City Express, Inc Asset Profile

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Year established

1989

Location

Boston MA US

Primary Industry

Logistics & Distribution

About

Based in Massachusetts, US, and founded in 1989, City Express, Inc. operates as a carrier company that covers deliveries throughout Boston and New England. The company was founded in 1989 by Aaron J. Driben, who now works as the CEO in the company. In 2007, City Express was ranked No. 4143 in the list of the top 5000 fastest-growing private companies in the US by Inc. Magazine. In 2009, the company announced its partnership with Massachusetts Biotechnology Council (MassBio), a biotechnology trade association backed by Boston University. In 2012, the company acquired Olympic Delivery Services, a delivery company founded in 1964. In 2022, American Expediting LLC, a national company of same-day transportation and cold-chain logistics, acquired City Express without disclosing financial terms. City Express provides round-the-clock delivery services throughout Boston, the commonwealth, New England, and the country. The company’s service specializes in medical deliveries, bank deliveries, next flight out (NFO’s), mail runs, customized routes, rush trucking and direct drive services fields. The company also offers warehousing and cross ducking services. The delivery can be customized in accordance with clients’ urgency and needs – it can be prearranged delivery or on-demand rush delivery, and cross ducking delivery or direct drive delivery. The company’s revenue is generated by its delivery and warehousing services. In 2004, when the company was ranked top 5000 fastest-growing private companies, the revenue was reported USD 194.5 billion, with three-year growth of 57.1%.

Current Investors

American Expediting LLC

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Primary Industry

Logistics & Distribution

Sub Industries

Warehouses, Trucking, Freight Transportation Services

Website

www.cityexp.com

Company Stage

Add-on

Total Amount Raised

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Deals

Deals Type
Add-on

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	City Express, Inc	05 Oct 2022

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