Beacon Mills

Beacon Looms acquired by 1888Mills

In a highly strategic transaction, DAK Announces the acquisition of Beacon Looms by 1888 Mills.  The third-generation family owned manufacturer of home textiles, including window treatments, faced an issue of family succession. The DAK Group led a competitive process to identify an appropriate corporate buyer.

1888-Mills480x120 The resulting sale to 1888 Mills, a manufacturer of towels, bedding and bath textiles, brings together complementary product lines and offers potential for future growth through cross-selling opportunities.

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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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