M&A Deal Summary

Essendant Acquires ActionEmco

On October 3, 2008, Essendant acquired distribution company ActionEmco from Carlisle Enterprises and Centre Partners Management

Acquisition Highlights
  • This is Essendant’s 3rd transaction in the Distribution sector.
  • This is Essendant’s 3rd transaction in the United States.
  • This is Essendant’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2008-10-03
Target ActionEmco
Sector Distribution
Buyer(s) Essendant
Sellers(s) Carlisle Enterprises
Centre Partners Management
Deal Type Add-on Acquisition

Target

ActionEmco

North Bergen, New Jersey, United States
ActionEmco is a wholesale distributor of the office supplies and furniture in the United States serving small and medium-sized commercial, contract and retail office products dealers in the Northeast, New England and Midwest regions of the country.

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Buyer(S) 1

Buyer

Essendant

Deerfield, Illinois, United States

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 founded in 1922 and is based in Deerfield, Illinois.


DEAL STATS #
Overall 3 of 8
Sector (Distribution) 3 of 6
Type (Add-on Acquisition) 3 of 7
State (New Jersey) 1 of 1
Country (United States) 3 of 8
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-21 ORS Nasco

Tulsa, Oklahoma, United States

ORS Nasco is a wholesale distributor of industrial supplies in North America. The company offers a comprehensive product portfolio of premium branded and private label products from hundreds of manufacturers for use in the industrial, welding, oilfield, safety, electrical, construction, HVAC, MRO, plumbing, janitorial, and rental markets. ORS Nasco was founded in 1959 and is based in Tulsa, Oklahoma.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-22 O.K.I. Supply

Cincinnati, Ohio, United States

O.K.I. is a welding, safety and industrial products wholesaler in the country, serving the gases and welding industry.

Buy $90M

Seller(S) 2

SELLER

Carlisle Enterprises

San Diego, California, United States

Investor Investor


Category Private Equity Firm
Founded 1990
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Carlisle Enterprises is a private equity firm focused on investing in companies providing products and services to industrial, commercial and consumer markets. Prospective transaction situations include recapitalizations, divestitures, consolidations, minority and growth financings. Carlisle prefers businesses located within the US. The Firm will consider both profitable companies and turnaround situations. Carlisle's target investment range is up to $100 million of equity capital. Carlisle is partnered with and relies on private equity firm Centre Partners to fund acquisitions. Carlisle Enterprises is based in San Diego, California.


DEAL STATS #
Overall 8 of 16
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (New Jersey) 1 of 2
Country (United States) 7 of 15
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-08 Benetech

Aurora, Illinois, United States

Benetech is a domestic supplier of dust management systems to the coal and electric utility industries. The company designs, manufactures, installs and maintains dust management equipment for its customers and provides the chemicals utilized by its equipment. Benetech was founded in 1983 and is based in Aurora, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-31 MSA Aircraft Products

San Antonio, Texas, United States

MSA Aircraft Products, Inc. is a designer, manufacturer and provider of highly engineered window systems and associated composite components for use in Business Jet aircraft, as well as in new applications in the 1st Class Commercial aircraft segment of the aerospace industry. The company provides an extensive suite of patented products, comprehensive services and support to aircraft OEMs, completion centers and dealers worldwide.

Buy -
SELLER

Centre Partners Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $10 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.


DEAL STATS #
Overall 12 of 31
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 4 of 11
State (New Jersey) 2 of 4
Country (United States) 11 of 30
Year (2008) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-22 Covenant Care

Aliso Viejo, California, United States

Covenant Care is an operator of long-term care centers through its network of facilities, with over 5,000 licensed beds located throughout seven states. Covenant Care is based in Aliso Viejo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-10 Muzak

Fort Mill, South Carolina, United States

Muzak is the world's largest background music provider.

Sell -