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Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to S. Freedman & Sons, Inc. (“SFS” or the “Company”) on its acquisition by Imperial Dade, a leading North American distributor of foodservice packaging supplies, industrial products, and janitorial supplies. The financial terms of the private transaction were not disclosed.
Freedman & Sons, Inc. is a fourth generation led business servicing customers in numerous states across the Mid-Atlantic. Boasting a nearly 120-year history, SFS is committed to continually providing superior service and products that meet and exceed customer expectations grounded in the founding principles of honesty, integrity, and customer satisfaction. The Company has an exceptional reputation in the market and operates with the same hyperfocus on customer service as when it was founded. By leveraging Imperial Dade’s market-leading platform, SFS’ customers can expect the same exceptional customized service coupled with a diversified offering of products and solutions.
“This transaction exemplifies the ongoing consolidation within the foodservice packaging and janitorial supplies sector, where companies are seeking to enhance their capabilities and geographic reach,” noted William Susman, Cascadia Managing Director. “Cascadia’s deep industry expertise allowed us to align S. Freedman & Sons with a strategic partner like Imperial Dade, ensuring a strong cultural and operational fit.”
“On behalf of the entire S. Freedman & Sons team, we are thrilled to be part of Imperial Dade. Now in the market as one, I am excited for this next chapter of profitable growth. The resources and strategic support will enable us to continue our growth trajectory and strengthen our customer and supplier relationships,” said Jeff Freedman, CEO of S. Freedman & Sons. “Cascadia Capital’s guidance and industry expertise were instrumental in delivering an optimal outcome that aligns with our values and positions us for long-term success.”
“The acquisition reflects broader industry dynamics as distributors look to scale operations and capitalize on opportunities in an evolving marketplace,” added Naaman Heyman, Cascadia Managing Director. “We are proud to have supported S. Freedman & Sons in this pivotal transaction.”
Related Transactions
This acquisition represents another successful transaction for Cascadia within the specialty distribution sector. Past transactions include:
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