The Rochelle Park-based DAK Group, an investment bank that specializes in guiding middle-market companies, recently announced that TED Supply of Elizabeth has been acquired by Las Vegas-based BradyPLUS, a portfolio company of Warburg Pincus and Kelso & Co.
The DAK Group served as exclusive financial adviser to TED Supply.
“BradyPlus is the perfect partner for TED Supply — their products, services and culture are a natural fit. This transaction will expand TED Supply’s resources and infrastructure, accelerating their vision of nationwide distribution,” Ari Fuchs, managing director of the DAK Group, who led the sale process alongside Steve Oatway, principal, said. “We are delighted to have represented TED Supply in this transaction. We are seeing tremendous demand for (janitorial and sanitation) and foodservice distributors from both strategic and sponsor acquirers. We look forward to seeing TED Supply’s continued growth and momentum with BradyPLUS’ partnership.”
TED Supply is a single-source distributor of “JanSan” supplies, foodservice and a wide range of other products for not-for-profit, health care, real estate, and property management clients in the New York metropolitan area. Well known for offering personalized support — from customer service to sourcing and delivery — TED Supply is a trusted provider and partner to its longstanding customer base.
“The best decision I made was bringing in the DAK Group. DAK provided excellent advice
and counsel throughout the process. Not only did they manage the entire transaction process, allowing me to run my business, but they negotiated terms and an overall offer that significantly exceeded my expectations,” Joel Dreifus, founder of TED Supply, said.
