M&A Deal Summary

FedEx Acquires Kinko s

On December 30, 2003, FedEx acquired business services company Kinko s from CCMP Capital and CD&R for 2.4B USD

Acquisition Highlights
  • This is FedEx’s 1st transaction in the Business Services sector.
  • This is FedEx’s 2nd largest (disclosed) transaction.
  • This is FedEx’s 5th transaction in the United States.
  • This is FedEx’s 1st transaction in Texas.

M&A Deal Summary

Date 2003-12-30
Target Kinko s
Sector Business Services
Buyer(s) FedEx
Sellers(s) CCMP Capital
CD&R
Deal Type Add-on Acquisition
Deal Value 2.4B USD

Target

Kinko s

Dallas, Texas, United States
Kinko's is a provider of document solutions and business services. Its global network of offers access to technology for color printing, finishing and presentation services, Internet access, videoconferencing, outsourcing, managed services, Web-based printing, and document management solutions. Kinko's was formed in 1970 and is based in Dallas, Texas.

Search 214,107 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

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 5 of 22
Sector: Business Services M&A 1 of 2
Type: Add-on Acquisition M&A Deals 5 of 20
State: Texas M&A 1 of 1
Country: United States M&A 5 of 10
Year: 2003 M&A 1 of 1
Size (of disclosed) 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-11-13 American Freightways

Harrison, Arkansas, United States

American Freightways Corp. is a scheduled, for-hire carrier of less-than-truckload shipments of general commodities, presently serving direct all points in 40 contiguous U.S. states. Through partnerships, AF also serves Alaska, Canada, Caribbean Islands, Central America, Hawaii, Mexico, Puerto Rico and South America. It employs 17,200 associates operating over 28,300 pieces of revenue equipment from a network of 265 customer centers and handles about 46,000 shipments per day.

Buy $950M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-08-09 Parcel Direct

New Berlin, Wisconsin, United States

Parcel Direct is a parcel consolidator based in New Berlin, Wisconsin.

Buy $120M

Seller(S) 2

SELLER

CCMP Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

CCMP Capital is a large private equity firm focused on buyout and growth equity valued up to $2 billion. Sectors of interest include consumer, retail, and services (specialty retail, direct marketing, consumer packaged goods); media/telecom (consumer and trade publishing, content and programming, broadcasting, cable, wireless and wire line communications ); industrial (chemicals, manufacturing, distribution, automotive); energy (exploration and production, power generation, renewable energy, services); and healthcare (services, pharmaceuticals, medical devices). The Firm's target investment size is $100 to $500 million. CCMP Capital Advisors was formed in 1984 and was spun off in 2006 from JP Morgan Chase. The Firm is based in New York City.


DEAL STATS #
Overall 16 of 79
Sector: Business Services M&A 2 of 9
Type: Add-on Acquisition M&A Deals 3 of 22
State: Texas M&A 2 of 10
Country: United States M&A 14 of 62
Year: 2003 M&A 3 of 3
Size (of disclosed) 5 of 30
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-10 Kraton

Houston, Texas, United States

Kraton is a producer of styrenic block copolymers (SBCs), specialty chemicals that exhibit rubber-like characteristics and improve product durability, flexibility and temperature resistance. Kraton was incorporated in 2009 and is based in Houston, Texas.

Buy $770M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Mindspark Interactive Network

White Plains, New York, United States

iWon provides consumers and advertisers with information retrieval products across a diverse portfolio of Web sites, portals and desktop search applications. iWon was acquired by Ask Jeeves in 2004.

Sell -
SELLER

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.


DEAL STATS #
Overall 5 of 48
Sector: Business Services M&A 1 of 3
Type: Add-on Acquisition M&A Deals 2 of 16
State: Texas M&A 1 of 5
Country: United States M&A 5 of 38
Year: 2003 M&A 2 of 2
Size (of disclosed) 6 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-02-12 Remington

Madison, North Carolina, United States

Remington designs, produces and sells sporting goods products for the hunting and shooting sports markets, as well as military, government and law enforcement markets. Founded in 1816 in upstate New York, the Company is one of the US' oldest operating manufacturer.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Fairchild Aerospace

San Antonio, Texas, United States

Fairchild Aerospace Corporation was a manufacturer of jet and turboprop aircraft for the airline, corporate and government markets and provides a wide range of sales, support, production, and engineering services for the aviation industry. In addition to its facilities in San Antonio, Texas, and Oberpfaffenhofen, Germany, Fairchild Aerospace has offices in Washington, D.C. and other locations worldwide.

Sell -