M&A Deal Summary

Essendant Acquires Staples - Wholesale Business

On February 16, 2016, Essendant acquired retailer Staples - Wholesale Business from Staples for 23M USD

Acquisition Highlights
  • This is Essendant’s 1st transaction in the Retail sector.
  • This is Essendant’s 4th largest (disclosed) transaction.
  • This is Essendant’s 8th transaction in the United States.

M&A Deal Summary
Date 2016-02-16
Target Staples - Wholesale Business
Sector Retail
Buyer(s) Essendant
Sellers(s) Staples
Deal Type Divestiture
Deal Value 23M USD

Target

Staples - Wholesale Business

United States
Staples - Wholesale Business is an office supply chain store.

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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 8 of 8
Sector (Retail) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 8 of 8
Year (2016) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-03 Nestor Sales

Largo, Florida, United States

Nestor Sales is a wholesaler and distributor of tools, equipment and supplies to the transportation industry.

Buy $39M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 ORS MEDCO

Deerfield, Illinois, United States

ORS MEDCO distributes safety and security products, tools, body shop & repair products, welding, paint, chemicals, and abrasives operating through its ORS Nasco, Medco, and Nestor distribution networks. ORS MEDCO is based in Illinois, United States.

Sell -

Seller(S) 1

SELLER

Staples

Framingham, Massachusetts, United States

website

Category Company
Founded 1985
Sector Retail
Employees42,554
Revenue 18.2B USD (2017)
DESCRIPTION
Entrance to Staples' corporate headquarters in Framingham, Massachusetts.
Entrance to Staples' corporate headquarters in Framingham, Massachusetts.

Staples is an office supply retailer. Staples sells and distributes a variety of office products for consumers as well as small to large companies around the world. Staples was formed in 1985 and is based in Framingham, Massachusetts.

DEAL STATS #
Overall 3 of 9
Sector (Retail) 1 of 3
Type (Divestiture) 3 of 9
Country (United States) 2 of 5
Year (2016) 1 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-23 Happy Studio

Brooklyn, New York, United States

Happy Studio, Inc. is a developer of mobile applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-18 Staples Print Solutions

Framingham, Massachusetts, United States

Staples Print Solutions is an online office supply chain store.

Sell -
Mergr

Product

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