M&A Deal Summary

Atlas Holdings Acquires Office Depot

On September 22, 2025, private equity firm Atlas Holdings acquired retailer Office Depot

Acquisition Highlights
  • This is Atlas Holdings’ 1st transaction in the Retail sector.
  • This is Atlas Holdings’ 32nd transaction in the United States.
  • This is Atlas Holdings’ 1st transaction in Florida.

M&A Deal Summary

Date 2025-09-22
Target Office Depot
Sector Retail
Buyer(s) Atlas Holdings
Deal Type Going Private
Advisor(s) J.P. Morgan Securities (Financial)
Simpson Thacher & Bartlett (Legal)

Target

Office Depot

Boca Raton, Florida, United States
Entrance to Office Depot's corporate headquarters in Boca Raton, Florida.
Entrance to Office Depot's corporate headquarters in Boca Raton, Florida.
Office Depot is a retailer and provider of office products and services. The company 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.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 40 of 40
Sector: Retail M&A 1 of 1
Type: Going Private M&A Deals 4 of 4
State: Florida M&A 1 of 1
Country: United States M&A 32 of 32
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-15 De La Rue

Basingstoke, United Kingdom

De La Rue is a provider of products and services that enable currency production and secure identity solutions. The Company designs and manufactures banknotes, polymer substrates, and authentication technologies used by governments and central banks worldwide. De La Rue was founded in 1813 and is headquartered in Basingstoke, Hampshire, United Kingdom.

Buy £263M