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

By Generational Equity


Generational Equity, 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 Equity 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

Headquartered in Dallas, Generational is one of the leading M&A advisory firms in North America.

With more than 350 professionals located throughout 17 offices in North America, the companies help business owners release the wealth of their business by providing growth consulting, merger, acquisition, and wealth management services. Their six-step approach features strategic and tactical growth consulting, exit planning education, business valuation, value enhancement strategies, M&A transactional services, and wealth management.

The M&A Advisor named the company Investment Banking Firm of the Year three years in a row, Valuation Firm of the Year in 2020, and North American Investment Bank of the Year in 2022 as well as Consulting Firm of the Year. For more information, visit