BradyPLUS, a provider of janitorial and hygiene (“JanSan”), foodservice, and industrial packaging products and solutions, and Imperial Dade, a leading distributor of foodservice, JanSan, and industrial packaging products and solutions, jointly announce their intention to merge. Terms of the merger were not disclosed.
This merger brings together two organizations that share a passion for delivering exceptional value to their customers and a shared culture rooted in the legacy of family businesses. The combined organization will be able to serve more customers through a broader portfolio of products and services.
This transformative partnership will expand our geographic reach and significantly enhance our ability to serve our customers,” commented Ken Sweder, President and CEO of BradyPLUS. “Imperial Dade is a fantastic company with a talented team and leadership that shares our core values. We are both passionate about delivering the best to our customers. Together, we will be more agile, more responsive to customer needs, and better equipped to deliver solutions to more customers across North America
This is an exciting step for both organizations,” said Jason Tillis, Imperial Dade’s president and CEO. “We are bringing together two like-minded teams who are customer-centric and committed to building something special for the long term. I am confident this partnership will create new opportunities for our employees, customers, and suppliers.
Advantages of the combined organization:
- Greater customer centricity, thanks to an exceptional team of solution-focused sales professionals, best-in-class digital tools and a dedicated team of customer relationship experts,
- Enhanced coverage to provide the best service and support to customers, and
- An expanded product offering for customers.
Bain Capital Private Equity, LP, Kelso & Company, LP, Advent International, Warburg Pincus LLC, Fomento Económico Mexicano, SAB de CV (FEMSA), the Tillis family, and management are among the financial partners involved in the merger. All existing financial partners will retain their equity interests in the combined company and will be represented on the management board. The merger is expected to close in the coming months, subject to regulatory approval and customary closing conditions. Until then, both companies will continue to operate independently.
Goldman Sachs, Jefferies, and Kirkland & Ellis acted as advisors to Imperial Dade. Harris Williams, Debevoise, and Kirkland & Ellis acted as advisors to BradyPLUS.
About Imperial Dade
Founded in 1935, Imperial Dade is a leading distributor of foodservice, janitorial, and industrial packaging products and solutions in North America. With more than 125 strategically located locations and a workforce of over 7,500 employees, Imperial Dade has developed a national business and localized service.
Since 2007, under the leadership of President Robert Tillis and CEO Jason Tillis, Imperial Dade has experienced significant growth through a combination of organic initiatives and strategic acquisitions. For more information, visit www.imperialdade.com .
About BradyPLUS
BradyPLUS is a leading distributor and solutions provider specializing in janitorial, foodservice, and industrial packaging products. Our goal is to help our customers be more successful and make their businesses more productive and sustainable. We offer premium brand products, expert advice, and an exceptional customer experience. Our 6,000 associates are dedicated to delivering innovative solutions to address the business challenges of today and tomorrow. For more information, visit www.BradyPLUS.com .
