UPS Acquires Happy Returns from PayPal

October 25, 2023

UPS has agreed to acquire Happy Returns, a U.S.-based software and reverse logistics company, from PayPal. The deal (terms undisclosed) will fold Happy Returns' no-box, no-label returns platform and drop-off network into UPS's package network and The UPS Store footprint — expanding box-free return availability to more than 12,000 U.S. locations; Happy Returns CEO David Sobie will continue to lead the business. The acquisition is expected to close in the fourth quarter of 2023, subject to customary conditions and regulatory approvals.

Buyers
UPS
Targets
Happy Returns
Sellers
PayPal
Industry
Transportation
Location
California, United States
Transaction Type
Buyout

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