M&A Deal Summary

FedEx Acquires ShopRunner

On December 2, 2020, FedEx acquired internet software and services company ShopRunner from UPS

Acquisition Highlights
  • This is FedEx’s 1st transaction in the Internet Software and Services sector.
  • This is FedEx’s 10th transaction in the United States.
  • This is FedEx’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-12-02
Target ShopRunner
Sector Internet Software and Services
Buyer(s) FedEx
Sellers(s) UPS
Deal Type Divestiture

Target

ShopRunner

King of Prussia, Pennsylvania, United States
ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

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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 22 of 22
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 2 of 2
State (Pennsylvania) 2 of 2
Country (United States) 10 of 10
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-29 Cargex S.A.

Bogota, Colombia

Cargex S.A. is specializing in customs brokerage services. Cargex has operations in Bogotá, Medellin, Cartagena, Buenaventura, and Santa Marta.

Buy -

Seller(S) 1

SELLER

UPS

Atlanta, Georgia, United States
Category Company
Founded 1907
Sector Transportation
Employees500,000
Revenue 91.0B USD (2023)
DESCRIPTION
Entrance to UPS' headquarters in Atlanta, Georgia.
Entrance to UPS' headquarters in Atlanta, Georgia.

UPS is a provider of logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. UPS serves more than 220 countries and territories worldwide. UPS was founded in 1907 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 3 of 5
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 3 of 5
State (Pennsylvania) 1 of 1
Country (United States) 3 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-22 ShopRunner

King of Prussia, Pennsylvania, United States

ShopRunner, Inc. is a provider of e-commerce platform for various consumer products. ShopRunner was founded in 2009 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-25 TForce Freight

Richmond, Virginia, United States

TForce Freight is a provider of less-than-truckload (LTL) and dedicated truckload (TL) services based in Richmond, Virginia.

Sell $800M
Mergr

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