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New Deal


Announced

Completed

Kelso-backed BradyIFS completed the merger with FEMSA-backed Envoy Solutions in a $1.7bn deal.

Financials

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Transaction Value£1,349m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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facility supplies

Industrial Distribution

United States

packaging solutions

Acquisition

Domestic

Majority

Merger

Private

Private Equity

Friendly

Single Bidder

Completed

Synopsis

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Kelso-backed BradyIFS, a foodservice disposables ditributor, completed the merger with FEMSA-backed Envoy Solutions, a JanSan, foodservice, packaging, and marketing services provider, in a $1.7bn deal. "This transformational partnership will enable us to expand our market reach and further improve our collective capabilities. Envoy Solutions is an impressive business that is highly complementary to BradyIFS. As important, it has great leadership. Mark Fisher and his team are first-class, and we are fortunate to partner with their incredible team of associates. Our two companies are like-minded as we share similar values, culture, and a passion for delivering the best to our customers," Kenneth D. Sweder, BradyIFS Chairman and CEO.

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