Office Depot

Office Depot in its US$1 billion acquisition of THL Portfolio Holdings


Office Depot Inc.


US$1 billion


Mergers and Acquisitions

Date Closed

November 2017

Lead Office


On November 9 2017, Office Depot, Inc. announced the acquisition of THL Portfolio Holdings Corp., the parent company of CompuCom Systems, Inc. for a total value of approximately $1 billion. This transaction was viewed as transformative for Office Depot as it evolved from an office supplies retailer to a diversified supplier of office products and technology services.

Office Depot Inc. is an American office supply retailing company with combined annual sales of approximately $11 billion.

THL Portfolio Holdings Corp. was incorporated in 2006 and is headquartered in Boston, Massachusetts. As of November 8, 2017, THL Portfolio Holdings Corp. operates as a subsidiary of Office Depot, Inc.

Osler, Hoskin & Harcourt LLP represented Office Depot with a team led Michelle Lally that consisted of Kaeleigh Kuzma and Gajan Sathananthan (Competition/Antitrust).