March 12, 2020

Mac Papers Announces the Sale of its Businesses to Monomoy Capital Partners

Sale Includes Mac Papers, Mac Papers Envelope Converters and All Square Digital Solutions 

JACKSONVILLE, Fla. (March 12, 2020) – Mac Papers, one of the largest merchant distributors in the southeastern United States, announced today the sale of its businesses to Monomoy Capital Partners, a private investment with $1.6 billion in committed capital that invests in the debt and equity of middle market businesses. The sale includes Mac Papers, Inc., Mac Paper Converters, Inc. and All Square Digital Solutions, Inc. (collectively “Mac Papers”). Terms of the transaction were not disclosed.

“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,” stated Mitchell. “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 Capital Partners has invested in over 50 middle market businesses in the manufacturing, industrial, distribution and consumer products sectors.

“We would like to congratulate and thank the McGehee family for building a premier, market-leading business in paper and packaging distribution,” said Monomoy Co-founder and Partner Stephen Presser. “Mac Papers is a proven, highly-regarded supplier to its diverse customer base, a true partner with its suppliers and is well-positioned for continued success in the future. Monomoy is excited to work with the Mac Papers management team and to collaborate with the company to drive long-term value for all of its customers, suppliers and employees.” 

About Mac Papers

One of the largest wholesale distributors in the southeastern United States, Mac Papers is a trusted distribution partner for paper and print, packaging materials and equipment, wide format products and equipment, facility supplies and office products. The company is headquartered in Jacksonville, Florida, and operates branch locations and retail stores throughout the Southeastern United States. Mac Papers Envelope Converters converts and prints an extensive range of standard and custom envelopes – up to 18 million per day – utilizing the latest in equipment and technology. Prior to its acquisition by Monomoy, Mac Papers was a third generation, family-owned and operated business founded in 1965. To learn more about Mac Papers, please visit macpapers.com.

About Monomoy Capital Partners

Monomoy Capital Partners is a private equity firm with $1.6 billion in committed capital that invests in middle-market businesses in the manufacturing, industrial, distribution and consumer products sectors. The firm invests in the both the equity and debt of middle-market businesses that can benefit from operational and financial improvement.  Monomoy designs and executes a customized value creation plan for each acquisition that seeks to generate significant cash flow and improve earnings within 12 to 18 months of an investment. Over the past 15 years, Monomoy has closed over 50 middle-market acquisitions. To learn more about Monomoy and its portfolio companies, please visit www.mcpfunds.com.

Media Contacts

Mac Papers
Caryn King
Caryn.King@macpapers.com
904.263.5628

Monomoy
Erica Bartsch
Sloane & Company
ebartsch@sloanepr.com
212.486.9500