Office Depot - M&A Summary and Business Overview

RetailCompany

Office Depot M&A Summary

Office Depot has acquired 8 companies, including 2 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 3 assets.

Office Depot’s largest acquisition to date was in 2017, when it acquired CompuCom Systems for $1.0B. Office Depot has acquired in 3 different US states, and 5 countries. The Company’s most targeted sectors include retail (72%) and software (15%).

Office Depot Business Overview

Where is Office Depot headquartered?

Office Depot is headquartered in Boca Raton, Florida.

What is Office Depot’s revenue?

Office Depot disclosed revenue of 7,831M USD for 2023 and 8,491M USD for 2022.

How many employees does Office Depot have?

Office Depot has 20,000 employees.

What sector is Office Depot in?

Office Depot is a retail company.

When was Office Depot founded?

Office Depot was founded in 1986.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 5
  • M&A Buy/Sell Connections 6
  • M&A Advisors 2

Office Depot

The ODP Corp.

6600 North Military Trail,
Boca Raton, Florida 33496
United States,
(561) 438-4800
www.officedepot.com

Office Depot is a retailer and provider of office products and services. ODP, operating through its direct and indirect subsidiaries, maintains a fully integrated B2B distribution platform of approximately 1,300 stores, an online presence, and thousands of dedicated sales and technical service professionals, all supported by its world-class supply chain facilities and delivery operations. Office Depot was founded in 1986 and is based in Boca Raton, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 6 - 1 - - - 7
vol $1.0B $1.0B
Sell (0.2/yr) # 2 - 1 - - - 3
  10

Most Recent M&A

Company Date Value Type
CompuCom Systems, Inc. 2021-12-31 - Divestiture
Fort Mill, South Carolina · www.compucom.com
BuyerQuest, Inc. 2021-02-18 - Add-on Acquisition
Cleveland, Ohio · www.buyerquest.com
CompuCom Systems, Inc. 2017-10-03 1.0B USD Add-on Acquisition
Fort Mill, South Carolina · www.compucom.com
Office Depot Europe B.V. 2016-09-23 - Divestiture
Venlo, Netherlands · www.officedepot.eu
AxiSource, Inc. 2009-09-30 - Divestiture
Toronto, Ontario · www.axisource.ca
AsiaEC.com Ltd. 2006-09-28 - Add-on Acquisition
Beijing, China
Papirius s.r.o. 2006-08-31 - Add-on Acquisition
Rudna u Prahy,, Czech Republic · www.papirius.net
Allied Office Products, Inc. 2006-05-17 - Add-on Acquisition
Clifton, New Jersey
Best Office Co., Ltd. 2006-02-15 - Add-on Acquisition
Seoul,, South Korea · www.bestoffice.co.kr
Elso Iroda Superstore Kft. 2004-04-08 10M USD Add-on Acquisition
Budapest,, Hungary · officedepot.hu
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Retail 5 (71%) 10M (1%) - -
Information Technology 1 (14%) 1.0B (99%) 1 (33%) -
Software 1 (14%) - - -
Business Services - - 1 (33%) -
Distribution - - 1 (33%) -
Total 7 $1.0B 3 -

By Geo

State/Country Buy Value Sell Value
United States 3 1.0B 1 -
  South Carolina 1 1.0B 1 -
  Ohio 1 - - -
  New Jersey 1 - - -
Canada - - 1 -
  Ontario - - 1 -
China 1 - - -
Czech Republic 1 - - -
Hungary 1 10M - -
Netherlands - - 1 -
South Korea 1 - - -
Domestic 3 (43%) 1.0B (99%) 1 (33%) -
Cross-border 4 (57%) 10M (1%) 2 (67%) -
Total 7 $1.0B 3 -

Top M&A Advisors

Financial Deals
Goldman Sachs
2
Legal Deals
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
> $1B 1 $1.0B
< $100M 1 $10M
TOTAL $1.0B
Largest CompuCom Systems, Inc.
$1.0B (2017-10-03)

M&A Connections

Deals
Acquired from
Investor(s)
29%
2 (29%)
Divested to
Investor(s)
100%
3 (100%)

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