At what enterprise value was VERITIV CORPORATION acquired in 2023?

During the acquisition of VERITIV CORPORATION by CLAYTON, DUBILIER & RICE (CD&R) in 2023, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Industry & Manufacturing industry currently tracks an average EBITDA multiple of 11.2x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of VERITIV CORPORATION when it was acquired by CLAYTON, DUBILIER & RICE (CD&R)?

The estimated EV/EBITDA multiple for VERITIV CORPORATION is in the range of 5x - 12x. For comparison, the Industry & Manufacturing sector currently shows an average EBITDA multiple of 11.2x. Join our community for free to access full valuation data and industry trends.

What was the revenue of VERITIV CORPORATION at the time of the deal?

The revenue of VERITIV CORPORATION at the time of the deal is estimated to be in the range of 5b - 100b USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of VERITIV CORPORATION during the acquisition?

VERITIV CORPORATION's EBITDA is estimated to be in the range of 450M - 900M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the VERITIV CORPORATION acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the VERITIV CORPORATION deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.cdr.com/news/cdr-completes-acquisition-of-veritiv-corporation

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Home Database Industry & ManufacturingVERITIV CORPORATION

11/2023

VERITIV CORPORATION acquired by CLAYTON, DUBILIER & RICE (CD&R)

UNITED STATES Chemicals & Materials / Packaging & Containers EV 1b - 4b USD

Context

Clayton, Dubilier & Rice (CD&R) has completed the acquisition of Veritiv Corporation in a public-to-private transaction. Under the terms of the agreement, CD&R acquired all outstanding shares of Veritiv common stock for $170.00 per share in cash. The strategic rationale for the acquisition is to support Veritiv’s ongoing transformation into a pure-play leader in specialty packaging distribution. By moving to a private ownership structure, Veritiv gains the financial and operational flexibility necessary to accelerate its "buy and build" strategy and invest in further supply chain optimizations. Post-transaction, Veritiv will focus on expanding its value-added services and consolidating its dominant position in the fragmented North American packaging market. Sal Abbate continues as CEO, supported by a newly appointed Board of Directors featuring veteran industrial advisors.

VERITIV CORPORATION, which reported an EBITDA margin of LOGIN in 2022, is valued in this transaction at an EV/EBITDA multiple of LOGIN, a level LOGIN as low as the average currently observed in the Industry & Manufacturing sector (11.2x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Headquartered in Atlanta, Veritiv is a leading North American full-service provider of packaging, JanSan, and hygiene products. The company was taken private by the global investment firm Clayton, Dubilier & Rice (CD&R) in 2023. Veritiv’s investment thesis centers on consolidating the fragmented specialty packaging distribution sector to create an unparalleled design-to-delivery platform. Its business model leverages significant scale and a vast distribution network to offer integrated supply chain solutions, including custom design, global sourcing, and sustainable product alternatives. Under CD&R’s ownership, Veritiv has pursued an aggressive "buy and build" strategy, acquiring several specialty players like Vivabox and AmeriPac to enhance its value-added service capabilities. The company serves a wide range of global industries, positioning itself as a mission-critical partner for brands seeking to streamline their packaging lifecycles and improve operational sustainability.

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Other operations with VERITIV CORPORATION

List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
12/2024	VERITIV CORPORATION	ORORA PACKAGING SOLUTIONS	UNITED STATES	Chemicals & Materials	Veritiv Operating Company has successfully completed the acquisition of Orora Packaging Solutions (OPS) from Orora Limited (ASX: ORA). This landmark transaction represents a major step in Veritiv’s consolidation strategy within the North American packaging sector

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 5b - 100b USD

EBITDA range: 450M - 900M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of VERITIV CORPORATION by CLAYTON, DUBILIER & RICE (CD&R) are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: veritiv corporation

Acquirer: clayton, dubilier & rice (cd&r)