Bluestem Owner Acquires Orchard Brands

The parent company of Bluestem Brands, which operates in St. Cloud, is expected to acquire a similar business called Orchard Brands Corp.

Orchard announced Wednesday that it has a definitive agreement to be acquired by Capmark Financial Group Inc. for $410 million in cash.

Capmark is a holding company whose businesses include Bluestem, an online general merchandise retailer targeting low- to middle-income consumers nationwide. Bluestem operates Fingerhut, Gettington.com and PayCheck Direct brands. Capmark is headquartered in Eden Prairie.