Lion Equity Partners Completes Acquisition of International Mail Services
Division from Pitney Bowes Inc.
DENVER & NEWARK, N.J. -- March 1, 2013
Lion Equity Partners, through its affiliate Lion Equity Holdings, LLC (“Lion
Equity”) announced that on February 28, 2013 it acquired the International
Mail Services – U.S. Division from Pitney Bowes Inc. (NYSE: PBI). The
business, which has been renamed IMEX Global Solutions (“IMEX”), is a leading
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
IMEX, headquartered in Newark, NJ with additional facilities in Itasca, IL,
Elk Grove Village, IL and Corona, CA, consolidates and distributes over 40
million pounds of parcels, print media and critical 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.
“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.”
Lion Equity expects to drive growth at IMEX both organically, as well as
through prospective add-on acquisitions.
The terms of the deal were not disclosed.
About Lion Equity Partners:
Lion Equity Partners (www.lionequity.com) is a Denver, CO based private
investment firm focused on acquiring controlling interests in middle-market
businesses across multiple industries. Lion Equity specializes in acquiring
divisions of larger corporations, and has significant experience in the
divestiture process. Lion Equity’s investment strategy is centered on creating
value in its portfolio companies through a combination of organic growth and
add-on acquisitions. Lion Equity supports its portfolio companies with
strategic and financial resources, operational guidance, and M&A expertise.
About IMEX Global Solutions:
IMEX Global Solutions, LLC (www.imexglobalsolutions.com), headquartered in
Newark, NJ is a premier provider of international mail logistics and
distribution services. Through its strategically located facilities in New
Jersey, Illinois and California, IMEX consolidates and distributes billions of
pieces of mail, publications and parcels to over 220 countries across the
globe. With over 25 years of experience in international shipping, IMEX
provides its customers with the highest levels of performance, accuracy and
Lion Equity Partners
Aaron M. Polack, 303-847-4100 x3
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