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  6. Staples Acquires Thrive Networks

M&A Deal Summary

Staples Acquires Thrive Networks

On December 22, 2006, Staples acquired information technology company Thrive Networks

Acquisition Highlights
  • This is Staples’ 1st transaction in the Information Technology sector.
  • This is Staples’ 5th transaction in the United States.
  • This is Staples’ 2nd transaction in Massachusetts.
Investment Fate
  • Thrive Networks was divested to a consortium of strategic buyers in 2014.
  • Thrive Networks was divested to a consortium of buyers in 2016.

M&A Deal Summary
Date 2006-12-22
Target Thrive Networks
Sector Information Technology
Buyer(s) Staples
Deal Type Add-on Acquisition

Target

Thrive Networks

Foxborough, Massachusetts, United States
Thrive Networks is a managed services provider, delivers a portfolio of outsourced technology services that included cloud, hosting, security, disaster recovery, backup, replication, network management, device management, storage, virtualization and more. For nearly two decades, Thrive has leveraged leading vendor technologies, its vast technical engineering talent and a fanatical dedication to client support to service hundreds of mid-market customers across the United States. Thrive Networks was founded in 2000 and is based in Foxborough, Massachusetts.

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Buyer(S) 1

Buyer

Staples

Framingham, Massachusetts, United States
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 founded in 1985 and is based in Framingham, Massachusetts.

DEAL STATS #
Overall 5 of 17
Sector: Information Technology M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 16
State: Massachusetts M&A 2 of 3
Country: United States M&A 5 of 14
Year: 2006 M&A 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-24 Chiswick

Sudbury, Massachusetts, United States

Chiswick, Inc. is a distributor of industrial and retail packaging, shipping, and warehouse products.

Buy -
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