M&A Deal Summary

Red Ventures Acquires MYMOVE

On May 11, 2015, Red Ventures acquired consumer services company MYMOVE from Pitney Bowes for 310M USD

Acquisition Highlights
  • This is Red Ventures’ 1st transaction in the Consumer Services sector.
  • This is Red Ventures’ 3rd largest (disclosed) transaction.
  • This is Red Ventures’ 1st transaction in the United States.
  • This is Red Ventures’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2015-05-11
Target MYMOVE
Sector Consumer Services
Buyer(s) Red Ventures
Sellers(s) Pitney Bowes
Deal Type Divestiture
Deal Value 310M USD

Target

MYMOVE

Fort Mill, South Carolina, United States
MYMOVE, LLC is a media company with technology, data and marketing expertise. The Company has an exclusive relationship with the USPS that allows it to connect brands with roughly 39 million movers every year. MYMOVE helps the USPS facilitate the official Change of Address process. Through this partnership, the company is able to reach millions of movers at the most important point of their move.

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Buyer(S) 1

Buyer

Red Ventures

Fort Mill, South Carolina, United States
Category Company
Founded 2000
Sector Marketing
Employees950
DESCRIPTION

Red Ventures operates a portfolio of influential brands, digital platforms, and strategic partnerships that work together to connect millions of people with expert advice. Red Ventures was founded in 2000 and is based in Fort Mill, South Carolina.

DEAL STATS #
Overall 1 of 10
Sector (Consumer Services) 1 of 1
Type (Divestiture) 1 of 5
State (South Carolina) 1 of 1
Country (United States) 1 of 9
Year (2015) 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-26 Choose Energy

Plano, Texas, United States

Choose Energy, Inc. is an online energy marketplace that allows consumers to compare retail electricity plans and seamlessly enroll online.

Buy -

Seller(S) 1

SELLER

Pitney Bowes

Stamford, Connecticut, United States
Category Company
Founded 1920
Sector Business Services
Employees10,500
Revenue 3.3B USD (2023)
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. Many of the company's solutions are delivered on open platforms to best organize, analyze and apply both public and proprietary data to two-way customer communications. Pitney Bowes includes direct mail, transactional mail and call center communications in its solution mix along with digital channel messaging for the Web, email and mobile applications. Pitney Bowes was founded in 1920 and is based in Stamford, Connecticut.

DEAL STATS #
Overall 4 of 7
Sector (Consumer Services) 1 of 1
Type (Divestiture) 4 of 7
State (South Carolina) 1 of 1
Country (United States) 3 of 5
Year (2015) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-01 Pitney Bowes - 6 European companies

Spain

Pitney Bowes, Inc. - 6 European companies offer comprehensive solutions throughout the value chain. Pitney Bowes, Inc. - 6 European companies are based in Spain, Portugal, Austria, The Netherlands, Belgium, and Luxembourg.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-10 Borderfree

Shelton, Connecticut, United States

Borderfree is the recognized market leader in international eCommerce, operating a technology and services platform that the world’s most iconic brands rely on to expand globally and transact with customers in 103 countries and territories and more than 60 currencies worldwide.

Buy -
Mergr

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