Cascadia Advises CPO Commerce in Sale to United Stationers
June 23, 2014
Cascadia Capital has announced it acted as exclusive financial advisor to CPO Commerce in its sale to United Stationers (NASDAQ: USTR). The deal was for $40 million, including performance incentives. Formerly backed by Capstar Partners and Houston Ventures, CPO is an online retailer of power tools and outdoor equipment, and sells directly to consumers through 46 unique e-commerce websites. It generated $78 million of Web sales in 2013.