King & Spalding advised Access USA Shipping, LLC, a portfolio company of our client, Palm Beach Capital, in its sale of MyUS to Aramex PJSC (DFM: ARMX) for $265 million.
MyUS is a leading, US-headquartered, technology-driven and cross-border e-Commerce enabling platform, providing cost-effective package forwarding solutions. Aramex, headquartered in the UAE, is a leading global provider of comprehensive logistics and transportation solutions, offering innovative services and solutions, including international and domestic express delivery, freight-forwarding, integrated logistics and supply chain management and e-Commerce solutions.
As a result of this acquisition, MyUS will be fully integrated into Aramex’s business, operating as a business unit within the Company’s Courier business segment. MyUS is expected to strengthen Aramex’s cross-border express business by increasing shipment volumes, growing and diversifying its customer base, and expanding coverage in new origins and destinations.
A press release announcing the transaction can be found here.
The King & Spalding deal team included Rahul Patel, John Hyman, Michelle Stewart, Brett Schroeder and Andrea Demick.