Imperial Dade, recently backed by Advent, to acquire Veritiv Canada

Based in Toronto, Veritiv Canada is a provider of janitorial and hygiene products, print and food service packaging solutions.

  • The Vertiv Canada deal represents the 47th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and president, respectively
  • Advent earlier this year acquired a stake in the company Dade from Bain Capital Private Equity

Imperial Dade, which is backed by Advent International, has agreed to acquire Veritiv Canada, a Toronto-based provider of janitorial and hygiene products, print and food service packaging solutions. Vertiv has 12 locations across Canada.

No financial terms were disclosed.

Headquartered in Jersey City, New Jersey, Imperial Dade is a distributor of foodservice packaging and janitorial supplies. Founded in 1935, it serves more than 75,000 customers across North America.

The Vertiv Canada deal represents the 47th acquisition for Imperial Dade under the leadership of Robert and Jason Tillis, CEO and president, respectively.

On the deal, Tillis said in a statement, “We are extremely excited to be entering the Canadian marketplace with such a reputable organization. We look forward to partnering with the Veritiv Canada team and continuing to provide customers with a world-class value proposition and service offering under the Imperial Dade banner. This acquisition is an exciting next step in our ability to serve customers across all of North America.”

Advent, a US private equity firm, earlier this year acquired a stake in Imperial Dade from Bain Capital Private Equity.