Imperial Dade’s Latest Merger is With BradyPLUS |
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Contributed by BSM Staff | |
LAS VEGAS & JERSEY CITY, N.J. -- Two providers of janitorial and sanitation products and solutions, BradyPLUS and Imperial Dade, are making plans to merge. Terms of the merger were not disclosed, but it brings together two organizations that deliver customer value and a common culture rooted in the legacy of family-owned businesses. The combined organization will be able to serve more customers with a broader portfolio of products and services. "This transformational partnership will expand our geographic reach and significantly enhance our ability to serve our customers," said Ken Sweder, chairman and CEO of BradyPLUS. “Imperial Dade is a fantastic business with a talented team and leadership that shares our core values. We are both passionate about delivering the best for our customers. Together, we’ll be more agile, more connected to customer needs, and better equipped to provide solutions to more customers across North America.” Jason Tillis, CEO of Imperial Dade, said, "This is an exciting step for both organizations. We’re combining two like-minded teams who put the customer first and share a commitment to building something special for the long term. I’m confident this partnership will create new opportunities for our people, our customers, and our suppliers.” They said benefits of the combined organization include the following:
All existing capital partners will remain invested in the combined company and have representation on the board of directors. The merger is expected to close in the coming months, subject to regulatory approval and customary closing conditions. Until then, the two companies will continue to operate independently. Founded in 1935, Imperial Dade has more than 125 strategically located facilities and a workforce of over 7,500 employees; it has built a business with national reach and localized service. Since 2007, under the leadership of Chairman Robert Tillis and CEO Jason Tillis with Bain Capital, For more information, visit www.imperialdade.com. BradyPLUS has 6,000 associates who deliver innovative solutions for the business challenges of today and tomorrow. For more information, go to www.BradyPLUS.com. |
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