M&A Deal Summary

FedEx Acquires Parcel Direct

On August 9, 2004, FedEx acquired transportation company Parcel Direct from Quad/Graphics for 120M USD

Acquisition Highlights
  • This is FedEx’s 5th transaction in the Transportation sector.
  • This is FedEx’s 8th largest (disclosed) transaction.
  • This is FedEx’s 6th transaction in the United States.
  • This is FedEx’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2004-08-09
Target Parcel Direct
Sector Transportation
Buyer(s) FedEx
Sellers(s) Quad/Graphics
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Parcel Direct

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

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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 6 of 22
Sector (Transportation) 5 of 19
Type (Add-on Acquisition) 6 of 20
State (Wisconsin) 1 of 1
Country (United States) 6 of 10
Year (2004) 1 of 1
Size (of disclosed) 8 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-12-30 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.

Buy $2.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-16 Watkins Motor Lines

Lakeland, Florida, United States

Watkins Motor Lines is nationwide LTL long-haul carrier and a subsidiary of Watkins Associated Industries. Known for its premium on-time service, the company has a workforce of approximately 10,000 and is one of a handful of trucking companies that has been consistently profitable since obtaining its transcontinental LTL operating authority in 1972.

Buy $780M

Seller(S) 1

SELLER

Quad/Graphics

Sussex, Wisconsin, United States

Category Company
Founded 1971
Sector Business Services
Employees13,000
Revenue 3.0B USD (2023)
DESCRIPTION

Quad/Graphics is a provider of print and multichannel solutions for consumer magazines, special interest publications, catalogs, retail inserts/circulars, direct mail, books, directories, and commercial and specialty products with 50-plus print-production facilities on three continents. Quad/Graphics was founded in 1971 and is based in Sussex, Wisconsin.


DEAL STATS #
Overall 1 of 4
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 2
Country (United States) 1 of 4
Year (2004) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-06 Openfirst

Milwaukee, Wisconsin, United States

Openfirst is a leading direct mail marketing and statement processing company that combines state-of-the-art imaging and fulfillment operations with advanced personalization and data management capabilities. Headquartered in Milwaukee, WI with additional operations in Fredericksburg , VA , Openfirst serves the automotive, insurance, financial services, and cable TV industries producing hundreds of millions of communication pieces each year. Mailings are customized, strategically timed and accurately tracked so that clients can asses the efficacy of their direct marketing programs.In November 2002, Greyrock provided $5.25 million of subordinated debt to support the acquisition of Openfirst by Prairie Capital, River Cities Capital and management.

Buy -