M&A Deal Summary

Gamut Capital Management Acquires DEX Imaging

On April 23, 2024, private equity firm Gamut Capital Management acquired retailer DEX Imaging from Staples

Acquisition Highlights
  • This is Gamut Capital Management’s 1st transaction in the Retail sector.
  • This is Gamut Capital Management’s 8th transaction in the United States.
  • This is Gamut Capital Management’s 1st transaction in Florida.

M&A Deal Summary

Date 2024-04-23
Target DEX Imaging
Sector Retail
Buyer(s) Gamut Capital Management
Sellers(s) Staples
Deal Type Divestiture
Advisor(s) Guggenheim Securities (Financial)

Target

DEX Imaging

Tampa, Florida, United States
DEX Imaging is an independent dealer of Kyocera, Konica Minolta, and Canon document imaging equipment. The company sells and services printers, copiers, fax units, and digital data management software. DEX Imaging was founded in 2002 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Gamut Capital Management


Category Private Equity Firm
Founded 2015
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Gamut Capital Management is a private equity group focused on investing $50 to $150 million in middle market US-based companies. Target sectors include agriculture, chemicals, telecom, industrials, mining, power, distribution, technology, energy and transportation. Gamut’s flexible investment strategy incorporates leveraged buy-outs, corporate carve-outs, strategic partnerships, and distressed-for-control situations. Gamut Capital Management was formed in 2015 and is based in New York, New York.


DEAL STATS #
Overall 9 of 10
Sector: Retail M&A 1 of 1
Type: Divestiture M&A Deals 2 of 3
State: Florida M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-20 Petmate

Arlington, Texas, United States

Petmate is a supplier of a wide variety of non-food pet products to retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. Petmate reaches customers through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-08 Airtron Heating & Air Conditioning

Columbus, Ohio, United States

Airtron Heating & Air Conditioning is a provider of heating, ventilation, and air conditioning (HVAC) systems primarily focused on serving the residential construction channel. Airtron Heating & Air Conditioning was founded in 1972 and is based in Columbus, Ohio.

Buy -

Seller(S) 1

SELLER

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 10 of 10
Sector: Retail M&A 4 of 4
Type: Divestiture M&A Deals 10 of 10
State: Florida M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-11 DEX Imaging

Tampa, Florida, United States

DEX Imaging is an independent dealer of Kyocera, Konica Minolta, and Canon document imaging equipment. The company sells and services printers, copiers, fax units, and digital data management software. DEX Imaging was founded in 2002 and is based in Tampa, Florida.

Buy -