michaels

UPS Buys Way into Last Mile with Roadie

| Mike O'Brien

UPS announced it was acquiring last mile platform Roadie for an undisclosed sum, thrusting it front and center into a space that has spiked in the pandemic era, providing a way to service demand that doesn’t fit into its existing network, including groceries and bulky items. The deal is expected to close in the fourth quarter.

Michaels exterior feature

Michaels To Be Acquired, Taken Private in $5B Deal

| Mike O'Brien

Michaels, the Dallas-based retail chain known for supplying do-it-yourself crafters for more than 45 years, is once again being acquired by a private equity firm after a seven-year run as a public company and an impressive valuation run in a very difficult year for the industry.