M&A Deal Summary

UPS Acquires Fritz Cos.

On January 11, 2001, UPS acquired transportation company Fritz Cos. for 450M USD

Acquisition Highlights
  • This is UPS’s 1st transaction in the Transportation sector.
  • This is UPS’s 3rd largest (disclosed) transaction.
  • This is UPS’s 1st transaction in the United States.
  • This is UPS’s 1st transaction in California.

M&A Deal Summary

Date 2001-01-11
Target Fritz Cos.
Sector Transportation
Buyer(s) UPS
Deal Type Add-on Acquisition
Deal Value 450M USD

Target

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.

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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 1 of 23
Sector (Transportation) 1 of 17
Type (Add-on Acquisition) 1 of 21
State (California) 1 of 4
Country (United States) 1 of 9
Year (2001) 1 of 3
Size (of disclosed) 3 of 7
FOLLOWING 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