OEP buys ORS MEDCO
Summary
NEW YORK – OCTOBER 17, 2019 – One Equity Partners (“OEP”), a middle market private equity firm, today announced that it has completed the acquisition of ORS MEDCO (“the Company”), a wholesaler of maintenance and repair focused non-discretionary and consumable industrial and automotive aftermarket products, from Essendant, Inc. in a corporate carve-out transaction. Headquartered in Deerfield, IL, ORS MEDCO distributes safety and security products, tools, body shop & repair products, welding, paint, chemicals, and abrasives operating through its ORS Nasco, Medco, and Nestor distribution networks. “We are excited to partner with the management team led 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. “OEP has an excellent reputation for growing industrial businesses in partnership with management that position them for accelerated growth and market expansion,” said Kempa. “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 MEDCO’s market-leading wholesale distribution capabilities and continued focus on providing exceptional customer service.” Chris Kempa will work closely with Manuel “Manny” Perez de la Mesa, Vice Chairman and recently retired CEO of Pool Corporation, who will serve as Chairman of ORS MEDCO.