NJBiz 40 Under 40

NJBIZ Announces the Winners of New Jersey’s 2018 Forty Under 40 Awards Program

Ari Fuchs has been named a winner in the 2018 NJBIZ Forty Under 40 awards program. The Forty Under 40 awards program honors men and women under the age of 40 who have been making headlines in their field and who share a commitment to business growth, professional excellence and their community. To qualify, a nominee had to meet selection criteria that included working in New Jersey, possessing significant authority for decision making within a company or organization and being the age of 39 years old or younger on September 11, 2018. The winners were chosen by an independent panel of judges.

Ari Fuchs receives 40 Under 40 AwardNJBIZ and the program sponsors honored this year’s winners during an awards reception and ceremony on September 24 at The Palace at Somerset Park in Somerset, NJ. The honorees are also highlighted in a special supplement to NJBIZ on September 24, 2018.

I am grateful and honored to be selected as a recipient for this prestigious award. I would like to thank my colleagues at DAK for their continued professional encouragement and guidance” stated Ari Fuchs.

Ari is a Director in the New Jersey office of DAK, an investment bank that works exclusively with middle market business owners. Ari is an integral part of the client service team.  He is responsible for the origination and execution of sell- and buy-side strategic mandates, restructuring assignments as well as equity and debt capital raises and strategic advisory services.

Over the course of his investment banking career, Ari has originated and executed over 100 transactions with aggregate enterprise value of  more than $1 billion, including M&A advisory assignments and private equity and debt financings.

His clients have included publicly-traded and privately-held middle-market companies in a broad range of industries including industrials and manufacturing, technology, consumer products, business services, healthcare services, telecommunications and media.

About DAK

www.dakgroup.com

DAK 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, DAK 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.  DAK is headquartered in Rochelle Park, NJ with an office in Philadelphia.

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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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