Pitney Bowes Mergers and Acquisitions Summary

Business ServicesCompany

Pitney Bowes has acquired 26 companies, including 4 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 Syncsort for $700M. Pitney Bowes has acquired in 12 different US states, and 4 countries. The Company’s most targeted sectors include internet software and services (28%) and communications (20%).

Join Mergr and gain access to Pitney Bowes’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the business services sector.

M&A Summary

  • M&A Total Activity32
    • M&A Buy Activity25
    • M&A Sell Activity7
  • Total Sectors Invested 10
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 16
  • 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 established in 1920 and is based in Stamford, Connecticut.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.4/yr) # 23 2 - - - - 25
vol $2.0B $475M $2.5B
Sell (0.6/yr) # 4 - 1 1 - 1 7
vol $710M $361M $700M $1.8B
  32

Most Recent M&A

Company Date Value Type
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
BlueCrest, Inc. 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
Pitney Bowes, Inc. - 6 European companies 2014-01-01 - Divestiture
, Spain
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 7 (28%) 502M (20%) - -
Communications 5 (20%) 507M (20%) - -
Business Services 2 (8%) 47M (2%) 3 (43%) 400M (23%)
Information Technology 3 (12%) 472M (19%) 1 (14%) -
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 25 $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 - 3 1.5B
  Maryland 2 371M - -
  Indiana 2 - - -
  Washington 2 47M - -
  New York 2 501M - -
  South Carolina 1 230M 1 310M
  Illinois 1 - - -
  Vermont 1 - - -
  Texas 1 475M - -
  Rhode Island 1 67M - -
  Nebraska 1 130M - -
  New Jersey - - 1 -
United Kingdom 2 331M 1 -
Canada 2 40M - -
  Ontario 2 40M - -
France 2 275M - -
Spain - - 1 -
Domestic 19 (76%) 1.9B (74%) 5 (71%) 1.8B (100%)
Cross-border 6 (24%) 646M (26%) 2 (29%) -
Total 25 $2.5B 7 $1.8B

Top M&A Advisors

Financial Deals
Goldman Sachs Investment Banking Division
1
Legal Deals
Debevoise & Plimpton LLP
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)
16%
4 (16%)
Divested to
Investor(s)
57%
4 (57%)
Strategic(s)
43%
3 (43%)

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