Littlejohn sells Newgistics to Pitney Bowes for USD475m
Private investment firm Littlejohn & Co has agreed to sell Newgistics, a provider of technology-enabled parcel logistics to the e-commerce and direct-to-consumer retail industry, to Pitney Bowes (PBI) for approximately USD475 million. Since being acquired by Littlejohn in 2013, Newgistics has undergone a period of tremendous growth, including: greater than