M&A Deal Summary

Essendant Acquires Nestor Sales

On August 3, 2015, Essendant acquired distribution company Nestor Sales from Carousel Capital for 39M USD

Acquisition Highlights
  • This is Essendant’s 6th transaction in the Distribution sector.
  • This is Essendant’s 2nd largest (disclosed) transaction.
  • This is Essendant’s 7th transaction in the United States.
  • This is Essendant’s 1st transaction in Florida.

M&A Deal Summary
Date 2015-08-03
Target Nestor Sales
Sector Distribution
Buyer(s) Essendant
Sellers(s) Carousel Capital
Deal Type Add-on Acquisition
Deal Value 39M USD

Target

Nestor Sales

Largo, Florida, United States
website
Nestor Sales is a wholesaler and distributor of tools, equipment and supplies to the transportation industry.

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Buyer(S) 1

Buyer

Essendant

Deerfield, Illinois, United States

website

Category Company
Founded 1922
Sector Distribution
Employees6,400
Revenue 5.0B USD (2017)
DESCRIPTION
Essendant's corporate headquarters in Deerfield, Illinois.
Essendant's corporate headquarters in Deerfield, Illinois.

Essendant is a national wholesale distributor of workplace items including traditional office products and office furniture, janitorial, sanitation and breakroom supplies, technology products, industrial supplies, and automotive aftermarket tools and equipment. Essendant was formed in 1922 and is based in Deerfield, Illinois.

DEAL STATS #
Overall 7 of 8
Sector (Distribution) 6 of 6
Type (Add-on Acquisition) 7 of 7
State (Florida) 1 of 1
Country (United States) 7 of 8
Year (2015) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Liberty Bell Equipment

Philadelphia, Pennsylvania, United States

Liberty Bell Equipment Corp. (MEDCO) is a wholesaler of automotive aftermarket tools and supplies. MEDCO is North America's largest combined Paint, Body and Equipment (PBE) and Tool & Equipment wholesaler in the automotive aftermarket. With over 50,000 products from more than 350 manufacturers, MEDCO serves traditional distributors, retailers and mobile tool dealers through nine distribution centers across the US and three distribution centers in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-16 Staples - Wholesale Business

United States

Staples - Wholesale Business is an office supply chain store.

Buy $23M

Seller(S) 1

SELLER

Carousel Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1996
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Carousel Capital is a private investment group that invests in companies headquartered in the Southeast US. The Firm targets leveraged buyouts and recapitalizations of businesses in consumer products/services, business services, and healthcare services. Carousel will consider both the majority and minority situations. Prospective companies are generally valued up to $250 million and have at least $3 million of EBITDA. Carousel Capital was formed in 1996 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 11 of 20
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Florida) 2 of 2
Country (United States) 11 of 20
Year (2015) 4 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-05 Copac

Spartanburg, South Carolina, United States

Copac Global Packaging, Inc. is a provider of specialty packaging services to domestic and global customers in specific niche markets, focusing on high-end folding cartons, labels, inserts, hanging tags and envelopes.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-20 Sona MedSpa International

Charlotte, North Carolina, United States

Sona MedSpa International, Inc. is a provider of non-surgical cosmetic services.

Sell -
Mergr

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