Mesirow Financial has acted as the exclusive financial advisor to Mac Papers on its sale to Monomoy Capital Partners (“Monomoy”), 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, FL, USA. Led today by their sons David, Sutton and Mac McGehee, the business has 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 an envelope converting facility in Jacksonville,  which sells envelopes through Mac Papers and directly to third parties. The company distributes products from 19 branches located throughout the Southeast US and through a sales force of over 200 dedicated team members focused on excellent  product quality and customer service.

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,” says 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, comments 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.