Mac Papers announced the sale of its businesses to Monomoy Capital Partners, a New York City-based private equity firm. The sale includes Mac Papers, Inc., Mac Paper Converters, Inc. and All Square Digital Solutions, Inc. (collectively "Mac Papers"). Terms of the transaction were not disclosed.
Rick Mitchell, the company's current Chief Operating Officer, assumes the role of President and COO of Mac Papers.
The rest of Mac Papers' current management team, including CFO, Greg Gay; Executive Vice President of Paper, Craig Boortz; Vice President of Packaging, Chris McCabe; Vice President and Regional Manager, Carter Whiddon; Vice President of Purchasing, Steve Collins; and Vice President of Mac National, Jeff Harris, will continue in their roles under Monomoy ownership.
Scott Sipkovsky will continue to lead the MPEC operation and Ash Weekley will continue as the business development lead for the company's wide format business.
Headquartered in Jacksonville, Florida, Mac Papers is one of the largest wholesale distributors in the southeastern United States.
