities LLC
5
Bank of America Merrill Lynch (BofA Securities)
1
Legal Deals
Baker & McKenzie LLP
2
NautaDutilh N.V.
1

Deal Values

buy # Total
> $1B 2 $7.2B
$100M to $1B 6 $3.1B
< $100M 3 $142M
TOTAL $10.4B
Largest TNT Express NV
$4.8B (2016-05-25)

M&A Connections

Deals
Acquired from
Investor(s)
9%
2 (9%)
Strategic(s)
14%
3 (14%)

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