Deal Details
sale to Stamps.com Inc.
Summary
Baird served as financial advisor to Endicia on this transaction.
About
Endicia, a division of Newell Rubbermaid Inc. (NYSE: NWL), has been acquired by Stamps.com Inc. (NASDAQ: STMP) for approximately $215 million, subject to customary working capital and transaction adjustments.Endicia is a leading provider of e-commerce shipping software and services with more than $11 billion of cumulative postage printed. Endicia’s flexible and easy-to-use shipping solutions help businesses of all sizes run operations more efficiently and ultimately save money. Endicia is headquartered in Mountain View, California.
Newell Rubbermaid Inc., an S&P 500 company, is a global marketer of consumer and commercial products with a strong portfolio of leading brands, including Sharpie®, Paper Mate®, Rubbermaid Commercial Products®, Irwin®, Lenox®, Parker®, Waterman®, Contigo®, Rubbermaid®, Elmers®, Calphalon®, Goody®, Graco®, Aprica®, Baby Jogger® and Dymo®. Newell Rubbermaid is headquartered in Atlanta, Georgia.
Stamps.com Inc. is a leading provider of Internet-based postage. Stamps.com’s service enables customers to print U.S. Postal Service-approved postage with just a computer, printer and Internet connection, right from their homes or offices. Stamps.com is headquartered in El Segundo, California.
For additional information about this transaction, please contact:
- Date
- November 2015
- Company
- Endicia
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Location
- North America
- Acquiror Location
- North America
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