M&A Deal Summary

FedEx Acquires GENCO Distribution System

On December 15, 2014, FedEx acquired transportation company GENCO Distribution System from Greenbriar Equity Group

Acquisition Highlights
  • This is FedEx’s 15th transaction in the Transportation sector.
  • This is FedEx’s 8th transaction in the United States.
  • This is FedEx’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2014-12-15
Target GENCO Distribution System
Sector Transportation
Buyer(s) FedEx
Sellers(s) Greenbriar Equity Group
Deal Type Add-on Acquisition
Advisor(s) Paul, Weiss, Rifkind, Wharton & Garrison (Legal)

Target

GENCO Distribution System

Pittsburgh, Pennsylvania, United States
GENCO Supply Chain Solutions is a provider of logistics services and the recognized leader in reverse logistics. The company manages 112 operations and 37 million square feet of warehouse space throughout North America for a diverse range of retail, manufacturing and government customers, including many Fortune 500 companies.

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Buyer(S) 1

Buyer

FedEx

Memphis, Tennessee, United States

Category Company
Founded 1971
Sector Transportation
Employees306,000
Revenue 87.7B USD (2024)
DESCRIPTION
FeDex's corporate headquarters in Memphis, Tennessee.
FeDex's corporate headquarters in Memphis, Tennessee.

FedEx is a global transportation and logistics company. FedEx provides a broad portfolio of transportation, e-commerce and business services through four segments. FedEx was founded in 1971 and is based in Memphis, Tennessee.


DEAL STATS #
Overall 16 of 22
Sector (Transportation) 15 of 19
Type (Add-on Acquisition) 15 of 20
State (Pennsylvania) 1 of 2
Country (United States) 8 of 10
Year (2014) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-04 Rapidão Cometa Logistica e Transporte S.A.

Recife, Brazil

Rapidão Cometa is a logistics solutions provider in Brazil. The company offers a variety of high-quality integrated air and freight transportation and logistics solutions and has the capacity to reach more than 5,300 locations while serving all states of Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Bongo International

St. Petersburg, Florida, United States

Bongo International LLC is a provider in cross border enablement technologies and solutions. Bongo International’s technology and processes provide a comprehensive and integrated end-to-end solution that helps retailers and e-tailers grow by reaching international e-commerce consumers.

Buy -

Seller(S) 1

SELLER

Greenbriar Equity Group

Rye, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 10.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Greenbriar Equity Group is a specialized private equity firm focused on investing in the global transportation and advanced manufacturing industries. Companies of interest include traditional carriers, such as railroads, cruise lines, airlines, air freight, shipping, and trucking, as well as ancillary manufacturers and service companies that support the transportation industry. Greenbriar will consider making majority as well as minority investments through a variety of structures, including leveraged buyouts, recapitalizations, growth capital investments, corporate joint ventures and privatizations. The Firm targets businesses valued from $100 million to $1 billion. Greenbriar Equity was formed in 1999 and is based in Rye, New York.


DEAL STATS #
Overall 9 of 26
Sector (Transportation) 4 of 10
Type (Add-on Acquisition) 4 of 12
State (Pennsylvania) 1 of 3
Country (United States) 8 of 22
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Grakon

Seattle, Washington, United States

Grakon LLC is a designer and manufacturer of highly-engineered and customized lighting systems and components for transportation markets. Grakon was founded in 1977 and is based in Seattle, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-13 AerGen Leasing

Dublin, Ireland

AerGen Leasing is an aircraft leasing company focused on providing leasing and asset management solutions for owners and operators of mid-life and late-life aircraft and engines. AerGen Leasing is based in Dublin, Ireland.

Buy -