Generational Group Advises Ross & Wallace Paper Products in its Sale to AmerCareRoyal

By Generational Group

12/21/2021

Generational Group, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Ross & Wallace Paper Products, Inc. to AmerCareRoyal, LLC, a holding of HCI Equity Partners. The acquisition closed September 23, 2021.

Located in Hammond, Louisiana, Ross & Wallace Paper Products (RWPP) is a manufacturer of paper bags & rolls with a 70-year history of providing quality paper products. Originally focused on manufacturing merchandise bags, the RWPP brand has grown to also include an array of sizes of grocery bags, grocery sacks, heavy-duty bags, and paper rolls printed and plain in a large variety of papers.

AmerCareRoyal, headquartered in Exton, Pennsylvania, is a single stream resource for over 6,000 disposable products used in the food service, janitorial, sanitation, industrial, hospitality and medical industries. With multiple shipping points across the United States, the AmerCareRoyal family of companies service national level customers with outstanding customer service and an ever-growing product line.

Located in Washington, D.C., HCI Equity Partners is a lower middle market private equity firm focused on partnering with family and founder-owned manufacturing, service, and distribution companies. They build solid partnerships with company owners and management teams to develop and execute their growth strategies. With meaningful, diverse operating experience and an active approach, HCI strives to be more of a business partner than an investor.

Generational Group Executive Managing Director of M&A – Central Region, Michael Goss and his team, led by Senior M&A Advisor, Gary Milleson, with support from Vice President, Mergers & Acquisitions, Jacob Mangalath, successfully closed the deal. Senior Managing Director Thomas Hamm established the initial relationship with RWPP.

“It has really been a pleasure working Ross & Wallace Paper Products to complete the sale to AmerCareRoyal. Both AmerCareRoyal, and HCI Equity Partners displayed the utmost professionalism in completing this strategic add-on to their business,” said Milleson.


About Generational

Generational Group, headquartered in Dallas, TX, is a leading, award winning full-service M&A advisory firm. Generational has over 300 professionals across 16 offices in North America. The firm empowers business owners to unlock the full value of their companies through a comprehensive suite of services—including strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A advisory, digital solutions, and wealth management.

Celebrating its 20th year, Generational has successfully closed over 1,700 transactions and has ranked #1 or #2 in all LSEG league tables for deals valued between $25 million and $500 million in 2022, 2023, and 2024.

The firm was named 2024 USA Investment Banking Firm of the Year by the Global M&A Network and recognized as Investment Banking Firm of the Year by The M&A Advisor in both 2024 and 2022.