Howell-based Mat-Pac, a North American leader in foodservice and janitorial/sanitation (known as JanSan), was acquired by AmerCareRoyal, it was announced this week.
The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, led the sale of Mat-Pac to ACR, which is backed by HCI Equity Partners.
Mat-Pac, founded in 1988, provides paper, plastic, aluminum and sustainable packaging solutions. It is well known for its high level of customer service and commitment to quality products, as evidenced by long standing relationships it has maintained with customers across the United States.
Founder and CEO Manny Jimenez, CEO was thrilled by the sale — and thanked DAK for its assistance.
“I know my business inside and out, but when it came to planning my next step, I knew I needed help from someone I could trust,” he said. “The DAK team was invaluable in identifying potential partners and collaborating with me throughout the process. They did the heavy lifting, so I could continue to grow the business, they were there the whole time, and I am thrilled with the outcome”
DAK Group Managing Director Michael Richmond was equally thrilled.
“With this transaction Mat-Pac’s owners have been able to monetize the exceptional business that they have built, while simultaneously maintaining an ownership stake and being able to reach a broader audience,” he said.
