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.” “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 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 is excited to collaborate with the Mac Papers team to drive long-term value for the Company’s customers, suppliers and employees." "Mac Papers is a proven, highly-regarded supplier to a diverse customer base, a true partner with its suppliers and is well-positioned for continued success in the future. "We would like to congratulate and thank the McGehee family for building a premier, market-leading business in paper and packaging distribution headquartered in Jacksonville," said Stephen Presser, a Monomoy Co-Founder and Partner and, coincidentally, a Jacksonville native.
The Company distributes products from 19 branches located throughout the Southeast and through a sales force of over 200 dedicated team members focused on unmatched product quality and customer service. Mac Papers also operates a state-of-the-art envelope converting facility in Jacksonville, Florida, that sells envelopes through Mac Papers and directly to third parties. In addition to fine paper, Mac Papers now distributes packaging materials and equipment, wide format products, facility supplies and office products. Led today by their sons David, Sutton and Mac McGehee, the business has significantly expanded over its 55-year history and now generates over $600 million in annual sales. Mac Papers was founded by Frank and Tom McGehee in 1965 as a fine paper distributor in Jacksonville, Florida. Terms of the transaction were not disclosed. (collectively “Mac Papers”), the leading regional distributor of paper, packaging, wide format and envelope products in the Southeastern United States. Mac Papers has a distribution network of 22 locations and 18 retail stores in the Southeast.Monomoy Capital Partners, a private investment firm with $1.6 billion in committed capital that invests in the debt and equity of middle market businesses, announced today that it has acquired Mac Papers, Inc., Mac Paper Converters, Inc. The Tennessee developments will have no impact on the Jacksonville headquarters off Philips Highway in Jacksonville where more than 300 are employed. Packing Professionals workers will be integrated into the Mac Papers company and packaging operations in Nashville. "Our continued momentum in the Nashville area is the result of our long-term commitment to this market and our passion to be the leading distribution partner that Nashville businesses know, trust and value," said Sutton McGehee, CEO of Mac Papers. where the company announced earlier this year a planned 120,653-square-foot distribution and retail facility being constructed in the area known as Antioch outside Nashville. The development comes on top of an expansion of Mac Papers' presence in Nashville, Tenn. Mac Papers officials did not provide the cost of the acquisition. The company acquired by Mac is a distributor of protective packaging materials and equipment, a Mac news release said Monday.
Mac Papers officials announced they have completed an acquisition of "substantially all the assets" of a company known as Packaging Professionals Inc. Jacksonville-based Mac Papers is expanding its presence in Tennessee again.
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