Advent International to acquire a stake in Imperial Dade from Bain Capital.

Advent International, a private equity firm, agreed to acquire a stake in Imperial Dade, a distributor in North America of foodservice packaging and janitorial supplier, from Bain Capital, a private equity firm. Audax Private Equity continues to be an investor in Imperial Dade. Financial terms were not disclosed. “We are thrilled to partner with Jason and Robert Tillis and the entire Imperial Dade management team, along with Manny Perez de la Mesa, Bain Capital and Audax, to support Imperial Dade’s next chapter of growth. Imperial Dade has developed a truly differentiated value proposition based on its best-in-class service and industry-leading product portfolio. We look forward to continuing to serve the Company’s stakeholders, including its thousands of valued customers, its employees, and the communities in which it operates,” Stephen Hoffmeister, Advent International Managing Director.