Author name: Joan McGeough

Calmac acquired by Trane

DAK Announces a “Really Cool” Deal

Rochelle Park, NJ – CALMAC ® is to thermal energy, what Elon Musk is to solar storage; with 70 years’ experience and more than 4,000 businesses and institutions in 60 countries that rely on CALMAC’s thermal energy storage to cool their buildings. A family business founded by Cal MacCracken in 1947, CALMAC developed its’ premiere IceBank

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PK inc

The DAK Group Selected to Represent Official Committee of Unsecured Creditors of FemTech Retailer Peekay Boutiques

Rochelle Park, NJ – The DAK Group was selected as the investment bank and financial advisor to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Seattle-based retailer Peekay Boutiques, Inc.  Peekay is a public company which operates more than 45 boutiques selling lingerie and women’s wellness and sexual health products.

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Lily Robotics

Representing Official Committee of Unsecured Creditors of Lily Robotics

DAK was selected as the investment bank and financial advisor to the Official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of San Francisco-based drone startup company Lily Robotics, Inc. Lily Robotics promoted an autonomous flying drone camera that would capture photos and videos; the camera would be waterproof, capable of being launched

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DAK Selected to Represent Official Committee of Unsecured Creditors of Violin Memory

DAK Selected to Represent Official Committee of Unsecured Creditors of Violin Memory. DAK was selected as the investment bank and financial advisor to the official Committee of Unsecured Creditors in the Chapter 11 bankruptcy case of Silicon Valley tech company Violin Memory, Inc.

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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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