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The DAK Group Announces Sale of Mayflower Sales to Gen Cap America

Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Mayflower Sales to Gen Cap America.  The DAK Group served as the exclusive investment banker and financial advisor to Mayflower Sales, initiating and managing the process.

“Mayflower has formed a strategic partnership to accelerate the company’s growth plans while also solidifying its position as a market leader. It is a fantastic opportunity for the owner to both monetize and ensure the legacy of the extraordinary business that his family has built.” stated Michael Richmond Managing Director at The DAK Group.

This transaction capitalizes on Mayflower’s leading position as a value-added distributor of premium physical security and storefront hardware products including; locks, locksets, access control systems and door hardware. Founded in 1917, Mayflower has provided quality products and personalized service to a variety of customers and end markets including sub-contractors, hospitals, universities and government institutions around the world.

The DAK Team created a competitive environment bringing several suitors to the table. Paul Swetow, CEO of Mayflower stated, “we selected Gen Cap based on their long-standing track record of partnering with established management teams to drive continued success.”

Andrew Ginsberg, Director Gen Cap America commented “We are excited to partner with Mayflower’s top-notch management team, led by CEO Paul Swetow, in this investment. We look forward to working with the Mayflower team to further build on the company’s long track record of providing quality products and exceptional service to its customers.”

The DAK team was led by Michael Richmond, Managing Director, along with Elyse Greenbaum, Director and Melvyn Threatt-Peters II, Vice President.

About The 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 Mayflower Sales

Since 1917, Mayflower Sales has been distributing quality products with personalized service to the trade. With expertise in the higher technology aspects of the security industry, Mayflower is prepared to be your Security Source! We excel in both the everyday and the unusual – stocking what you need and filling your order as quickly as possible.

About Gen Cap America

Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses.

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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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