M&A Deal Summary

Staples Acquires Medical Arts Press

On July 10, 2002, Staples acquired retailer Medical Arts Press from Freeman Spogli for 385M USD

Acquisition Highlights
  • This is Staples’ 3rd transaction in the Retail sector.
  • This is Staples’ 4th largest (disclosed) transaction.
  • This is Staples’ 3rd transaction in the United States.
  • This is Staples’ 1st transaction in Minnesota.

M&A Deal Summary

Date 2002-07-10
Target Medical Arts Press
Sector Retail
Buyer(s) Staples
Sellers(s) Freeman Spogli
Deal Type Add-on Acquisition
Deal Value 385M USD

Target

Medical Arts Press

Minneapolis, Minnesota, United States
website
Medical Arts Press is a direct marketer, manufacturer and distributor of office products and practice-related supplies to healthcare professionals.

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Buyer(S) 1

Buyer

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 17
Sector (Retail) 3 of 5
Type (Add-on Acquisition) 3 of 16
State (Minnesota) 1 of 1
Country (United States) 3 of 14
Year (2002) 1 of 1
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-11-21 Staples.com

Framingham, Massachusetts, United States

Staples.com is the online division of Staples, Inc. - a retailer of office supplies, furniture and technologies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-16 Prime Office Products

Nashville, Tennessee, United States

Prime Office Products, Inc. supplies office products to local businesses. Its products include calendars, computer supplies, filing supplies, furniture, labels, mail and packing, money management, office equipment, office maintenance, papers and envelopes, pens and desk supplies, presentation products, and record keeping products.

Buy -

Seller(S) 1

SELLER

Freeman Spogli

Los Angeles, California, United States

website


Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.


DEAL STATS #
Overall 6 of 25
Sector (Retail) 4 of 12
Type (Add-on Acquisition) 2 of 8
State (Minnesota) 1 of 1
Country (United States) 5 of 24
Year (2002) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-12-07 Advance Auto Parts

Raleigh, North Carolina, United States

Advance Auto Parts is an automotive aftermarket retailer of parts, accessories, batteries, and maintenance items, serves both the do-it-yourself and professional installer markets. Advance Auto was incorporated in 1929 and is headquartered in Raleigh, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-17 Hudson RCI

Research Triangle Park, North Carolina, United States

Hudson RCI is a manufacturer and marketer of disposable medical products utilized in the respiratory and anesthesia segments of the worldwide healthcare markets.

Sell $460M