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ODP Business Solutions Joins New, Multi-Year, Multi-Award $500M Annual Furniture Partnership with Region 4 Education Service Center

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ODP Business Solutions, a division of The ODP (NASDAQ: ODP), has secured a new multi-year furniture contract with Region 4 Education Service Center (ESC) with potential annual revenue of up to $500M. Through OMNIA Partners, the contract enables ODP's Workspace Interiors team to provide furniture, installation, and related services to K-12 schools, higher education institutions, and local governments across the United States.

The contract offers OMNIA Partners members access to products for various environments, including breakrooms, classrooms, offices, libraries, and cafeterias. Region 4 ESC serves 48 public school districts and 43 public charter schools, representing over 1.2 million students and 111,000 educators. This marks ODP Business Solutions' fifth contract award, demonstrating their commitment to serving public sector organizations.

ODP Business Solutions, una divisione di The ODP (NASDAQ: ODP), ha ottenuto un nuovo contratto pluriennale per mobili con il Region 4 Education Service Center (ESC), con potenziali entrate annuali fino a 500 milioni di dollari. Grazie a OMNIA Partners, il contratto consente al team di Workspace Interiors di ODP di fornire mobili, installazione e servizi correlati a scuole K-12, istituzioni di istruzione superiore e governi locali negli Stati Uniti.

Il contratto offre ai membri di OMNIA Partners accesso a prodotti per vari ambienti, tra cui sale break, aule, uffici, biblioteche e mense. Il Region 4 ESC serve 48 distretti scolastici pubblici e 43 scuole charter pubbliche, rappresentando oltre 1,2 milioni di studenti e 111.000 educatori. Questo rappresenta il quinto contratto assegnato a ODP Business Solutions, dimostrando il loro impegno nel servire le organizzazioni del settore pubblico.

ODP Business Solutions, una división de The ODP (NASDAQ: ODP), ha asegurado un nuevo contrato de muebles a largo plazo con el Region 4 Education Service Center (ESC) con un potencial de ingresos anuales de hasta 500 millones de dólares. A través de OMNIA Partners, el contrato permite que el equipo de Workspace Interiors de ODP proporcione muebles, instalación y servicios relacionados a escuelas K-12, instituciones de educación superior y gobiernos locales en los Estados Unidos.

El contrato ofrece a los miembros de OMNIA Partners acceso a productos para diversos entornos, incluidos salas de descanso, aulas, oficinas, bibliotecas y cafeterías. El Region 4 ESC atiende a 48 distritos escolares públicos y 43 escuelas chárter públicas, representando más de 1.2 millones de estudiantes y 111,000 educadores. Este es el quinto contrato otorgado a ODP Business Solutions, lo que demuestra su compromiso con el servicio a organizaciones del sector público.

ODP 비즈니스 솔루션, The ODP(NASDAQ: ODP)의 한 부서가 제 4 지역 교육 서비스 센터(ESC)와 새로운 다년 간의 가구 계약을 체결하여 연간 최대 5억 달러의 잠재적 수익을 확보했습니다. OMNIA Partners를 통해 이 계약은 ODP의 Workspace Interiors 팀이 K-12 학교, 고등 교육 기관 및 미국 전역의 지방 정부에 가구, 설치 및 관련 서비스를 제공할 수 있도록 합니다.

이 계약은 OMNIA Partners의 회원들에게 휴게실, 교실, 사무실, 도서관 및 카페테리아 등 다양한 환경을 위한 제품에 대한 접근을 제공합니다. Region 4 ESC는 48개의 공립학교 구역과 43개의 공립 차터 학교를 운영하며, 이를 통해 120만 이상의 학생과 111,000명의 교육자를 지원하고 있습니다. 이는 ODP 비즈니스 솔루션의 다섯 번째 계약 수여이며, 공공 부문 조직을 지원하겠다는 그들의 약속을 보여줍니다.

ODP Business Solutions, une division de The ODP (NASDAQ: ODP), a sécurisé un nouveau contrat de mobilier pluriannuel avec le Region 4 Education Service Center (ESC), avec un revenu annuel potentiel pouvant atteindre 500 millions de dollars. Grâce à OMNIA Partners, ce contrat permet à l'équipe de Workspace Interiors d'ODP de fournir des meubles, des installations et des services connexes aux écoles K-12, aux établissements d'enseignement supérieur et aux gouvernements locaux à travers les États-Unis.

Le contrat offre aux membres d'OMNIA Partners un accès à des produits pour divers environnements, notamment des salles de pause, des salles de classe, des bureaux, des bibliothèques et des cafétérias. Le Region 4 ESC dessert 48 districts scolaires publics et 43 écoles à charte publiques, représentant plus de 1,2 million d'élèves et 111 000 éducateurs. Cela marque la cinquième attribution de contrat à ODP Business Solutions, démontrant leur engagement à servir les organisations du secteur public.

ODP Business Solutions, eine Abteilung von The ODP (NASDAQ: ODP), hat einen neuen mehrjährigen Möbelvertrag mit dem Region 4 Education Service Center (ESC) gesichert, der potenzielle jährliche Einnahmen von bis zu 500 Millionen US-Dollar generieren könnte. Durch OMNIA Partners ermöglicht der Vertrag dem Team von Workspace Interiors von ODP, Möbel, Installationen und verwandte Dienstleistungen für K-12 Schulen, Hochschulen und lokale Regierungen in den Vereinigten Staaten bereitzustellen.

Der Vertrag bietet den Mitgliedern von OMNIA Partners Zugang zu Produkten für verschiedene Umgebungen, darunter Pausenräume, Klassenzimmer, Büros, Bibliotheken und Cafeterias. Der Region 4 ESC bedient 48 öffentliche Schulbezirke und 43 öffentliche Charter-Schulen, die zusammen über 1,2 Millionen Schüler und 111.000 Pädagogen vertreten. Dies ist die fünfte Vertragsvergabe von ODP Business Solutions und zeigt ihr Engagement, Organisationen des öffentlichen Sektors zu unterstützen.

Positive
  • New contract potential of up to $500M in annual revenue
  • Expansion into education and public sector markets
  • Fifth contract award with Region 4 ESC, showing strong relationship
  • Access to large market of 1.2M students and 111K educators
Negative
  • None.

Insights

This landmark contract represents a significant strategic win for ODP Business Solutions, potentially adding up to $500M in annual recurring revenue - a substantial opportunity considering ODP's current market cap of $659M. The multi-year nature of the agreement provides valuable revenue visibility and stability.

The contract's structure offers three key strategic advantages:

  • Market Expansion: Direct access to Region 4's network of 48 public school districts and 43 charter schools, serving over 1.2 million students
  • Competitive Moat: The contract's compliant cooperative purchasing structure creates barriers to entry, as competing vendors would need to undergo similar competitive solicitation processes
  • Cross-selling Opportunities: Relationships built through furniture sales could lead to additional business in ODP's other product categories

The fact that ODP has secured five contracts in recent years demonstrates strong execution in the public sector vertical. This latest win significantly strengthens their position in the education market, a sector with traditionally stable spending patterns and long-term relationships. The contract's comprehensive scope - covering everything from classrooms to administrative offices - suggests potential for deep market penetration and sustained growth.

The timing is particularly strategic as educational institutions continue to modernize their facilities and adapt to evolving learning environments. This positions ODP to capture a larger share of educational furniture spending while building long-term relationships with key institutional buyers.

New Contract unlocks potential growth opportunities and provides discounts on quality furniture and furnishing solutions from hundreds of manufacturers through purchasing cooperative

BOCA RATON, Fla.--(BUSINESS WIRE)-- ODP Business Solutions, a leading supplier of workplace solutions and services and a division of The ODP Corporation (NASDAQ: ODP), announced participation in a new award for a multi-year furniture contract with Region 4 Education Service Center (ESC) that brings the potential of up to $500M in total annual revenue. The contract enables the ODP Business Solutions Workspace Interiors team to offer a compliant cooperative purchasing solution through OMNIA Partners, providing furniture, installation, and related services to K-12 schools, higher education institutions, and cities and counties across the United States.

Region 4 ESC, member of and lead agency for OMNIA Partners, serves as a premier purchasing organization for state and local government, K-12 education, colleges and universities. Region 4 ESC assists school districts in improving student performance, provides efficient fiscal management and builds collaborative relationships and partnerships.

“At ODP Business Solutions we understand that the right learning and working environment can boost productivity and inspire students, educators and administrators,” said David Centrella, executive vice president of The ODP Corporation and president of ODP Business Solutions. “Our Workspace Interiors team is dedicated to delivering innovative and flexible solutions that meet the evolving needs of modern spaces. We look forward to providing these cost-effective products and services through our continued partnership with Region 4 ESC.”

The new contract grants OMNIA Partners members access to a comprehensive range of products designed for diverse environments, including breakrooms, classrooms, administrative offices, libraries, cafeterias, lobbies and more. This competitively solicited, publicly awarded Region 4 cooperative contract ensures compliance with procurement standards, allowing public sector agencies to streamline their purchasing process and save money with discounted offerings.

"Part of our mission is to equip school districts with the services and products they need to operate more efficiently and economically,” said Jorgannie Carter, chief of finance and business services at Region 4 Education Service Center. “Our contract with ODP Business Solutions will allow us to optimize our resources and continue providing schools and professionals with high-quality, affordable products."

Region 4 serves a seven-county area composed of 48 public school districts and 43 public charter schools, representing more than 1.2 million students and more than 111,000 professional educators.

In recent years, ODP Business Solutions has been awarded five contracts, showing the company’s commitment to supporting public sector organizations with innovative, tailored and cost-effective solutions. To learn more about ODP Business Solutions, visit www.odpbusiness.com.

About ODP Business Solutions:

ODP Business Solutions is a trusted partner with more than 30 years of experience working with businesses to adapt to the ever-changing world of work. From technology transformation, sustainability, innovative workspace design, cleaning and breakroom, and everything in between, ODP Business Solutions has the integrated products and services businesses need. Powered by a collaborative team of experienced business consultants, world-class logistics, and trusted brand names, ODP Business Solutions advances how the working world gets work done. For more information on ODP Business Solutions, visit www.odpbusiness.com.

ODP Business Solutions is a division of The ODP Corporation (NASDAQ: ODP). ODP and ODP Business Solutions are trademarks of ODP Business Solutions, LLC. Any other product or company names mentioned herein are the trademarks of their respective owners.

FORWARD LOOKING STATEMENTS – THE ODP CORPORATION

This communication may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements or disclosures may discuss goals, intentions and expectations as to future trends, plans, events, results of operations, cash flow or financial condition, or state other information relating to, among other things, The ODP Corporation (“the Company”), based on current beliefs and assumptions made by, and information currently available to, management. Forward-looking statements generally will be accompanied by words such as “anticipate,” “believe,” “plan,” “could,” “estimate,” “expect,” “forecast,” “guidance,” “expectations”, “outlook,” “intend,” “may,” “possible,” “potential,” “predict,” “project,” “propose” “aim” or other similar words, phrases or expressions, or other variations of such words. These forward-looking statements are subject to various risks and uncertainties, many of which are outside of the Company’s control. There can be no assurances that the Company will realize these expectations or that these beliefs will prove correct, and therefore investors and stakeholders should not place undue reliance on such statements. Investors and shareholders should carefully consider the foregoing factors and the other risks and uncertainties described in the Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K filed with the U.S. Securities and Exchange Commission. The Company does not assume any obligation to update or revise any forward-looking statements.

Press Contact:

Katee Schalau

6600 North Military Trail

Boca Raton, FL 33496

mediarelations@odpbusiness.com

Source: ODP Business Solutions

FAQ

What is the potential annual revenue from ODP's new Region 4 ESC contract?

The new contract with Region 4 Education Service Center has the potential to generate up to $500M in total annual revenue for ODP Business Solutions.

How many educational institutions does the ODP Region 4 ESC contract serve?

The contract serves 48 public school districts and 43 public charter schools, representing more than 1.2 million students and 111,000 professional educators.

What types of facilities will ODP's furniture solutions cover under the Region 4 contract?

The contract covers furniture solutions for breakrooms, classrooms, administrative offices, libraries, cafeterias, lobbies, and other educational and administrative spaces.

How many contracts has ODP Business Solutions been awarded by Region 4 ESC?

ODP Business Solutions has been awarded five contracts in recent years, including this new furniture contract.

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