M&A Deal Summary

UPS Acquires First International Bancorp

On January 17, 2001, UPS acquired financial services company First International Bancorp for 78M USD

Acquisition Highlights
  • This is UPS’s 1st transaction in the Financial Services sector.
  • This is UPS’s 7th largest (disclosed) transaction.
  • This is UPS’s 2nd transaction in the United States.
  • This is UPS’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2001-01-17
Target First International Bancorp
Sector Financial Services
Buyer(s) UPS
Deal Type Add-on Acquisition
Deal Value 78M USD

Target

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

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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 2 of 23
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 2 of 21
State (Connecticut) 1 of 1
Country (United States) 2 of 9
Year (2001) 2 of 3
Size (of disclosed) 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-11 Fritz Cos.

San Francisco, California, United States

Fritz is a freight-forwarding, customs brokerage and logistics company. Fritz owns and operates 400 facilities in more than 120 countries and has more than 10,000 employees. In addition to its forwarding, customs brokerage and logistics services, the company offers intermodal transfer services; duty drawback options; consulting on tax, trade and tariff matters; market research; and training services.

Buy $450M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-03-05 Mail Boxes Etc.

Chipping Norton, United Kingdom

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.

Buy $191M
Mergr

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