M&A Deal Summary

Essendant Acquires CPO Commerce

On May 19, 2014, Essendant acquired e-commerce company CPO Commerce from Capstar Partners for 30M USD

Acquisition Highlights
  • This is Essendant’s 1st transaction in the E-Commerce sector.
  • This is Essendant’s 3rd largest (disclosed) transaction.
  • This is Essendant’s 5th transaction in the United States.
  • This is Essendant’s 1st transaction in California.

M&A Deal Summary
Date 2014-05-19
Target CPO Commerce
Sector E-Commerce
Buyer(s) Essendant
Sellers(s) Capstar Partners
Deal Type Add-on Acquisition
Deal Value 30M USD
Advisor(s) Cascadia Capital LLC (Financial)

Target

CPO Commerce

Pasadena, California, United States
CPO Commerce is an e-commerce company operating in the home improvement industry. The Company is a multi channel merchant, offering a complete array of direct marketing services to manufacturers. CPO partners with manufacturers of leading brands to market their new, reconditioned, and discontinued products through co-branded online outlet stores.

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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 5 of 8
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (California) 1 of 1
Country (United States) 5 of 8
Year (2014) 1 of 2
Size (of disclosed) 3 of 4
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Liberty Bell Equipment

Philadelphia, Pennsylvania, United States

Liberty Bell Equipment Corp. (MEDCO) is a wholesaler of automotive aftermarket tools and supplies. MEDCO is North America's largest combined Paint, Body and Equipment (PBE) and Tool & Equipment wholesaler in the automotive aftermarket. With over 50,000 products from more than 350 manufacturers, MEDCO serves traditional distributors, retailers and mobile tool dealers through nine distribution centers across the US and three distribution centers in Canada.

Buy -

Seller(S) 1

SELLER

Capstar Partners

Austin, Texas, United States
Category Growth Capital Firm
Founded 2000
Size Small
Type Sector Agnostic
DESCRIPTION

Capstar Partners is a private equity firm focused on small and mid-sized buyouts, real estate transactions, and public investing. In addition to real estate target sectors include media/broadcasting, healthcare, e-commerce, and financial services. Capstar was formed in 2000 and is based in Austin, Texas.

DEAL STATS #
Overall 3 of 4
Sector (E-Commerce) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (California) 1 of 1
Country (United States) 3 of 4
Year (2014) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-18 Harden Healthcare

Austin, Texas, United States

Harden Healthcare LLC is a provider of post-acute care to patients with various health care needs and medical complexities throughout fourteen states including Texas, Alabama, California, Colorado, Florida, Georgia, Kansas, Oklahoma, Iowa, Illinois, Missouri, New York, Tennessee, and West Virginia. Harden Healthcare provides a complete post-acute care continuum encompassing long-term care, home health, hospice, and related ancillary services.

Sell $408M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Tiff’s Treats

Austin, Texas, United States

Tiff’s Treats is a manufacturer and delivers classic, baked-to-order cookies, and brownies straight from the oven to the home or office. Tiff’s Treats was founded in 1999 and is based in Austin, Texas.

Buy -
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