Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Refrig-It, headquartered in South Kearny, NJ, to Tilia Holdings.
The DAK Group served as the exclusive investment banker and financial advisor to Refrig-It initiating and managing the divestiture process.
“Refrig–It’s owners have gained a strategic partner to help accelerate their industry leadership position, while simultaneously monetizing the exceptional business they have built.” stated Alan Scharfstein, President of The DAK Group.
This transaction capitalizes on Refrig-It’s leadership position in the storage and handling of nuts, grains and dried fruits. For over 25 years Refrig-It has provided customers with a full suite of third party warehousing and logistics services, in a temperature controlled and specialty handling environment.
Tilia Holdings is a mission-driven private investment firm focused exclusively on building distinctive middle-market companies that provide outsourced, technical services across the global food supply chain. This acquisition enhances Tilia’s capabilities and mission of making the food chain safe, nutritious and sustainable.
AboutThe DAK Group
www.dakgroup.com
The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sale, financial restructuring, bankruptcy, capital advisory, valuations and fairness opinions. Since 1984, The DAK Group has executed hundreds of transactions across a wide range of industries. The DAK Value Accelerator is the propriety process that allows clients to maximize the value of their business. The DAK Group is headquartered in Rochelle Park, NJ with an office in Philadelphia.
About Tilia Holdings
www.tiliallc.com
Tilia Holdings, headquartered in Chicago, Illinois, is focused on technical business services for the fragmented and expanding global food economy and approaches each investment as a steward by employing a set of core principles to build distinctive companies through patience and perseverance.
