Mesirow Financial advises Peak Rock on acquisition of Roses Southeast Papers

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Mesirow Financial advises Peak Rock on acquisition of Roses Southeast Papers

October 29, 2014 - 19:35
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CHICAGO, Oct 28, 2014 (Press Release) - Mesirow Financial acted as the exclusive financial advisor to Peak Rock Capital ("Peak Rock" or the "Company"), an Austin, Texas-based private equity firm, in its acquisition of Roses Southeast Papers, LLC ("Roses Southeast"), a leading manufacturer of tissue-based paper products, by affiliate Atlas Southeast Papers, Inc. ("Atlas Southeast" or "Atlas").

Based in Sanford, Florida, Roses Southeast produces a complete line of tissue products, including bath tissue, towels, and cocktail, dinner and dispenser napkins. It has earned a well-regarded reputation for its diverse and high quality product offerings.

Following the acquisition, Atlas Southeast is a leading manufacturer of tissue products, capable of producing both virgin and recycled grades. The company operates a state-of-the-art tissue paper mill where it both manufactures tissue jumbo rolls for resale as well as converts tissue paper into finished good products. Atlas Southeast services leading customers in both the away-from-home and value retail channels.

Anthony DiSimone, CEO of Peak Rock Capital, said, "We look forward to supporting Roses Southeast and its employees by further establishing Atlas Southeast as a leading manufacturer and supplier of jumbo rolls and converted paper products. Mesirow Financial has been an invaluable resource in helping Peak Rock build a platform for growth in the tissue sector. Their guidance and deep industry expertise allowed us to successfully identify strategic targets and ultimately highlight our ability to acquire and optimize strategic manufacturing assets."

Peter Leibman, managing director of Peak Rock Capital, added, "The acquisition of Roses Southeast will support Atlas Southeast's growth by expanding and diversifying their product offerings. Mesirow did an excellent job of handling the transaction from start to finish."

"Mesirow Financial was honored to represent Peak Rock Capital in this process," stated Rick Weil, a managing director in Mesirow Financial's Investment Banking group. "We believe that, through its acquisition of Roses Southeast, Atlas is well positioned for future growth and will continue to offer the highest quality products to its customers."

The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 100 transactions in recent years.

About Peak Rock Capital

Peak Rock Capital is an Austin, Texas based private equity firm that makes debt and equity investments in middle-market companies. Peak Rock focuses on investing in companies where it can support senior management in driving rapid growth and profit improvement through operational and strategic changes. Peak Rock's principals have deep expertise in complex situations, with the ability to provide tailored capital solutions and close transactions quickly where speed and certainty are priorities.

About Mesirow Financial

Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals.