M&A Deal Summary

Pitney Bowes Acquires Print

On July 24, 2006, Pitney Bowes acquired business services company Print from ABS Capital Partners and Concert Capital Partners for 47M USD

Acquisition Highlights
  • This is Pitney Bowes’ 2nd transaction in the Business Services sector.
  • This is Pitney Bowes’ 11th largest (disclosed) transaction.
  • This is Pitney Bowes’ 13th transaction in the United States.
  • This is Pitney Bowes’ 1st transaction in Washington.

M&A Deal Summary

Date 2006-07-24
Target Print
Sector Business Services
Buyer(s) Pitney Bowes
Sellers(s) ABS Capital Partners
Concert Capital Partners
Deal Type Add-on Acquisition
Deal Value 47M USD

Target

Print

Bellevue, Washington, United States
website
Print, Inc. a growing component of the print management market that provides bundled offerings of printer supplies, service and equipment to manage document production.

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Buyer(S) 1

Buyer

Pitney Bowes

Stamford, Connecticut, United States

website


Category Company
Founded 1920
Sector Business Services
Employees11,500
Revenue 3.6B USD (2020)
DESCRIPTION
Pitney Bowes facility in Danbury, Connecticut.
Pitney Bowes facility in Danbury, Connecticut.

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 established in 1920 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 15 of 26
Sector (Business Services) 2 of 2
Type (Add-on Acquisition) 10 of 18
State (Washington) 1 of 2
Country (United States) 13 of 19
Year (2006) 4 of 5
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-05 Advertising Audit Service

Farington Hills, Michigan, United States

Advertising Audit Service, Inc.offerings include web-based tools for digital asset management, ad customization, media fulfillment, and co-op advertising management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Digital Cement

Toronto, Ontario, Canada

Digital Cement is a professional services firm that provides relationship management strategy and services to help companies acquire, retain, manage and grow their customer relationships.

Buy -

Seller(S) 2

SELLER

ABS Capital Partners

Hunt Valley, Maryland, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1990
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ABS Capital Partners is a private equity firm that invests in later-stage growth companies in the healthcare, technology, business services, media and communications sectors. ABS provides capital to help fund growth, provide shareholder liquidity, pursue acquisitions, or to effect a management buyout. The Firm prefers US based business and will consider both majority and minority positions. ABS looks to commit $10 to $30 million per transaction. ABS Capital was formed in 1990 and has offices in Baltimore, Maryland; Waltham, Massachusetts; and San Francisco, California.


DEAL STATS #
Overall 27 of 68
Sector (Business Services) 5 of 9
Type (Add-on Acquisition) 8 of 32
State (Washington) 1 of 2
Country (United States) 27 of 67
Year (2006) 4 of 5
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-19 Advanced Disposal Services

Jacksonville, Florida, United States

Advanced Disposal Services, Inc. is an integrated provider of non-hazardous solid waste collection, transfer, recycling and disposal services operating primarily in secondary markets or under exclusive arrangements. Advanced Disposal has a presence in 18 states across the Midwest, South and East regions of the US. Advanced Disposal Services, Inc. was founded in 2000 and is headquartered in Ponte Vedra, Florida.

Sell $470M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-16 Athletes Performance

Phoenix, Arizona, United States

Athletes' Performance, Inc. is a provider of integrated performance training, nutrition and physical therapy for elite athletes, military and corporations.

Buy -
SELLER

Concert Capital Partners

Newport Beach, California, United States


Category Private Equity Firm
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Concert Capital Partners is a private equity firm that invests in and acquires profitable businesses experiencing rapid growth. Target sectors include consumer products and services, business services, financial services and healthcare. Prospective companies typically generate sales of $10 to $100 million and cash flow of $3 to $15 million. The Firm's investment size is $10 to $40 million. Concert Capital Partners is based in California, with offices in Newport Beach and Kentfield.


DEAL STATS #
Overall 1 of 2
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Washington) 1 of 1
Country (United States) 1 of 2
Year (2006) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-14 HCL Expense Management Services

Rutherford, New Jersey, United States

HCL Expense Management Services, Inc. is a provider of telecom expense management solutions that manage more than $7 billion of telecommunications expenses and offer a full suite of solutions to manage voice, data, wireless and equipment expense to both enterprises and carriers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-25 HCL Expense Management Services

Rutherford, New Jersey, United States

HCL Expense Management Services, Inc. is a provider of telecom expense management solutions that manage more than $7 billion of telecommunications expenses and offer a full suite of solutions to manage voice, data, wireless and equipment expense to both enterprises and carriers.

Sell -