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Who bought United Stationers?
Wingate Partners
In April 1995 Wingate Partners, a Dallas-based private equity fund, purchased United Stationers for approximately $258 million and merged it with its own subsidiary, rival office-products wholesaler Associated Stationers. The merged companies continue under the name United Stationers Inc.
Who is Essendant owned by?
Essendant, formerly known as United Stationers, is a national wholesale distributor of office supplies, with consolidated net sales of $5.3 billion….Essendant.
| Type | Subsidiary |
|---|---|
| Revenue | $5.369 billion (2016) |
| Number of employees | 6,400 (2017) |
| Parent | Sycamore Partners |
| Website | http://www.essendant.com |
Does Essendant own staples?
Essendant Inc. is now part of Staples Inc., the two companies announced today. Essendant filed with the U.S. Securities and Exchange Commission today a notification of removal of its listing on the Nasdaq Stock Market—a move the companies said would follow Essendant becoming a wholly owned subsidiary of Staples.
What does the company Essendant do?
Essendant Inc. supplies workplace essentials. The Company offers office and food service products, computer hardware, furniture, welding, safety, and janitorial and sanitation supplies. Essendant serves office furniture dealers, online retailers, janitorial and sanitation distributors, and omni-channel suppliers.
What industry is Essendant in?
Company Description: Essendant Inc. is located in Shafter, CA, United States and is part of the Paper and Paper Product Merchant Wholesalers Industry.
When did staples buy Essendant?
last week announced they have entered into a definitive agreement where an affiliate of Staples will acquire Essendant for $12.80 per share, a 51% premium to Essendant’s share price on April 11, or a transaction value of $996 million including net debt.
Is Essendant a good company?
Essendant is a Fine Place to Work My experience at Essendant was decent overall. People were welcoming and allowed you to do your job without any fuss. Very aggressive in terms of its business goals and overall attitude, so if that is not your style, then probably not a good one to work for. Benefits are good.
Who owns Orsnasco?
One Equity Partners
ORS NASCO INC/Parent organizations
One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed the acquisition of ORS Nasco, from Essendant, Inc. in a corporate carve-out transaction.
Is Staples vertically integrated?
Staples is the largest vertically integrated reseller of office products in the United States, and one of only two retail office supply superstores in the United States.
Who bought ORS Nasco?
United Stationers Inc.’s wholly owned subsidiary, United Stationers Supply Co., Deerfield, IL, has agreed to acquire ORS Nasco Holding Inc., an affiliate of Brazos Private Equity Partners, LLC, for $180 million.
What does ORS Nasco stand for?
ORS Nasco’s name comes from New Brighton, MN-based Nasco, founded in 1959 and Muskogee, OK-based Oklahoma Rig & Supply, founded in 1968. The two merged in 2003 and the resulting company has since been selling exclusively to independent distributors as a single-source wholesaler.
Who owns ORS Nasco?
When did United Stationers inc.go public?
So, in 1978, the retail operations were sold and the company began to operate exclusively as an office products wholesaler. To provide the capital to further its growth, Essendant incorporated and then went public in 1981 as United Stationers Inc. (USTR) on the NASDAQ.
How many staples stores are there in the US?
Staples Inc. It currently comprises over 1,500 stores in North America. Headquartered in Framingham, Massachusetts, Staples also does business extensively with enterprises in the United States and Canada, and as Staples Business Advantage. Staples sells office supplies, office machines, promotional products, technology,…
What kind of business does Staples company do?
It is primarily involved in the sale of office supplies and related products, via retail channels and business-to-business (B2B)-oriented delivery operations. At some locations, Staples also offers a copy and print service.
When did United Stationers change their name to Essendant?
In early 2015, the company announced the re-branding of the company to Essendant from United Stationers. The new company name became effective in June 2015. The company’s symbol on the NASDAQ Global Select Market changed from USTR to ESND.