Audax’s Imperial Dade Keeps Growing

Imperial Dade has acquired the assets of Sikes Paper & Chemical Supply, a distributor of sanitary products, equipment, and packaging serving the metropolitan Atlanta and North Georgia market areas.

The buy of Sikes Paper is the fifteenth acquisition for Imperial Dade, a national distributor of disposable food service and janitorial supplies. Imperial was formed in 1935 and was purchased by CEO Robert Tillis and President Jason Tillis in 2007.  In January 2016, Audax made a growth equity investment in the company.

Sikes Paper has nine 26-foot trucks that provide daily delivery service to all of metro Atlanta and much of north Georgia. The company operates from an 81,000 sq. ft. office/distribution facility near Atlanta in Austell, GA (www.sikespaper.com).

Imperial Dade is one of the largest distributors of disposable food service and janitorial supplies in the Northeast, Mid-Atlantic, Southeast, and Midwest regions and Puerto Rico. The company was originally known as Imperial Bag & Paper but change its name shortly after acquiring Miami-based Dade Paper & Bag Co. in June 2017. Imperial Dade has headquarters in Jersey City, NJ and Miami, FL (www.imperialdade.com).

The acquisition of Sikes Paper enhances Imperial Dade’s presence in the Southeast. “We enthusiastically welcome the Sikes team members to Imperial Dade. Their strong reputation and history of excellence make Sikes a great fit with Imperial Dade,” said Robert Tillis. “We look forward to working together to further grow the business.”

Other recent acquisitions by Imperial Dade include the January 2018 buy of Willow Grove, PA-based PCA Industrial & Paper Supplies, a distributor of paper products, janitorial supplies and cleaning equipment serving the Philadelphia metropolitan area; and the November 2017 buy of Racine, WI-based Kranz, a distributor of janitorial and sanitary supplies serving Wisconsin and the Chicagoland area. Earlier add-on acquisitions completed by Imperial Dade include: Borda Products (May 2009), Center Moriches Paper (July 2010), Burke Supply (September 2011), Wasserman Bag (January 2013), Goldman Paper Company (June 2014), Silfen-Berman Paper Company (January 2015), Borax Paper Products (February 2016), Accommodation Mollen (September 2016), Peninsular Paper (May 2017), Dade Paper (June 2017), Jersey Paper (July 2017), and Central Paper (October 2017).

Audax Group makes control investments of $10 million to $100 million in middle market companies with transaction values of $25 million to $500 million. Sectors of interest include industrial manufacturing; energy; outsourced industrial services; consumer products; healthcare devices and services; non-asset based logistics; technology; aerospace & defense; business services; and direct marketing. The firm was founded in 1999 and has offices in Boston, New York and Menlo Park (www.audaxgrouom).

© 2018 Private Equity Professional | February 12, 2018

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