In the Matter of Staples/Essendant, Inc., File No. 1810180 #00738

Submission Number:
00738
Commenter:
Gordon Parker III
State:
New Mexico
Initiative Name:
In the Matter of Staples/Essendant, Inc., File No. 1810180
The FTC needs to exercise its authority and block this Staples/Essendant merger, as it presents an unacceptable threat to competition. Private equity related mergers deserve heightened scrutiny as private equity funds often remove companies from the markets in which they were situated at time of acquisition, or drastically reduce the scale of their operations, leading to anti-competitive outcomes by reducing the number and scope of firms in a given market. After the great recession, private equity funds have turned to acquisitions to increase profits but this routinely comes at the expense of a company's ability to compete, retain market share, or retain employees. Those employees, their families and their communities suffer dire and life-changing negative consequences that they don't deserve. Companies get loaded up with debt and are unable to survive. The FTC needs to stop the Staples/Essendant merger and assiduously scrutinize the anti-competitive practices of private equity when assessing private equity-driven mergers.