M&A Deal Summary

Staples Acquires Essendant

On September 14, 2018, Staples acquired distribution company Essendant for 996M USD

Acquisition Highlights
  • This is Staples’ 5th transaction in the Distribution sector.
  • This is Staples’ 2nd largest (disclosed) transaction.
  • This is Staples’ 13th transaction in the United States.
  • This is Staples’ 2nd transaction in Illinois.
Investment Fate
  • Essendant was divested to a consortium of buyers in 2019.

M&A Deal Summary

Date 2018-09-14
Target Essendant
Sector Distribution
Buyer(s) Staples
Deal Type Add-on Acquisition
Deal Value 996M USD
Advisor(s) Citi (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

Essendant

Deerfield, Illinois, United States
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.

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Buyer(S) 1

Buyer

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 16 of 17
Sector: Distribution M&A 5 of 5
Type: Add-on Acquisition M&A Deals 15 of 16
State: Illinois M&A 2 of 2
Country: United States M&A 13 of 14
Year: 2018 M&A 2 of 2
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-26 HiTouch Business Services

Saddle Brook, New Jersey, United States

HiTouch Business Services is a full-service company with a nationwide network of local distribution centers, providing a wide range of office productivity services in a personalized and environmentally responsible way.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-31 Essendant

Deerfield, Illinois, United States

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.

Sell -