Harris Williams Advises American Paper & Twine on Its Sale to Imperial Dade
December 02 2021 - 3:23PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces it advised American Paper
& Twine on its sale to Imperial Dade, a portfolio company of
Bain Capital. American Paper & Twine is a leading distributor
of janitorial, packaging, disposable food service, safety and
office products. The transaction was led by Bob Baltimore, Graham
Gillam, Robert Devlin and John Chase of the Harris Williams
Specialty Distribution Group.
“American Paper & Twine has clearly established itself as a
leader in the janitorial, industrial packaging, and food service
disposables supplies industry within Tennessee, Arkansas, and the
surrounding areas, offering best-in-class distribution capabilities
and unrivalled customer service. The combination with Imperial Dade
is exciting and will greatly expand the company’s potential for
future growth,” said Bob Baltimore, a managing director at Harris
Williams. “This transaction also builds upon our tremendous track
record in specialty distribution as well as within the food service
and janitorial sector specifically.”
“It has been a privilege to work with President Karen Doochin
Vingelen and the entire team at American Paper & Twine. We are
thrilled to have achieved a great outcome for the company and are
excited to see the next chapter in American Paper & Twine’s
storied history as part of the Imperial Dade family,” said Graham
Gillam, a director at Harris Williams.
American Paper & Twine was founded in 1926 and is a leading
distributor across business sectors that include janitorial,
industrial packaging, disposable food service, safety and office
products. American Paper & Twine has more than 370 employees,
over 100 delivery trucks and operates eight full-service
distribution centers with combined warehouse space of over 625,000
square feet. The facilities are located throughout the Southeast in
Nashville, Tennessee; Chattanooga, Tennessee; Memphis, Tennessee;
Knoxville, Tennessee; Little Rock, Arkansas; Atlanta; Tupelo,
Mississippi; and Muscle Shoals, Alabama.
Founded in 1935, Imperial Dade serves more than 80,000 customers
across the United States and Puerto Rico. Since CEO Robert Tillis
and President Jason Tillis assumed their roles in 2007, the company
has grown both organically and through acquisitions to become a
leader in the food service packaging and janitorial supplies
industry.
Bain Capital is one of the world’s leading private investment
firms with approximately $140 billion of assets under management
that creates lasting impact for its investors, teams, businesses
and the communities in which they live. Since its founding in 1984,
Bain Capital has applied its insight and experience to organically
expand into several asset classes including private equity, credit,
public equity, venture capital and real estate, with offices on
four continents.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across industry groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE:PNC).
Harris Williams’ Specialty Distribution Group has experience
across a variety of sectors, including automotive and heavy duty
aftermarket; building products; consumer; electrical and
communications; foodservice; healthcare; industrial; and
technology. For more information on the firm’s Specialty
Distribution Group, visit the Specialty Distribution Group’s
section of the Harris Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 8th Floor, 20 Farringdon Street, London EC4A 4AB, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
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For media inquiries Julia Moore media@harriswilliams.com
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