M&A Deal Summary

Pitney Bowes Acquires PPS Business

On February 15, 2017, Pitney Bowes acquired internet software and services company PPS Business from Microdynamics Group

Acquisition Highlights
  • This is Pitney Bowes’ 6th transaction in the Internet Software and Services sector.
  • This is Pitney Bowes’ 18th transaction in the United States.
  • This is Pitney Bowes’ 1st transaction in Illinois.

M&A Deal Summary

Date 2017-02-15
Target PPS Business
Sector Internet Software and Services
Buyer(s) Pitney Bowes
Sellers(s) Microdynamics Group
Deal Type Divestiture

Target

PPS Business

Naperville, Illinois, United States
PPS Business Corp. (dba ProSORT Services) is a provider of mail presort services for First-Class and Standard Class mail in the Chicagoland area. ProSORT serves a wide range of First Class and Standard Mail customers in such industries as banking and financial services, insurance, energy, healthcare, education, printing/mailing, and advertising. PPS Business Corp. was founded in 1983 and is based in Naperville, Illinois.

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Buyer(S) 1

Buyer

Pitney Bowes

Stamford, Connecticut, United States

Category Company
Founded 1920
Sector Business Services
Employees7,200
Revenue 2.0B USD (2024)
DESCRIPTION
Pitney Bowes facility in Danbury, Connecticut.
Pitney Bowes facility in Danbury, Connecticut.

Pitney Bowes provides technology solutions for small, mid-size and large firms that help them connect with customers to build loyalty and grow revenue. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 24 of 26
Sector: Internet Software and Services M&A 6 of 8
Type: Divestiture M&A Deals 4 of 4
State: Illinois M&A 1 of 1
Country: United States M&A 18 of 19
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-25 Maponics

White River Junction, Vermont, United States

Maponics LLC is a provider of online spatial data services. Maponics defines geographic boundaries that are meaningful at the local level, such as neighborhood boundaries, ZIP Codes, and school attendance zones.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 Newgistics

Austin, Texas, United States

Newgistics, Inc. is a provider of e-commerce solutions and services for brands and retailers. Newgistics offers digital commerce development, deep analytics, relationship management, systems integration, fulfillment, parcel delivery and returns management, provide retailers and brands with a modern approach to enriching the customer journey. Newgistics, Inc. was founded in 1999 and is headquartered in Austin, Texas.

Buy $475M

Seller(S) 1

SELLER

Microdynamics Group

Naperville, Illinois, United States

Category Company
Founded 1974
Sector Business Services
DESCRIPTION

Microdynamics Group is a Chicago-based national provider of personalized transactional printing, inserting, and mailing services. Clients include a wide variety of financial institutions, credit unions, commercial and industrial enterprises, health care, and utility companies.


DEAL STATS #
Overall 1 of 1
Sector: Internet Software and Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-27 PPS Business

Naperville, Illinois, United States

PPS Business Corp. (dba ProSORT Services) is a provider of mail presort services for First-Class and Standard Class mail in the Chicagoland area. ProSORT serves a wide range of First Class and Standard Mail customers in such industries as banking and financial services, insurance, energy, healthcare, education, printing/mailing, and advertising. PPS Business Corp. was founded in 1983 and is based in Naperville, Illinois.

Buy -