M&A Deal Summary

UPS Acquires Menlo Worldwide Forwarding

On December 20, 2004, UPS acquired transportation company Menlo Worldwide Forwarding from Con-way for 260M USD

Acquisition Highlights
  • This is UPS’s 3rd transaction in the Transportation sector.
  • This is UPS’s 4th largest (disclosed) transaction.
  • This is UPS’s 3rd transaction in the United States.
  • This is UPS’s 2nd transaction in California.

M&A Deal Summary
Date 2004-12-20
Target Menlo Worldwide Forwarding
Sector Transportation
Buyer(s) UPS
Sellers(s) Con-way
Deal Type Divestiture
Deal Value 260M USD

Target

Menlo Worldwide Forwarding

Redwood City, California, United States
Menlo Worldwide Forwarding is a global freight forwarder present in 175 countries providing a range of heavy air freight forwarding services, ocean services and international trade management, including customs brokerage. It had US$2.2bn in gross revenues in 2004. It provides time-definite domestic and international air freight and ocean forwarding services, customs brokerage, and other trade services.

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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 4 of 23
Sector (Transportation) 3 of 17
Type (Divestiture) 1 of 2
State (California) 2 of 4
Country (United States) 3 of 9
Year (2004) 1 of 1
Size (of disclosed) 4 of 7
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-25 Lynx Express

Nuneaton, United Kingdom

Lynx Express Ltd. is an independent parcel carriers delivery service.

Buy $97M

Seller(S) 1

SELLER

Con-way

Ann Arbor, Michigan, United States
Category Company
Founded 1929
Sector Transportation
Employees29,500
Revenue 5.5B USD (2013)
DESCRIPTION

Con-way, Inc. is a freight transportation and logistics services company. Con-way delivers services through three primary operating companies: Con-way Freight, Con-way Truckload Services and Menlo Logistics. These operating units provide high-performance, day-definite less-than-truckload and full truckload and intermodal freight transportation, as well as logistics, warehousing and supply chain management services, and trailer manufacturing.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-23 Contract Freighters

Joplin, Missouri, United States

Contract Freighters, Inc., is a truckload carrier, operates 2,600 tractors and 7,000 trailers and serves shippers throughout the US and Mexico.

Buy $750M
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