Author name: Alan Scharfstein

Achieving Success: Growth Through Acquisition

Growth through acquisition is often the fastest way to expand your business and increase its value. There are many great benefits derived from purchasing another company including instant access to new customers, products and markets; acquiring new talent, equipment, and technology; removing a competitor from the playing field; and getting a big bump up in

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DAK Announces Sale of La Cena Fine Foods, Ltd to Diaz Foods

DAK served as exclusive investment banker and financial advisor to La Cena, initiating the transaction and managing the divestiture process. The transaction capitalizes on La Cena’s long history of building a high-quality, branded Caribbean food line throughout the northeast while simultaneously expanding its distribution network throughout the southeastern United States. The acquisition marks a significant

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Millennials? How About a Near Centenarian? DAK’s Sandy Batkin Interviewed by NJ Biz Editor

Sandy Batkin, 91, Managing Director at DAK and former CEO of Universal Folding Box Co. was interviewed by Brett Johnson of NJ Biz on working with clients in the 21st Century, the power of 70 years of learning, important business lessons that stood the test of time, and inspiring Millennials. (Read here)

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Second Growth Acquisition for Forerunner Technologies

DAK Capital, a unit of DAK, has successfully led the strategic acquisition of the Systems Business unit of EarthLink, Inc. (NASDAQ: ELNK) based in Atlanta, GA, on behalf of Forerunner Technologies, Inc. headquartered in Bohemia, NY. The transaction marks the second acquisition led by DAK Capital and Managing Director, Lisa Stern, for Forerunner which acquired

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DAK speaks at ICMAD Independent Cosmetic Manufacturers and Distributors

“Increase the Value of Your Business”

Michael Richmond, Managing Director at DAK, addressed members of Independent Cosmetic Manufacturers and Distributors (ICMAD) on the subject of improving the financial value of their businesses. In his talk in September 2011, he discussed the drivers of value and offered suggestions that would  enhance a business’s potential multiple of EBITDA (earnings before interest, taxes and

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VCI – Emergency Vehicle Specialists recapitalized by Tightrope Capital & NewSpring Capital

VCI is the preeminent full lifecycle sales and service provider of emergency ambulance solutions to first aid squads, EMS organizations, fire departments, hospital organizations, municipalities, and private medical transport companies in the Mid-Atlantic Region. VCI was recapitalized by private equity firms Tightrope Capital Partners and NewSpring Capital.

DAK led a competitive, sell-side process for VCI, generating multiple offers from a wide range of strategic buyers and financial sponsors. By positioning the combination of VCI’s market leadership position, comprehensive services offering, strong manufacturer relationships, and robust backlog, DAK achieved an outstanding outcome for the company’s shareholders.

The acquisition provides the shareholders of VCI an opportunity to accelerate its growth strategy by expanding its core ambulance business, building out the value-added segments of conversions and remounts, implementing operational improvements, and pursuing acquisitions with the help of its new partners. Tightrope and NewSpring have an opportunity to leverage VCI’s strong management team and operating platform to build a multi-regional player in emergency ambulance solutions.

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