Mesirow Financial Advises Mac Papers on its Sale to Monomoy Capital Partners

Mesirow Financial acted as the exclusive financial advisor to Mac Papers, Inc., Mac Paper Converters, Inc. and All Square Digital Solutions, Inc. on its sale to Monomoy Capital Partners, a private investment firm with $1.6 billion in committed capital that invests in the debt and equity of middle market businesses.

Mac Papers was founded by Frank and Tom McGehee in 1965 as a fine paper distributor in Jacksonville, Florida. Led today by their sons David, Sutton and Mac McGehee, the business has significantly expanded over its 55-year history and now generates over $600 million in annual sales. In addition to fine paper, Mac Papers now distributes packaging materials and equipment, wide format products and equipment, facility supplies and office products. Mac Papers also operates a state-of-the-art envelope converting facility in Jacksonville, Florida, that sells envelopes through Mac Papers and directly to third parties. The Company distributes products from 19 branches located throughout the Southeast U.S. and through a sales force of over 200 dedicated team members focused on unmatched product quality and customer service. With a well-regarded reputation in the industry, Mac Papers will join Monomoy as its platform investment in the paper and packaging distribution sector. Upon the closing of the transaction, the Company’s current Chief Operating Officer, Rick Mitchell, will assume the role of President and Chief Operating Officer, and Greg Gay will continue his role as the Company’s Chief Financial Officer. Monomoy plans to invest significant capital into the Company to facilitate and accelerate its continued growth.

“We are pleased to have completed this transaction with Monomoy and to have worked with Mesirow Financial. Mesirow’s team prepared and guided our family and management team, provided excellent counsel and support and delivered a successful outcome,” said Sutton McGehee, President of Mac Papers. “Their extensive knowledge of the paper, packaging and distribution sectors proved instrumental in finding new ownership that promises to uphold the Company’s core values of uncompromising integrity, strong relationships and efficient innovation.”

Rick Weil, managing director of Mesirow Financial’s Investment Banking group, commented on the transaction, “We were thrilled to advise Mac Papers during this process. We believe that Monomoy is an ideal partner to support Mac Papers’ growth objectives and will enable the Company to continue providing exceptional solutions and services to its customers.”

This transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group and highlights the firm’s expertise within the paper, packaging and distribution sectors. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s team has a proven track record of completing highly tailored and successful transactions on behalf of their clients.

Source: Mesirow Financial