I found this story tonight on Google. Just wanted to share with everyone.
Lion Equity Buys International Mail from Pitney Bowes
Posted on: March 01,2013
Lion Equity Partners has acquired International Mail Services, which was a U.S. division of Pitney Bowes. Financial terms were not announced. The business has been renamed IMEX Global Solutions and will be based in Newark, N.J.. IMEX is a provider of international mail logistics and distribution services.
Denver, CO and Newark, NJ (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 relationships.”
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.