One Equity Partners (OEP), a middle market private equity firm, announced that it has completed the acquisition of MEDCO, from Essendant, Inc. in a corporate carve-out transaction. Financial terms of the transaction were not disclosed.
Medco is a wholesale distributor of automotive aftermarket tools and collision repair products, serving both traditional distribution and mobile tool dealers. The company operates 15 warehouse locations across the U.S. and three locations in Canada, providing access to more than 100,000 SKUs from more than 400 manufacturers and next day/2-day delivery to more than 95% of North America.
“We are excited to partner with the