DST Systems will sell subsidiary for $410M

Kansas City-based DST Systems Inc. has agreed to sell its customer communications business, formerly called DST Output, for $410 million, including that division’s Kansas City operations.

The sale is to Broadridge Financial Solutions Inc., a publicly traded New York company that provides the kinds of printing, mailing and other customer communications services that the DST business provides.

The subsidiary generated $1.1 billion in revenue for Kansas City-based information and solutions company company in 2015, representing 40 percent of DST’s annual revenue.

The unit employs 2,300 in Kansas City, California, Connecticut and Canada but declined to offer a breakdown of employment at each location. Neither company would indicate whether Kansas City likely would see any job cuts.

Read more: Kansas City Star, Kansas City Business Journal

 


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