TULSA, Okla., Oct. 18, 2019 /PRNewswire-PRWeb/ -- 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. Financial terms of the transaction were not disclosed.
ORS Nasco is North America's leading wholesaler of industrial and safety supplies selling exclusively to distributors throughout North America. ORS Nasco offers access to over 200,000 skus of premium products from more than 600 brands for use in the industrial, welding, energy, safety, electrical, construction, HVAC, MRO, PVF, plumbing, janitorial, and rental channel markets. ORS Nasco serves rapidly growing distributor customers with a network of 16 strategically placed distribution centers nationwide and internationally.
ORS Nasco's distributor relationships are well-rounded across the entire country with its product offering and unique services. With this versatile portfolio, ORS Nasco enables distributors to lower their product cost-of-acquisition and better serve their customers. ORS Nasco's long-standing vendor relationships and branded offerings enable manufacturers to lower their cost-to-serve and reach under penetrated markets.
"We are excited to partner with the management team lead by CEO Chris Kempa to provide them with capital and operational resources that will allow them to pursue the next chapter of growth as an independent company," said David Han, Senior Managing Director at OEP. "This acquisition is well aligned with OEP's historic focus on structuring carve-outs of attractive industrial businesses in close partnership with management teams and corporate sellers."
"We are thrilled to become an independent company through our partnership with OEP and believe that we will be able to increase and expand sales to existing and new customers based on ORS Nasco's market-leading wholesale distribution capabilities and continued focus on providing exceptional customer service," said Kempa.
About One Equity Partners
One Equity Partners is a middle market private equity firm focused on the industrial, healthcare, and technology sectors in North America and Europe. The firm builds market-leading companies by identifying and executing transformative business combinations. OEP is a trusted partner with a differentiated investment process, a broad and senior team, and an established track record generating long-term value for its partners. Since 2001, the firm has completed more than 180 transactions worldwide. OEP, founded in 2001, spun out of JP Morgan in 2015. The firm has offices in New York, Chicago, and Frankfurt. For more information, please visit http://www.oneequity.com.
SOURCE ORS Nasco
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