News

Private Equity Firm Acquires Significant Stake in Imperial Dade

Global private equity firm Advent International has signed a definitive agreement to acquire a significant stake in Imperial Dade from Bain Capital Private Equity.

Bain Capital initially invested in Imperial Dade in 2019. Per the terms of the agreement, Advent and Bain Capital will have joint governance of Imperial Dade’s board of directors. Financial terms of the private transaction were not disclosed. Imperial Dade will continue under the leadership of Robert Tillis and Jason Tillis, chairman and CEO respectively, who remain significant investors in the business alongside their current management team.

 “We appreciate the support and partnership Bain Capital has provided as we have expanded our business and customer mix tremendously, and we look forward to working with Advent as we continue to expand our platform,” said Robert Tillis.

About Imperial Dade
Founded in 1935, Jersey City, New Jersey-based Imperial Dade distributes a wide variety of paper, packaging, and janitorial products to clients nationwide. For more information, visit www.ImperialDade.com.