M&A Deal Summary

Wesco Financial Acquires CORT Business Services

On February 17, 2000, Wesco Financial acquired business services company CORT Business Services for 467M USD

Acquisition Highlights
  • This is Wesco Financial’s 1st transaction in the Business Services sector.
  • This is Wesco Financial’s largest (disclosed) transaction.
  • This is Wesco Financial’s 1st transaction in the United States.
  • This is Wesco Financial’s 1st transaction in Virginia.

M&A Deal Summary
Date 2000-02-17
Target CORT Business Services
Sector Business Services
Buyer(s) Wesco Financial
Deal Type Add-on Acquisition
Deal Value 467M USD
Advisor(s) Harpeth Capital LLC (Financial)

Target

CORT Business Services

Chantilly, Virginia, United States
CORT delivers much more than furniture rental.Live, work, celebrate embodies CORT's dedication to deliver unparalleled customer service to a wide range of clients who recognize CORT provides a lot more than just furniture.

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Buyer(S) 1

Buyer

Wesco Financial

Pasadena, California, United States
Category Company
Founded 1959
Sector Financial Services
Employees2,286
DESCRIPTION

Wesco engages in three principal businesses through its own direct or indirect subsidiaries, including the insurance business, the furniture rental business and the steel service center business. Wesco’s operations also include the management of commercial and residential real estate.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2000) 1 of 1
Size (of disclosed) 1 of 1
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