M&A Deal Summary

CD&R Acquires Veritiv

On August 7, 2023, private equity firm CD&R acquired distribution company Veritiv

Acquisition Highlights
  • This is CD&R’s 16th transaction in the Distribution sector.
  • This is CD&R’s 62nd transaction in the United States.
  • This is CD&R’s 7th transaction in Georgia.

M&A Deal Summary
Date 2023-08-07
Target Veritiv
Sector Distribution
Buyer(s) CD&R
Deal Type Going Private

Target

Veritiv

Atlanta, Georgia, United States
Veritiv is a distributor of packaging, facility solutions, print and publishing products and services; and also a provider of logistics and supply chain management solutions. Serving customers in a wide range of industries, the Company has approximately 160 operating distribution centers throughout the U.S., Canada and Mexico, and employs approximately 8,700 team members that help shape the success of its customers. Veritiv was founded in 2013 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

CD&R

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1978
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clayton, Dubilier & Rice LLC (CD&R) is a large private equity firm that targets non-core divestitures of large corporations, growth equity financings, traditional buyouts, and corporate/family partnerships. CD&R looks for opportunities in North America, Western Europe, and Asia and will consider businesses in a wide range of sectors including consumer/retail, healthcare, industrials, and services. Prospective companies generally lead their respective markets, have stable cash flows, and possess competitive advantages through differentiated products, services, or processes. CD&R was formed in 1978 and has offices in New York City and London.

DEAL STATS #
Overall 87 of 93
Sector (Distribution) 16 of 17
Type (Going Private) 11 of 13
State (Georgia) 7 of 7
Country (United States) 62 of 67
Year (2023) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-27 Focus Financial Partners

New York, New York, United States

Focus Financial Partners is a partnership of independent, fiduciary wealth management firms. Focus provides superior access to best practices, resources, and continuity planning for its partner firms that serve individuals, families, employers, and institutions with wealth management, benefits consulting, and investment consulting services. Focus Financial Partners is based in New York City.

Buy $7.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Shearer’s Foods

Massillon, Ohio, United States

Shearer's Foods is a producer of high-quality seasoned snack foods and related products. Shearer's produces kettle chips. Shearer's Foods was formed in 1974 and is based in Massillon, Ohio.

Buy -
Mergr

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