M&A Deal Summary

Office Depot Acquires CompuCom

On October 3, 2017, Office Depot acquired information technology company CompuCom from Thomas H. Lee Partners for 1.0B USD

Acquisition Highlights
  • This is Office Depot’s 1st transaction in the Information Technology sector.
  • This is Office Depot’s largest (disclosed) transaction.
  • This is Office Depot’s 2nd transaction in the United States.
  • This is Office Depot’s 1st transaction in South Carolina.
Investment Fate
  • CompuCom was divested to a consortium of buyers in 2021.

M&A Deal Summary

Date 2017-10-03
Target CompuCom
Sector Information Technology
Buyer(s) Office Depot
Sellers(s) Thomas H. Lee Partners
Deal Type Add-on Acquisition
Deal Value 1.0B USD
Advisor(s) Weil Gotshal & Manges (Legal)

Target

CompuCom

Fort Mill, South Carolina, United States
CompuCom is a provider of end-to-end managed workplace services, infrastructure modernization, and digital consulting to enable the digital workplace for enterprise and mid-market organizations. CompuCom was founded in 1987 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

Office Depot

Boca Raton, Florida, United States

Category Company
Founded 1986
Sector Retail
Employees20,000
Revenue 7.8B USD (2023)
DESCRIPTION
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. ODP, 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.


DEAL STATS #
Overall 6 of 7
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 6 of 7
State (South Carolina) 1 of 1
Country (United States) 2 of 3
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-23 Office Depot Europe

Venlo, Netherlands

Office Depot Europe is a provider of business supplies and services to help customers work better - whatever their workplace. Company are a single source for everything customers need to be more productive, including the latest technology, core office supplies, print and document services, business services, facilities products, furniture, and school essentials. Office Depot Europe is based in Venlo, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 BuyerQuest

Cleveland, Ohio, United States

BuyerQuest, Inc. is a spend management software and services company, founded on the core belief that the enterprise procurement experience can and should be just as easy as an everyday B2C e-commerce shopping experience. BuyerQuest, Inc. was founded in 2011 and is based in Cleveland, Ohio.

Buy -

Seller(S) 1

SELLER

Thomas H. Lee Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1974
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Thomas H. Lee Partners (THL) is a private equity firm that seeks buyout, expansion, consolidation, distressed, and recapitalization investments across various industries. Sectors of interest include business and information services, consumer products/retail, financial services, healthcare, industrial, and media/communications. THL looks to invest $100 to $400 million in companies valued up to $2.5 billion. THL was formed in 1974 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 37 of 54
Sector (Information Technology) 4 of 6
Type (Add-on Acquisition) 13 of 18
State (South Carolina) 1 of 1
Country (United States) 29 of 45
Year (2017) 3 of 3
Size (of disclosed) 15 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-02 Ten-X

Irvine, California, United States

Ten-X, Inc. is a provider of an online real-estate marketplace that allows individuals and investors to buy and sell residential and commercial real-estate properties using both desktop and mobile channels. Ten-X was founded in 2009 and is based in Irvine, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-25 Hightower

Chicago, Illinois, United States

HighTower provides its services to individuals, high net worth individuals, endowments and foundations, institutions, ERISA and other retirement accounts, pension and taft-hartley plans, pension and profit sharing plans, trusts, estates, charitable organizations, corporations, and institutional organizations such as colleges, universities. It manages separate client focused portfolios. Hightower was founded in 2008 and is based in Chicago, Illinois.

Buy -