DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Tropar Manufacturing Corporation (“Tropar”), to JDS Industries. The acquisition closed September 30, 2024.
Located in Florham Park, New Jersey, Tropar Manufacturing Corporation is the creator of Airflyte® products, which have set the standard for affordable, high-quality recognition awards since 1959. As a privately held company with over 65 years of experience, Tropar is celebrated for its innovative designs, exceptional craftsmanship, and outstanding customer service, holding more than 30 design patents that solidify its leadership in the awards and promotional products industry.
Named “Supplier of the Year – Multi Locations” 2019-2020 by the Awards and Recognition Industry Association, Tropar maintains the one of the largest inventory of recognition awards in North America, offering rapid shipping from four U.S. distribution centers. Airflyte® products are distributed through 5,000 dealers across North America and 10 international markets.
Based in Sioux Falls, South Dakota, JDS Industries is a global leader in supplying component parts for awards, promotional products, gifts, sign supplies, and other customizable items.
“JDS Industries is very proud to be able to offer this line to our many customers,” said JDS Industries CEO Scott Sletten. “This addition of Airflyte® products to our corporate award offerings will add to our already extensive line of corporate-focused products.”
“We want to thank the Ilaria family for all of their hard work and dedication in building Tropar over the past 65 years,” stated Sletten. “JDS plans to add to the offerings as well as bring our award-winning customer service to make the Airflyte® line even more successful well into the future.”
Tropar will continue its current operations through the remainder of 2024. Starting in early 2025, all Tropar products will be available exclusively through JDS Industries. This transition combines Tropar's exceptional Airflyte® products with JDS's award-winning service and programs, creating an unbeatable partnership.
Generational Group Executive Managing Director, M&A-Technology Practice Leader, David Fergusson, and his team led by Managing Director, M&A, Moses Shmueli, with the support of Managing Director, M&A, Corey Painter successfully closed the transaction. Senior Managing Director, Thomas Hamm established the initial relationship with Tropar.
“Since its founding in 1959, Tropar has differentiated itself through its targeted markets, commitment to quality, timeliness, and well-stocked inventory. It was clear from the beginning that it was going to be a great fit and the level of professionalism of both companies made for a smooth transaction,” said Shmueli.
About Generational Group
Generational Group, headquartered in Dallas, is a leading, award-winning, full-service business advisory firm. With more than 350 professionals located throughout 16 offices in North America, the company helps business owners release their business’ wealth by providing growth consulting, merger, acquisition, and wealth management services. The Generational suite of advisory services includes strategic growth consulting, exit planning education, business valuation, value enhancement strategies, M&A services, digital services, and wealth management.
For more information visit https://generational.com/
