Mac Papers sells its businesses to Monomoy Capital Partners
By PrintAction Staff
By PrintAction Staff
Mac Papers, said to be one of the largest merchant distributors in the southeastern United States, has sold its businesses to private investment firm Monomoy Capital Partners.
The financial terms of the deal have not been disclosed.
The sale includes Mac Papers Inc., Mac Paper Converters Inc., and All Square Digital Solutions Inc. (collectively “Mac Papers”).
Mac Papers is headquartered in Jacksonville, Fla. The company is an industrial distributor of paper and print solutions, packaging materials and equipment, facility supplies, and office products.
“We have felt privileged to lead the business our fathers Frank and Tom started 55 years ago, and we are confident that it will continue to grow and enjoy a very bright future under Monomoy’s ownership,” said Mac Papers president Sutton McGehee. “Monomoy’s focus on excellent customer service and trusted relationships with customers and supply partners aligns perfectly with the deep-seated culture at Mac Papers. We know Monomoy is fortunate to have the best people in the business as their employees at Mac Papers and we look forward to what the future holds for them as they partner with Monomoy to build upon Mac Papers’ legacy and realize the significant growth opportunities for this business.”
Rick Mitchell, the company’s current Chief Operating Officer, assumes the role of President and Chief Operating Officer of Mac Papers. The rest of Mac Papers’ current management team, including Chief Financial Officer Greg Gay, Executive Vice President of Paper Craig Boortz, Vice President of Packaging Chris McCabe, Vice President and Regional Manager Carter Whiddon, Vice President of Purchasing Steve Collins, and Vice President of Mac National Jeff Harris will continue in their roles under Monomoy ownership. Scott Sipkovsky will continue to lead the MPEC operation and Ash Weekley will continue as the business development lead for the company’s wide format business.
“The entire Mac Papers team looks forward to working with Monomoy,” Mitchell said. “Their extensive resources and capabilities will allow us to advance the company’s many strategic and operational initiatives. We are excited to begin the next phase in our evolution as a company and to continue growing with our market-leading customer base and best-in-class suppliers.”
Founded in 2005, Monomoy has invested in over 50 middle market businesses in the manufacturing, industrial, distribution, and consumer products sectors.