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Imperial Dade names longtime finance exec as CFO

Imperial Dade, a fast-growing foodservice packaging and janitorial supply company based in Jersey City, announced Jan. 5 that Scott Crocco will join the company as chief financial officer, effective Jan. 18.

Crocco succeeds Chris Dirx, who resigned for family-related health issues but will stay on to ensure a smooth transition, the company said.

Imperial Dade President Jason Tillis and CEO Robert Tillis - NJBIZ FILE PHOTO — Imperial Dade CEO Jason Tillis (left) and Chairman Robert Tillis. – NJBIZ FILE PHOTO

The new CFO will report to Imperial Dade Chief Executive Officer Jason Tillis and be responsible for the company’s finances, overseeing the areas of accounting, financial planning and analysis, and tax.

“Scott brings with him a customer-centric mindset along with a wealth of experience with world-class distribution businesses, and we are delighted to have someone of his caliber step into the CFO role,” Imperial Dade Chairman Robert Tillis said in a statement.

Crocco brings more than 30 years of finance and corporate leadership experience to the company. Most recently, he was executive vice president and chief financial officer at Air Products and Chemicals Inc., based in Allentown, Pa. According to his LinkedIn profile, Crocco was with that company for more than 31 years.

According to LinkedIn, Crocco earned a bachelor’s degree in electrical engineering from Bucknell University and an MBA from the Cornell Johnson Graduate School of Management.

“Under Robert and Jason’s leadership, Imperial Dade has grown into a national leader, and I look forward to advancing their vision from a financial and strategic planning perspective as Imperial Dade continues to build out its industry-leading platform and delivering a differentiated experience to its customers,” Crocco added.

Under the leadership of Robert and Jason Tillis, who acquired the company in 2007, Imperial Dade has made nearly 60 acquisitions.

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Advent Int’l acquires stake in Imperial Dade; company expands into Canada (updated)

Boston-based Advent International signed a definitive agreement May 2 to acquire a significant stake in food service and janitorial supply company Imperial Dade from Bain Capital Private Equity.

Imperial Dade will continue under the leadership of Chairman Robert Tillis and CEO Jason Tillis. Bain Capital, which first invested in Imperial Dade in 2019, and Advent will have joint board governance.

Financial terms of the private transaction were not disclosed.

“When we invested in Imperial Dade three years ago, we had a shared vision with the Tillis Family that there was an enormous opportunity to build on the strong foundation they had created and to create an industry leader focused on best-in-class customer service,” said Ken Hanau, a managing director and co-head of industrials at Bain Capital Private Equity. “Under their leadership, Imperial Dade has become the preeminent platform in North America that quality, independent operators are proud to join. Now we are excited to continue to support Imperial Dade’s growth journey with our new partners at Advent, with whom Bain Capital has successfully collaborated in the past.”

Audax Private Equity, which invested in Imperial Dade in 2016, also continues to be a significant investor in Imperial Dade.

Financial advisors include Goldman Sachs & Co. LLC and Harris Williams; PwC is serving as accounting advisor and Kirkland & Ellis LLP is serving as legal advisor to Bain Capital and Imperial Dade. Baird is serving as financial advisor To Advent and Weil, Gotshal & Manges LLP is serving as legal advisor.

On the same day, Imperial Dade announced it acquired Veritiv Canada Inc., bringing the company into the Canadian market for the first time. On March 18, Imperial Dade announced it had entered into a definitive agreement to acquire the Canadian company.

Veritiv Canada Inc. now officially operates as Imperial Dade Canada Inc. at its 12 locations throughout the country.

“We are extremely excited to have officially closed this acquisition and enter the Canadian marketplace with such a reputable organization,” said Jason Tillis of the company’s 47th acquisition under his leadership. “We look forward to continuing to provide customers with a world-class value proposition and service offering under the Imperial Dade banner.”

Imperial Dade Canada is a full-service provider of packaging, JanSan and hygiene products, services and solutions. The management team is remaining in place.

Editor’s note: This story was updated at 10:30 a.m. May 4 to correct the relationship of father-and-son team Robert Tillis and Jason Tillis.

Imperial Dade acquires Salt Lake City company

Imperial Dade has acquired janitorial products distributor Hylon Koburn Chemicals Inc. (HyKo) of Salt Lake City.

The transaction, announced Jan. 4, is the 46th acquisition for Imperial Dade under the leadership of Chief Executive Officer Robert and President Jason Tillis.

Financial terms of the private transaction were not disclosed.

“HyKo has an established reputation for a high level of customer service and a storied history within Salt Lake City. Imperial Dade is excited to partner with HyKo in their next stage of growth,” said Robert Tillis.

Hylon Koburn Chemicals has been in business for more than 60 years.

“We are excited about the future … under the leadership of Imperial Dade. Our customers will receive the same outstanding service they have come to expect from us and a significantly expanded product offering,” said Ron Starr, CEO of HyKo.

Imperial Dade’s latest acquisition scales Southeastern presence

Imperial Dade’s latest acquisition – its 44th under the leadership of Robert and Jason Tillis, chief executive officer and president, respectively – will strengthen its presence in the Southeast, according to the Jersey City-based company.

On Dec. 2, Imperial Dade announced the addition of Nashville’s American Paper & Twine, a leading distributor of janitorial, packaging, food service, safety and office products with 95 years of experience.

Financial terms of the deal were not disclosed.

Led by Bob Doochin and Karen Doochin Vingelen, the company said APT is known for its knowledgeable sales team, wide array of products and high touch customer service.

The addition allows Imperial Dade to better reach customers, and bolsters its position nationally as the leader in specialty distribution, according to the company.

“This acquisition is the next step in our ability to serve customers coast to coast as a national distributor,” said Jason Tillis.

At APT, Doochin Vingelen said that the resources that come with combining with Imperial Dade will help to accelerate the company’s recent growth.

Last month, Imperial Dade started November with the announcement of its 43rd acquisition: Nichols Paper & Supply.

Imperial Dade acquires Nichols Paper & Supply

Janitorial and food service supplier Imperial Dade acquired Nichols Paper & Supply of Norton Shores, Mich., bringing the number of acquired companies under brothers Robert and Jason Tillis, chief executive officer and president of Imperial Dade, respectively, to 43.

Nichols is a distributor of janitorial supplies and industrial packaging with 85 years in business and nine locations throughout Michigan.

According to a Nov. 1 announcement, the acquisition of Nichols will significantly strengthen Imperial Dade’s existing presence in the Midwest and help better reach customers coast-to-coast through its roughly 100 facilities.

“Imperial Dade’s reputation and family-oriented culture align well with our own philosophy and values. We are excited for the opportunity to continue to expand our business and offerings to give even better service our customers as part of the Imperial Dade platform” said Mike Olthoff, CEO of Nichols, in a prepared statement.

Financial terms of the transaction were not disclosed.

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Imperial Dade’s latest acquisition scales Southeastern presence

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