M&A Deal Summary

Torex Retail Holdings Acquires OPENFIELD Solutions

On September 26, 2005, Torex Retail Holdings acquired retailer OPENFIELD Solutions from Park Avenue Equity Partners

Acquisition Highlights
  • This is Torex Retail Holdings’ 1st transaction in the Retail sector.
  • This is Torex Retail Holdings’ 1st transaction in the United States.
  • This is Torex Retail Holdings’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2005-09-26
Target OPENFIELD Solutions
Sector Retail
Buyer(s) Torex Retail Holdings
Sellers(s) Park Avenue Equity Partners
Deal Type Add-on Acquisition

Target

OPENFIELD Solutions

Raleigh, North Carolina, United States
OPENFIELD Solutions Inc. (formerly known as Systech Retail Systems) is a leading retail industry independent developer, integrator and supporter of best-in-class solutions for North American supermarket and general merchandise chains. The Company provides professional services, support and maintenance programs, and give retailers the flexibility to select solutions that best meet their individual business needs.

Search 214,503 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Torex Retail Holdings

Dunstable, United Kingdom

Category Company
Founded 2007
Sector Software
DESCRIPTION

Torex provides software, hardware and services that power many of the retailing operations including Tesco, Selfridges and Argos among a client list that features over 6000 customers.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1

Seller(S) 1

SELLER

Park Avenue Equity Partners

New York, New York, United States

Category Private Equity Firm
Founded 1997
PE ASSETS 340M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Park Avenue Equity Partners is a private equity firm that seeks investments in North American middle-market companies operating in basic industries. Areas of interest include construction, solid waste, transportation, recycling, healthcare and financial services. Park Avenue looks to invest $50 million per transaction and has an investment horizon of five to seven years. Park Avenue Equity Partners was formed in 1999 and is based in New York City.


DEAL STATS #
Overall 1 of 7
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: North Carolina M&A 1 of 2
Country: United States M&A 1 of 7
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-08 Meyer Material Co.

McHenry, Illinois, United States

Meyer Material Co. is a regional concrete and aggregate business. Meyer Material produces and delivers ready-mix concrete and mines and sells aggregate materials.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 Condor Automotive Group

West Chester, Pennsylvania, United States

Condor Automotive Group offers new and used vehicles and is based in West Chester, Pennsylvania.

Buy -