BradyPLUS, a Las Vegas-based provider of janitorial and sanitation services, foodservice, and industrial packaging products and solutions, and Imperial Dade, a Jersey City distributor of foodservice, janitorial and sanitation services, and industrial packaging products and solutions, jointly announced that the companies plan to merge. Terms of the tie-up were not disclosed.
The merger brings together two family-owned businesses from two different parts of the country looking to serve more customers with an expanded portfolio of products and services.
“This is an exciting step for both organizations,” said Jason Tillis, chief executive officer of Imperial Dade. “We’re combining two like-minded teams who put the customer first and share a commitment to building something special for the long term. I’m confident this partnership will create new opportunities for our people, our customers, and our suppliers.”
Founded in 1935, Imperial Dade is a distributor of foodservice, janitorial and sanitation services, and industrial packaging products and solutions in North America. The company has more than 125 facilities and a workforce of over 7,500 employees. Since 2007, under the leadership of Chairman Robert Tillis and CEO Jason Tillis, Imperial Dade has grown organically and through strategic acquisitions.
BradyPLUS is a distributor and solution provider focused on janitorial and sanitation services, foodservice, and industrial packaging with 6,000 associates.
“This transformational partnership will expand our geographic reach and significantly enhance our ability to serve our customers,” said Ken Sweder, chairman and chief executive officer of BradyPLUS. “Imperial Dade is a fantastic business with a talented team and leadership that shares our core values. We are both passionate about delivering the best for our customers. Together, we’ll be more agile, more connected to customer needs, and better equipped to provide solutions to more customers across North America.”
Bain Capital Private Equity, LP, Kelso & Company, L.P., Advent International, Warburg Pincus LLC, Fomento Económico Mexicano, S.A.B. de C.V. (FEMSA), the Tillis Family, and management are among the capital partners involved in the merger. All existing capital partners will remain invested in the combined company and have representation on the board of directors. The merger is expected to close in the coming months, subject to regulatory approval and customary closing conditions. Until then, the two companies will continue to operate independently.
Goldman Sachs, Jefferies, and Kirkland & Ellis served as advisers to Imperial Dade. Harris Williams and Debevoise advised BradyPLUS.
