Apollo Closes $400M Buy of Pitney Bowes Management Services
October 03, 2013
Apollo Global Management has acquired Pitney Bowes Management Services from Pitney Bowes (NYSE: PBI) for $400 million in cash. The carved out company becomes a standalone entity that will be renamed by Apollo in the future. PBMS helps customers connect with their clients across the world through software and solutions for communications, document and mail strategies, productivity and customer service.