In August 2000, MCP completed an equity investment in SmartMail, LLC, a company competing in the $6 billion residential package delivery industry (projected to grow to $15.4 billion in 2003) by offering timely, efficient and high-quality distribution of flat size mail and lightweight parcels. The Company's proprietary nationwide delivery network allows SmartMail to enter mail into the U.S. Postal Service close to its final destination enabling SmartMail to offer 1-4 day delivery, at rates 5% to 15% less than 1st class mail. Target markets include financial services, E-commerce, and manufacturing and examples of existing customers are Fidelity, E*Trade, BN.com, and Mobil.
SmartMail was acquired by Deutsche Post Global Mail in June 2004.
Date of Investment: August 2000
Date of Sale: June 2004
MCP Contact: Travis Metz