Small Business Deal Advisors (“SBDA”) is pleased to announce the sale of Grand Rapids, Michigan-based Premier Paper & Supplies to BBC Distributing.
Founded in 1994, Premier Paper & Supplies is a regional distributor of point of sale products, paper supplies, and other non-durable goods. Through its dedication to hard work and service, the company has developed a loyal customer base that includes restaurants, convenience stores, and gas stations. Premier Paper & Supplies puts customer service at the forefront of its efforts, which has helped to differentiate the business from other non-durable goods distributors across Michigan.
Jim Bonander started the company with his father in 1994. Over the last 26 years, Jim has enjoyed growing the business into the well-known and highly respected organization that it is today. With Premier Paper & Supplies performing strongly, Jim and Pat, his wife who worked in the business, decided they were ready to retire and sell the company. At this point, they engaged Small Business Deal Advisors to market and sell Premier Paper & Supplies.
Jim commented, “It was a pleasure working with Garrett and Small Business Deal Advisors during the recent sale of my company, Premier Paper & Supplies. Pat and I felt that Garrett was responsive to all our inquiries and worked in our best interests. The sale went quickly and smoothly. The marketing tools used, and Garrett’s efforts generated the kind of buyer we were looking for and enabled us to accomplish what we set out to do. Thank you for all of your help!”
Premier Paper & Supplies was acquired by BBC Distributing, a Grand Rapids, MI-based distributor of foodservice supplies and equipment. BBC Distributing is a portfolio company of The Enterprises. Both Ed Stasiak, President at KSS Enterprises (another portfolio company of The Enterprises) and Tom Hill, CEO at KSS Enterprises, saw great potential in Premier Paper & Supplies and are excited to fuel the company’s growth going forward.
Garrett Monroe, the lead advisor who managed the deal, added, “I am pleased with how seamless this process went. It was great to find the perfect buyer within weeks of launching Premier Paper & Supplies onto the market! Jim has put a lot of time and effort into this Business, and I wanted to find him the perfect buyer to help the transition. After Ed inquired about the business, I knew that BBC Distributing would be a great fit. I’m glad it worked out for everyone!”
Premier Paper & Supplies distributes mainly Hamco receipt rolls, along with many other non-durable goods. The Company developed a strong relationship with Hamco because Jim’s father used to be the president of Hamco. Jim’s passion for customer service and business relationships allowed him to step into his father’s shoes and start his journey with Premier Paper & Supplies. Premier Paper & Supplies is dedicated to honesty, integrity, and service with unparalleled product quality and customer service.
SBDA served as an M&A Advisor to Premier Paper & Supplies. This included providing advisory expertise and managing the preparatory, marketing, due diligence, and negotiation phases of the transaction.
Terms of the transaction were not disclosed.