Boston. August 12, 2026 – Novastone Capital Advisors (“NCA”) today announced that Padraig Lawlor has completed the acquisition of Jillson & Roberts, a Southern California-based, family-owned provider of premium gift wrap, gift packaging accessories, gift bags, ribbons, gift enclosure cards, and related social expression products.
Jillson & Roberts, operated by Ray’s Wrap LLC, was founded in 1974 and has built a longstanding reputation for premium quality, fashion-oriented gift wrap and gift packaging products. The acquisition reflects NCA’s operator-led buyout model, which supports experienced executives in acquiring and leading established founder-owned and family-owned businesses through ownership succession transitions.
The transaction was led by Novastone Partners US as lead investor, alongside Altis, Iberia, CapitalPad, South Highland Ventures through SHV ETA Fund I, LP, Dan Dorman, and Pau Cortes. Following the acquisition, Padraig Lawlor will assume the role of Chief Executive Officer of Jillson & Roberts.
“Jillson & Roberts is exactly the type of business our operator-led buyout model was built to support,” said Christian Malek, Founder and CEO of Novastone Capital Advisors. “It is an established, family-owned company with a strong legacy, a clear succession opportunity, and an experienced operator in Padraig Lawlor who is well positioned to lead the company into its next chapter. We are pleased to partner with South Highland Ventures to support this transition.“
“I am honored to lead Jillson & Roberts and build on the foundation created by the company’s team and family ownership group,” said Lawlor.
In connection with the transaction, Megan Manning, Venture Partner at South Highland Ventures, will join the board of directors of Jillson & Roberts. Manning previously served as CEO of Ross & Wallace Paper Products, a paper products manufacturing company founded in 1951, where she led operational growth initiatives and the company’s eventual sale to AmerCareRoyal, a portfolio company of Oridian Capital Partners, formerly HCI Equity Partners. Following the acquisition, she led integration efforts across the combined platform.
ABOUT Novastone Capital Advisors
Novastone Capital Advisors supports experienced operators in identifying, acquiring, and operating established businesses through an operator-led buyout model. The firm works with operators and investors to support successful ownership transitions in the lower middle market.
ABOUT 
Jillson & Roberts, operated by Ray’s Wrap LLC, is a Southern California-based provider of premium gift wrap, gift packaging accessories, gift bags, ribbons, gift enclosure cards, decorative mailing boxes, and related social expression products. The company serves retailers across the United States and Canada.
