M&A Deal Summary

UPS Acquires Mail Boxes Etc.

On March 5, 2001, UPS acquired transportation company Mail Boxes Etc. from Cave Creek Capital Management for 191M USD

Acquisition Highlights
  • This is UPS’s 2nd transaction in the Transportation sector.
  • This is UPS’s 5th largest (disclosed) transaction.
  • This is UPS’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2001-03-05
Target Mail Boxes Etc.
Sector Transportation
Buyer(s) UPS
Sellers(s) Cave Creek Capital Management
Deal Type Add-on Acquisition
Deal Value 191M USD

Target

Mail Boxes Etc.

Chipping Norton, United Kingdom
Mail Boxes Etc. store in central Stockholm, Sweden.
Mail Boxes Etc. store in central Stockholm, Sweden.
Mail Boxes Etc., is a provider of worldwide express package delivery, mailbox rental, full litho print and digital copy services and more besides, - all under one roof.

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Buyer(S) 1

Buyer

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 23
Sector (Transportation) 2 of 17
Type (Add-on Acquisition) 3 of 21
Country (United Kingdom) 1 of 5
Year (2001) 3 of 3
Size (of disclosed) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-17 First International Bancorp

Hartford, Connecticut, United States

First International Bancorp, Inc., is an U.S. government-guaranteed loan programs made available by the Small Business Administration (SBA). It primarily serves small and medium-sized manufacturers, distributors and wholesalers

Buy $78M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-24 UPS Aviation Technologies

Salem, Oregon, United States

UPS Aviation Technologies, Inc., headquartered in Salem, Oregon, designs and manufactures multiple lines of communications, navigation and surveillance products for general aviation and air transport customers.

Sell $38M

Seller(S) 1

SELLER

Cave Creek Capital Management

Phoenix, Arizona, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Cave Creek Capital LLC is a growth investor with the flexibility of a family office, the talent of a major firm, and a much wider range of capital solutions than traditional Private Equity funds. Cave Creek looks to commit equity and mezzanine Investments of $5M to $25M and Companies with $20M to $150M of Revenues. Areas of interest include Business Services, Consumer Products & Services, Specialty Retail & Distribution, Healthcare Services, and Specialty Manufacturing. Cave Creek Capital Management was formed in 2004 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 5 of 13
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 4
Country (United Kingdom) 1 of 2
Year (2001) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Eldorado bank

Placerville, California, United States

Commercial Bank with $1.2 billion of assets based in Southern California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Vantas/HQ

Atlanta, Georgia, United States

Vantas/HQ Office Suites is a work from anywhere, anytime office suites. An increasingly mobile workforce for companies of all sizes raised the demand for improved communication and support services. More than half of Business Center clients were employees of mid- to large size companies.

Sell -