Patriot Capital, a multi-strategy middle market investment firm, is pleased to announce a new debt and equity co-investment alongside TZP Group in support of the merger of BIGNAME Commerce, an existing TZP portfolio company, with JAM Paper & Envelope.
BIGNAME Commerce is the parent company of Envelopes.com and Folders.com, e-commerce market leaders in specialty office supplies. JAM Paper & Envelope is a data analytics-driven retailer of branded specialty office products sold through e-commerce marketplace channels and its own direct-to-consumer website. The combined company brings together complementary skillsets, merging BIGNAME Commerce’s expertise in in-house envelope manufacturing, custom printing, personalization, and direct-to-consumer sales with JAM Paper & Envelope’s success in selling through third-party online marketplaces. The combination enhances capabilities relative to advanced data and analytics, improves manufacturing utilization, and directs more volume to strategic vendors.
Patriot’s investment in the combined company was completed in support of TZP Group and in partnership with Andrew Jacobs, JAM’s Chief Executive Officer (CEO), who will become the CEO of the combined company.
Rodney Eshelman, a Partner at TZP Group, commented, “We are thrilled to partner with Patriot as the firm has deep domain knowledge in the sector and was able to move efficiently through the transaction process. We look forward to working with the Patriot team to scale the business and realize the potential of the combined businesses.”
For more information on this transaction, please contact Jonathon Cope.