M&A Deal Summary

General Logistics Systems B.V. Acquires Postal Express

On April 6, 2017, General Logistics Systems B.V. acquired transportation company Postal Express for 13M USD

Acquisition Highlights
  • This is General Logistics Systems B.V.’s 3rd transaction in the Transportation sector.
  • This is General Logistics Systems B.V.’s 6th largest (disclosed) transaction.
  • This is General Logistics Systems B.V.’s 2nd transaction in the United States.
  • This is General Logistics Systems B.V.’s 1st transaction in Washington.

M&A Deal Summary

Date 2017-04-06
Target Postal Express
Sector Transportation
Buyer(s) General Logistics Systems B.V.
Deal Type Add-on Acquisition
Deal Value 13M USD

Target

Postal Express

Bellevue, Washington, United States
ostal Express is a regional overnight carrier operating in the states of Washington, Oregon, and Idaho. Postal Express offers overnight parcel delivery, mainly to business-to-business customers, across a number of industries.

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Buyer(S) 1

Buyer

General Logistics Systems B.V.

Oude Meer, Netherlands

Category Company
Founded 1999
Sector Transportation
Employees14,000
DESCRIPTION

General Logistics Systems B.V. is a provider of reliable, high-quality deferred parcel services for over 220,000 customers. General Logistics Systems B.V. was established in 1999 and is headquartered in Oude Meer, Netherlands.


DEAL STATS #
Overall 3 of 6
Sector (Transportation) 3 of 6
Type (Add-on Acquisition) 3 of 6
State (Washington) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-04 Golden State Overnight Delivery Service

Pleasanton, California, United States

Golden State Overnight Delivery Service, Inc. is a provider of regional next day delivery services. GSO customers enjoy a high level of customer service, including later pickup times, earlier deliveries, dedicated service representatives, and package tracking, all at market leading prices.

Buy $90M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-03 Dicom Transportation Group Canada

Montreal, Quebec, Canada

Dicom Transportation Group Canada, Inc. is a primarily provides business-to-business parcel services, operating across Canada, with a major focus on the Eastern Canadian provinces of Ontario and Quebec. Canada is the world’s 10th largest economy[1], with Ontario and Quebec representing 57 per cent of the country’s GDP[2]. Dicom Canada is well-placed to leverage growth trends in these markets and provides GLS with an established market position in this key economy.

Buy CA$360M