.
MergerLinks Header Logo

New Deal


Announced

Completed

Platinum Equity-backed BlueCrest completed the acquisition of Fluence Automation from Tecum Capital.

Financials

Edit Data
Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Acquisition

Private

Completed

Friendly

Express Courier / Parcels

parcel services

United States

Private Equity

Domestic

Majority

Single Bidder

Synopsis

Edit

Platinum Equity-backed BlueCrest, a mail and parcel insertion and sortation firm, completed the acquisition of Fluence Automation, a provider of innovative service and technology intended for mail sorting, from Tecum Capital, a multi-strategy investment firm. Financial terms were not disclosed. "The acquisition of Fluence Automation is a great example of BlueCrest executing on its strategy. In the postal automation market, we will provide the broadest array of solutions and will be able to continue to grow in this space through product innovation both in the US and the international markets. Additionally, the combination of the companies’ parcel/eCommerce and Vote-by-Mail solutions will greatly expand our offering in these exciting growth markets," Dennis LeStrange, Bluecrest President and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US