M&A Deal Summary

Wingate Partners and Associated Stationers Acquire Essendant

On April 1, 1995, private equity firm Wingate Partners and Associated Stationers acquired distribution company Essendant for 258M USD

Acquisition Highlights
  • This is Wingate Partners’ 3rd and Associated Stationers’ 1st transaction in the Distribution sector.
  • This is Wingate Partners’ and Associated Stationers’ largest (disclosed) transaction.
  • This is Wingate Partners’ 5th and Associated Stationers’ 1st transaction in the United States.
  • This is Wingate Partners’ 1st and Associated Stationers’ 1st transaction in Illinois.
Investment Fate
  • Essendant was sold to a strategic buyer in 2018 for 996M USD.
  • Essendant was divested to a consortium of buyers in 2019.

M&A Deal Summary
Date 1995-04-01
Target Essendant
Sector Distribution
Buyer(s) Wingate Partners
Associated Stationers
Deal Type Consolidation
Deal Value 258M USD

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) 2

Buyer

Wingate Partners

Dallas, Texas, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1987
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Wingate Partners is a turnaround investment firm that purchases controlling stakes in troubled manufacturing, distribution and service businesses headquartered in the US. Wingate looks to acquire under-performing companies, profitable businesses in changing or out of favor industries, and companies with incomplete management teams. Target businesses typically have revenues between $50 and $250 million. Wingate will not invest in banking, insurance, real estate, media, natural resources, and high technology. Wingate Partners was formed in 1987 and is based in Dallas, Texas.

DEAL STATS #
Overall 5 of 27
Sector (Distribution) 3 of 5
Type (Consolidation) 1 of 1
State (Illinois) 1 of 1
Country (United States) 5 of 27
Year (1995) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-01-01 ITCO Tire

United States

ITCO Tire Company is the nation's largest independent tire distributor with revenues of approximately $300 million. ITCO serviced primarily the independent tire dealer with major and private brand tires, custom wheels, and tire dealer supplies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1995-10-17 AmeriStat

Coon Rapids, Minnesota, United States

AmeriStat Mobile Medical Services to acquire scheduled patient transport ambulance companies. AmeriStat acquired ten companies and established several regional hubs, achieving the leading market share position in Texas.

Sell -
Buyer

Associated Stationers

United States
Category Company
Sector Distribution
DESCRIPTION

Associated Stationers, Inc. is a distribution company.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Consolidation) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (1995) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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