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"Hiring Ameridan was the best move we made. Jim is a true pro. He pointed out things we never thought of that dramatically increased the value of our company. He knew exactly how to communicate our company's story and managed the process to our benefit. Best of all, he is not afraid to get his hands dirty; he sweated the details and worked hand-in-hand with our accountant and attorney through the sometimes difficult negotiations. Without Jim, I really don't think the transaction would have been successfully completed. I'm really happy he was on our team."
 Dennis Perna Vice-President & Co-owner
Peerless Paper Mills, Inc.
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Representative Engagements
Peerless Paper Mills, Inc.
Situation:
Peerless Paper is one of the Country's largest and most successful wholesalers of paper products and janitorial supplies. The company, with annual sales of over $75 million, is headquartered in Oaks, PA and has branches in Illinois, Maryland, Minnesota, Ohio, and Pennsylvania.
In the fall of 1999, the company's owners faced a dilemma. Large, publicly-traded companies from both the U.S. and Europe were becoming increasingly active in the Company's niche. Several of these companies approached Peerless regarding a potential acquisition. The dilemma for the owners was: Do we attempt to fight off these much larger, much better capitalized companies or do we join one of them? Ameridan's Role:
In the Spring of 2000, Peerless engaged Ameridan to help the Company's shareholders assess their options and effect the chosen course of action.
Dr. Mulick went to work on several fronts. He assessed the company's alternatives to selling, confidentially initiated discussions with other potential strategic acquirers in the U.S. and Europe, and explored partnerships with selected private equity groups.
 Over the next nine months, Dr. Mulick worked as part of the company's team of professional advisors to structure and effect a sale of the Company in a way that met the shareholders' stringent objectives. On January 5, 2001 Peerless was acquired by Lagasse Bros., Inc., a subsidiary of United Stationers, Inc. With annual sales of $3.8 billion, United Stationers is North America's largest distributor of business products to resellers and has over 70 distribution centers across the U.S., Mexico and Canada.
Total transaction value exceeded $35 million. |
