Harris Williams & Co. Advises Dade Paper & Bag Co. on its Transaction with Imperial Bag & Paper

June 12, 2017

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces that it advised Dade Paper & Bag Co. (Dade) on its combination with Imperial Bag & Paper (Imperial). Harris Williams & Co. served as the exclusive advisor to Dade. The transaction was led by Bob Baltimore, Derek Lewis and Graham Gillam of Harris Williams & Co.’s Specialty Distribution Group.  

“Dade has done a tremendous job establishing itself as a leader in the foodservice disposables and janitorial supplies industry, offering best-in-class distribution capabilities and unrivalled customer service. The combination with Imperial is exciting and will greatly expand the company’s product offering and footprint,” said Bob Baltimore, a managing director at Harris Williams & Co. “We look forward to watching the combined company’s continued success.” 

“It has been a privilege to work with Frank Sansone and the entire Dade team,” added Graham Gillam, a vice president at Harris Williams & Co. “Dade and Imperial have long track records of success and the combined business will reach total revenues of over $1 billion. The ability to share best practices and work together to grow organically and via acquisitions will propel the combined company to even greater successes in the future.”

Founded in 1939, Dade is a leading distributor of foodservice disposables and janitorial supplies serving customers across more than 20 states with an emphasis on supermarkets, foodservice providers, cruise lines and schools. Dade primarily serves the Southeast and Mid-Atlantic markets reaching from Florida to Maryland with additional locations in the Tri-State and Northeast regions.

Imperial, headquartered in Jersey City, New Jersey, is one of the nation’s leading distributors of disposable foodservice and janitorial supplies for supermarkets, schools, “grab-n-go” convenience stores and retailers. Imperial was formed in 1935 and was purchased by the current CEO Robert Tillis and President Jason Tillis, in 2007. Under their leadership, the company has grown both organically and through acquisitions to become a leader in the industry. Imperial’s acquisition of Dade expands its footprint into the Southeastern U.S. and enables the business to offer more products, greater resources and enhanced service to both businesses’ customers.

Harris Williams & Co. (www.harriswilliams.com), a subsidiary of the PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Specialty Distribution Group has experience across a variety of sectors, including branch-based distributors; specialty catalog and direct marketing; consumer; industrial, MRO and safety; automotive and heavy duty aftermarket; building and construction products; healthcare; technology; electrical and communications; and alcohol, tobacco and firearms. For more information on the firm’s Specialty Distribution Group, visit the Specialty Distribution Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 7078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.