Pitney Bowes Completes Acquisition of PSI Group

Pitney Bowes Inc., Stamford, CT, completed its acquisition of mail presort company PSI Group Inc. last week for $130 million.

PSI prepares, sorts and aggregates mail to earn postal discounts and expedite delivery for its customers. As a wholly owned subsidiary of Pitney Bowes, PSI will operate under its current management and continue to focus on providing presort mail services. PSI employs about 1,000 people in 13 operating centers nationwide and in its headquarters in Omaha, NE.

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