M&A Deal Summary

One Equity Partners Acquires ORS MEDCO

On October 17, 2019, private equity firm One Equity Partners acquired distribution company ORS MEDCO from Essendant

Acquisition Highlights
  • This is One Equity Partners’ 5th transaction in the Distribution sector.
  • This is One Equity Partners’ 51st transaction in the United States.
  • This is One Equity Partners’ 4th transaction in Illinois.

M&A Deal Summary

Date 2019-10-17
Target ORS MEDCO
Sector Distribution
Buyer(s) One Equity Partners
Sellers(s) Essendant
Deal Type Divestiture

Target

ORS MEDCO

Deerfield, Illinois, United States
ORS MEDCO distributes safety and security products, tools, body shop & repair products, welding, paint, chemicals, and abrasives operating through its ORS Nasco, Medco, and Nestor distribution networks. ORS MEDCO is based in Deerfield, Illinois.

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Buyer(S) 1

Buyer

One Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2001
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Equity Partners (OEP) is a private equity firm that targets buyout and growth capital investments in North America, Europe, and Asia. OEP prefers to be the lead investor and typically commits $30 to $150 million per transaction. Sectors of interest include industrial products/services, consumer, retail, chemicals, media, communications, and healthcare. One Equity Partners was formed in 2001 and spun out of JP Morgan Chase in 2015. One Equity Partners is based in New York, New York.


DEAL STATS #
Overall 84 of 139
Sector: Distribution M&A 5 of 8
Type: Divestiture M&A Deals 16 of 31
State: Illinois M&A 4 of 4
Country: United States M&A 51 of 82
Year: 2019 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 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
2019-12-12 Nexion

Correggio, Italy

Nexion is a provider of tire and wheel service equipment worldwide. Nexion was founded in 1954 and is based in Correggio, Italy.

Buy -

Seller(S) 1

SELLER

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 3
Sector: Distribution M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 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.

Sell -