retrotech savoye legris

French Suitor Invests to Strengthen U.S. Foothold

The DAK Group is pleased to announce the strategic acquisition of its client Retrotech, Inc., a privately held leading engineering services firm specializing in warehouse automated storage and retrieval systems (AS/RS).

Retrotech was acquired in its entirety by Savoye, a subsidiary of Groupe Legris, a $500 million diversified industrial company based in Rennes, France. The DAK Group served as exclusive investment banker and financial advisor to Retrotech, initiating the transaction and managing the divestiture process.

The strategic combination of the two companies now presents customers expanded product and service offerings across international borders to meet the market’s increasing demand for efficient, highly automated warehouse systems.

According to Nancy Manket, Managing Director at The DAK Group, “This transaction re-confirms our experience that foreign buyers are keenly interested in acquiring U.S.-based businesses that offer a strategic and complementary fit for growth and expansion.”

Founded in 1985 outside Rochester, NY, Retrotech is considered a pioneer in the design and modernization of efficient warehouse handling systems. Known for its enviable presence in large scale distribution centers — particularly in the high volume personal products, food & beverage and high tech industries — Retrotech’s customized solutions accommodate increasingly larger numbers of SKUs, shortened delivery times, and objectives to reduce cost and human error.

Savoye is a an international logistics engineering firm focused on automated order preparation and fulfillment and mechanized packaging for shipping, high-speed sorting and pallet handling. The firm also develops software solutions for warehousing, transport and supply chain flows.

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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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