Internationally Recognized Tech Consulting & Rich Media Integration Firm Acquired.
Rochelle Park, NJ – DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the acquisition of The Systems Group (TSG), of Hoboken, NJ, by its client Diversified Systems, (Kenilworth, NJ). DAK served as exclusive investment banker and financial advisor to Diversified leading the negotiation due diligence, and ultimate closing of the transaction.
The Systems Group (TSG) acquisition expands Diversified’s presence in the broadcast integration market and provides it with an internationally recognized firm with a strong reputation for consulting, design, and integration around broadcast-LAN architecture.
This acquisition enables Diversified to build on our broadcast services by leveraging the knowledge and experience of years in business focused on broadcast solutions” said Fred D’Alessandro, Chairman and CEO of Diversified. “TSG’s thoughtful design, attention to detail and customer loyalty will immediately contribute to our collective client base with the resources to build focused broadcast solutions, of any complexity and scale, across the globe.”
The TSG acquisition comes on the heels of Diversified’s acquisition of Technical Innovation (TI), of Norcross, GA, creating an industry powerhouse offering a broad spectrum of media solutions with over $400 million in revenue and 800 employees in 22 offices across the US.
Alan Scharfstein, DAK Group’s CEO noted that “We are excited about the addition of TSG to the Diversified family. This acquisition expands Diversified’s market leadership in the audio-visual and broadcast integration marketplace and we are pleased to have played an instrumental role in its creation.”
Ari Fuchs’s, DAK’s Deal Team execution leader adds “Our relationship with Diversified dates back nearly ten years having advised on the execution of several buy-side acquisitions, refinancing’s and growth equity investments.”
Diversified is an industry leader in custom solutions and managed services for a broad spectrum of media delivery challenges. They specialize in the use of technology for complex and scalable professional broadcast, corporate communications and digital signage networks that provide businesses with the enhanced capability of creating, managing and monetizing original digital content.
Since 1984, DAK has executed hundreds of transactions across a wide range of industries, including food, industrial, manufacturing and distribution, telecommunications and technology, business services, packaging, consumer products and healthcare. As a leading investment bank exclusively serving the middle market in the areas of buying and selling businesses, financial restructuring, capital advisory, valuations and fairness opinions, DAK offers a propriety process that allows clients to maximize the value of their business.
Deal Team Contacts
Alan J. Scharfstein – President
Ari Fuchs – Director