ODP Corporation Completes Transition to Private Ownership

ODP US88337F1057

The ODP Corporation has officially concluded its tenure as a publicly traded entity, finalizing its delisting from the NASDAQ exchange. This move follows the company's acquisition by an affiliate of the private investment firm Atlas Holdings, a transaction valued at approximately $1 billion. The deal, which was first announced to the public in September 2025, marks a significant shift in the office supply retailer's corporate structure and future trajectory.

Shareholders of ODP approved the acquisition on December 5, 2025. Upon receiving all necessary regulatory clearances, the transaction was formally closed on December 10, 2025. As a result of the agreement, equity holders received a cash consideration of $28 for each share they owned. The completion of this process triggered the immediate delisting of ODP's common stock from the NASDAQ, ending its presence on public markets.

New Leadership and Strategic Implications

A change in ownership has ushered in a new executive leadership team. The company has appointed Craig Gunckel as its Chief Executive Officer, succeeding Gerry P. Smith. Gunckel's extensive background in managing businesses within the paper and packaging sector is viewed as directly relevant to ODP's core operations, which include its B2B sales network and retail segments.

Operating under the umbrella of Atlas Holdings, ODP now joins a portfolio focused on industrial manufacturing and distribution enterprises. The transition to private status relieves the corporation of the obligations associated with quarterly public financial disclosures. This shift is expected to afford the new management team increased flexibility to implement operational changes and pursue long-term strategic goals without the scrutiny of the public market.

The central question now is what strategic course the firm will chart under its new private equity ownership and away from the demands of public investors.

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