Envoy Solutions — the Glenview, Illinois-based holding company that owns and operates North American, WAXIE Sanitary Supply, SWPlus and Southeastern Paper Group — on Tuesday announced the acquisition of Daycon Products Co., Upper Marlboro, Maryland. Financial terms of the deal weren’t disclosed.
Daycon is a 79-year-old, family-owned distributor of facility supplies, training services and sustainable solutions that serves thousands of customers in the region. Howard Cohen has served as CEO for more than 15 years.
Envoy Solutions, which rebranded from NW Synergy (NWS) earlier this year, said the acquisition is “the result of Envoy Solutions’ ambitious approach to build a growing portfolio of like-minded and valued companies across the United States. The move further supports Envoy Solutions’ focus on making buildings cleaner and more sustainable, people safer, and operations more productive, every day.”
With Daycon in its portfolio, Envoy now has 2,000 associates, operates a network of 40 distribution centers and supports 43,000 customers nationwide.
“This new partnership with Daycon furthers the organization’s ability to combine scale with a high-touch customer-centric approach,” said Mark Fisher, CEO, Envoy Solutions. “Adding Daycon to our complementary businesses with similar cultures and product portfolios ultimately improves our ability to better serve our customers and supplier partners, while providing more opportunity for our associates. We can continue to combine the expertise of local sales teams with a wide portfolio of products and deeper category knowledge to solve the industry’s toughest challenges.”
Added Cohen: “When we looked at the competitive landscape, our goal was to partner with a culturally aligned company that focuses on building long term relationships. The Envoy Solutions team clearly recognizes the value we bring. They will help us become a much stronger company in the eastern region, and accelerate the expansion of our value-added services, such as our OnSite Facilities and Properties platforms, on a national basis. In addition, the partnership with Envoy Solutions will provide our exceptional team more growth opportunities. We are excited for the future together.”