When it comes to mergers and acquisitions, Glenview, Illinois-based JanSan distributor Envoy Solutions is apparently picking up where it left off in 2022.
On Jan. 23, the company announced it had acquired Santa Fe Springs, California-based Royal Paper Corp., a national distributor of paper, plastics, cleaning and safety consumables, as well as equipment in janitorial, sanitary and foodservice applications. Financial details were not disclosed.
Royal marks the second acquisition for Envoy Solutions this month. On Jan. 9, the company acquired Flowood, Mississippi-based Delta Packaging & Supply. Envoy Solutions, listed among MDM’s Top Jan/San Distributors lat year, announced 16 acquisitions in 2022.
MDM’s M&A Virtual Summit, to be held Feb. 21-22, has something to offer for any distributor on the dealmaking spectrum. We’ll cover the current state of M&A; how to maximize valuation; integration do’s and don’ts; ESOPs; the culture side of the M&A process; and more. Get details and register here.
“This new partnership represents a tremendous growth opportunity for Envoy Solutions and Royal,” Envoy CEO Mark M. Fisher said about the latest acquisition. “Michael Rashtchi, George Abiaad, Marianne Abiaad, and their fantastic team have built a truly unique and successful business in our industry. We are excited about Royal becoming part of the Envoy Solutions family and about working with George and Marianne to help Royal achieve new heights and continue to deliver for its long-term customers and supplier partners. With the addition of Royal, we continue redefining distribution through our national platform of specialized products and services to bring innovative solutions closer to our clients wherever they operate.”
Royal operates five distribution facilities across the country and serves more than 400 customers and 3,400 customer locations in the U.S. and internationally.
“As a part of the Envoy Solutions family, the Royal team will continue to execute for all of our customers as we have before, and we believe that with Envoy Solutions acumen and resources, we will be able to expand our offerings and resources to achieve a higher level of service and enhance our current longstanding partnerships,” said George Abiaad, President of Royal Paper Corp. “Envoy Solutions is leading the way with a distribution model that brings together the talents and resources of so many great companies, and we are delighted to be a part of that. For us, this new partnership means building on the growth we’ve had in the past and making our company even stronger in the future.”
See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector.