Lion Equity Partners has acquired the International Mail Services – U.S. Division from Pitney Bowes. The business, which has been renamed IMEX Global Solutions, is a provider of international mail logistics and distribution services to Fortune 1000 corporations and global e-commerce companies.
“This transaction paves the way for IMEX to offer the most comprehensive international mailing services in the industry,” said Jim Levitas, Partner of Lion Equity. “As a former division of Pitney Bowes, IMEX has benefitted greatly from substantial investments in human capital, infrastructure and technology and also inherits an unparalleled network of global carrier relationships.”
IMEX consolidates and distributes over 40 million pounds of parcels, print media and communications to over 220 countries every year. This is accomplished through strategically located consolidation centers, state-of-the-art equipment, and long-term relationships with the world’s leading carriers, including the United States Postal Service, Canada Post and an exclusive alliance with the Royal Mail. IMEX is headquartered in Newark, NJ with additional facilities in Itasca, IL; Elk Grove Village, IL; and Corona, CA (www.imexglobalsolutions.com).
Lion Equity Partners specializing in acquiring controlling interests in small- to middle-market businesses across multiple industries. Typical transaction values for the firm are between $5 million and $50 million. Lion Equity’s investment strategy is centered on creating value in its portfolio companies through a combination of organic growth and add-on acquisitions. The firm is based in Denver (www.lionequity.com).
“We are very excited about our future,” IMEX Chief Executive Officer, Brian Fleisher said. “Our commitment to excellence and our reliable and accurate service to our clients have allowed IMEX to differentiate itself in the marketplace. The combination of IMEX’s deep industry expertise along with strategic direction and capital from Lion Equity, positions our company extremely well for success.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 3-5-13
