Harris Williams Advises American Paper & Twine on Its Sale to Imperial Dade

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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