M&A Deal Summary

UPS Acquires Happy Returns

On October 25, 2023, UPS acquired transportation company Happy Returns from PayPal

Acquisition Highlights
  • This is UPS’s 14th transaction in the Transportation sector.
  • This is UPS’s 8th transaction in the United States.
  • This is UPS’s 3rd transaction in California.

M&A Deal Summary
Date 2023-10-25
Target Happy Returns
Sector Transportation
Buyer(s) UPS
Sellers(s) PayPal
Deal Type Divestiture

Target

Happy Returns

Valencia, California, United States
Happy Returns is a U.S.-based software and reverse logistics company that enables frictionless, no-box, no-label returns for merchants and consumers. Happy Returns is based in Valencia, California.

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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 20 of 23
Sector (Transportation) 14 of 17
Type (Divestiture) 2 of 2
State (California) 3 of 4
Country (United States) 8 of 9
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-08 Bomi Group

Spino d’Adda, Italy

Bomi Group runs cutting-edge transport, warehousing, and supply chain management services for healthcare companies ranging from pharmaceutical and medical equipment manufacturers to hospitals, testing laboratories, and outpatient service providers. Bomi Group was formed in `1985 and is based in Spino d’Adda, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-06 MNX Global Logistics

Long Beach, California, United States

MNX Global Logistics is a provider of express, supply chain, and freight services to customers primarily in the life sciences, entertainment, and aviation industries. MNX Global Logistics was founded in 1983 and is based in Long Beach, California.

Buy -

Seller(S) 1

SELLER

PayPal

San Jose, California, United States
Category Company
Founded 1998
Sector Financial Services
Employees27,200
Revenue 29.8B USD (2023)
DESCRIPTION
Entrance to PayPal's corporate headquarters in San Jose, California.
Entrance to PayPal's corporate headquarters in San Jose, California.

PayPal enables any business or consumer with email to send and receive online payments securely, conveniently and cost-effectively. The Company's network builds on the existing financial infrastructure of bank accounts and credit cards to create a global payment system and delivers a product well suited for small businesses, online merchants, individuals and others underserved by traditional payment mechanisms. PayPal was founded in 1998 and is based in San Jose, California.

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 (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 shopware

Schöppingen, Germany

shopware is a digital commerce software solutions provider that is highly flexible and has a rich set of features, supporting complex B2C, D2C, B2B, and services-driven business models. shopware was founded in 2000 and is headquartered in Schöppingen, Germany.

Buy -
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