About the Transaction
Hill & Markes, Inc. (“Hill & Markes”) (www.hillnmarkes.com) is a leading distributor of Janitorial/Sanitation (“JanSan”) Supplies, Foodservice Disposables, Industrial Packaging, and Ice Cream Consumables. For more than 110 years, the Amsterdam, NY based Hill & Markes has distinguished itself as a leading regional distributor in the Northeastern United States. Owned by the Packer and Finkle families since 1947, Hill & Markes services customers in a variety of end markets including Education, Healthcare, Hospitality, Restaurants, Facility Maintenance, and Building Service Contracting, to name a few.
The buyer, BradyIFS (“Brady”) (bradyindustries.com) is a leading distributor of Foodservice Disposables and JanSan products. Formed through the merger of Brady Industries and Individual Foodservice (“IFS”) in December 2020, in partnership with Kelso & Company, BradyIFS is the largest independent janitorial supply and foodservice distributor in the Western United States. BradyIFS collectively services more than 25,000 customers from nearly 40 distribution points around the United States. Hill & Markes is the 11th add-on deal since Brady and Individual FoodService merged and the acquisition creates the foundation for BradyIFS’s expansion into the Northeastern United States.
Paramax served as the exclusive M&A advisor to Hill & Markes on this transaction. The Hill & Markes transaction represents Paramax’s 19th sale of a specialty distributor and Paramax’s 7th sale of a distributor in the JanSan / Food Service distribution space in the past three years. Paramax has extensive experience advising Specialty Distribution companies in a variety of industries with a track record of highly successful outcomes at premium valuations. Paramax Corporation is a FINRA-registered investment banking firm focused on M&A transaction advisory services.