Mesirow Advises Monomoy Capital Partners, Mac Papers on DPS Acquisition
Mesirow, an independent, employee-owned financial services firm, announced it acted as the exclusive financial advisor to Monomoy Capital Partners (“Monomoy”) and its portfolio company Mac Papers and Packaging (“Mac Papers” or the “Company”) on Mac Papers’ acquisition of Dependable Packaging Solutions (“DPS”), a Miami, FL based distributor of corrugated products, point of purchase displays and packaging products for the e-commerce, agricultural, floral and general retail markets.
Mac Papers is the leading value-added paper and packaging distributor of the Southeast US. Founded in 1965, the Company operates distribution centers and retail stores throughout the Southeast and serves as a trusted distribution partner for paper and print, packaging materials and equipment, wide format products and equipment, facility supplies and office products. The acquisition of DPS will enhance Mac Papers’ existing portfolio of products and supply chain logistics while enhancing operational capacity and efficiency. DPS and the Company will continue to operate independently while integration plans are implemented to effectively utilize the strengths of both organizations.
“The deep industry knowledge and expert guidance provided by Mesirow during this process proved instrumental in executing this successful outcome for the Company,” said Matt Farrell, a Monomoy Vice President. “Mac Papers’ partnership with DPS will accelerate the growth of both businesses and greatly benefit the Company’s customers, suppliers, and employees.”
Rick Weil, Managing Director of Mesirow Investment Banking, said, “We are pleased to have represented Monomoy and Mac Papers throughout this transaction. We believe this acquisition will bolster Mac Papers’ presence in the packaging distribution industry and enable both organizations to deliver even greater value to the market.”
The acquisition of DPS by Mac Papers represents another successful assignment completed by Mesirow Investment Banking. Mesirow is one of the most active advisors in the paper, plastics and packaging sectors, having completed more than 150 transactions over the past 20 years. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of Packaging Impressions.