Brazos Selling ORS Nasco

Brazos Private Equity Partners has agreed to sell ORS Nasco Inc. to United Stationers Supply Co. (Nasdaq: USTR) for approximately $180 million in cash. ORS Nasco is a Muskogee, Okla.-based wholesale distributor of branded and private-label products and services to industrial customers. It was acquired by Brazos in December 2005.


Brazos Private Equity Partners, LLC, a leading Dallas-based private investment firm, today announced the signing of a definitive agreement under which ORS Nasco, Inc., a wholesale distribution business acquired by a Brazos-led investor group in December 2005, will be acquired by United Stationers Supply Co., a wholly owned subsidiary of United Stationers Inc. (Nasdaq: USTR), in an all-cash transaction valued at approximately $180 million.

ORS Nasco, headquartered in Muskogee, Oklahoma, is a leading wholesale distributor of branded and private-label products and services to industrial customers in the $22 billion wholesale industrial supplies market.  United Stationers, based in Deerfield, Ill., is North America's largest broad line wholesale distributor of business products.  Completion of the transaction, which is subject to Hart-Scott-Rodino antitrust review and other customary closing conditions, is expected to occur late in the fourth quarter of 2007.

Randall S. Fojtasek, a Brazos Partner, said: “ORS Nasco has been an outstanding investment for Brazos and was the first investment made in our second fund.  With annual sales of approximately $285 million in 2007, ORS Nasco's EBITDA has increased by more than 50% during Brazos' two-year investment period.  I want to thank Bill Scheller, ORS Nasco's president and chief executive officer and a significant equity participant in our initial investment in the company, for the work he and his outstanding team have done over the past two years to build the value of ORS Nasco for everyone concerned.  We wish Bill and his team the very best as they go forward under a new ownership structure.”

Mr. Scheller said: “Brazos has been a great business partner over the past two years and has supported our efforts to serve our customers, grow our business, and build the value of the enterprise.  We're highly confident that, based on that solid foundation, ORS Nasco will achieve continued strong performance for many years to come.”

About Brazos Private Equity Partners, LLC

Brazos Private Equity Partners, LLC, of Dallas, one of the most active middle-market private investment firms in the United States, specializes in leveraged acquisitions and recapitalizations of established, profitable companies with strong and proven management teams, predictable cash flows and significant growth potential.  Brazos partners with management teams to invest in consumer, distribution, financial services, healthcare, manufacturing, and media businesses.  Since inception, Brazos has completed or currently has pending more than forty transactions with an aggregate transaction value of more than $1.5 billion, including, among others, and in addition to ORS Nasco, Cheddar's, Walls Industries, Shelter Distribution, Republic Group of Insurance Companies, Cypress Care, and Ennis Paint.  The firm has more than $650 million under management and is currently investing Brazos Equity Fund II, L.P., an investment partnership with $400 million in subscriptions.  For additional information about Brazos, please visit the firm's website at

About ORS Nasco, Inc.

ORS Nasco, Inc. is one of the largest wholesale distributors of industrial supplies in North America.  It offers a comprehensive product portfolio of more than 200,000 SKUs of premium branded and private label products from more than 600 manufacturers for use in the industrial, welding, oilfield, safety, electrical, construction, HVAC, MRO, plumbing, janitorial and rental markets.  The company serves a highly diverse customer base of more than 10,000 independent distributors through a network of eight strategically placed distribution centers that provide overnight delivery access to nearly 90% of the United States population, and 98% of the country within two days.  For additional information about ORS Nasco, please visit the firm's website at