refrigit tilia

The DAK Group Announces Sale of Refrig-It to Private Investment Firm Tilia Holdings

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

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

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.

Share the Post:

Current Posts

Scroll to Top

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.

Skip to content