eastern corinthian

Sale of Eastern Wholesale Fence Co to Corinthian Capital Group

Family Business and Fence Products Innovator Opens Multi- Billion Dollar Sector for PE Firm

Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Eastern Wholesale Fence Company, headquartered in Medford, NY to Corinthian Capital Group, LLC a private equity firm located in New York City. The DAK Group served as the exclusive investment banker and financial advisor to Eastern Wholesale Fence Co., initiating and managing the divestiture process.

The transaction capitalizes on Eastern’s outstanding reputation as a high-quality, innovative manufacturer and distributor of fence products throughout the Northeastern United States. A family business that started in 1971, Eastern has operated with the same mission: to provide quality products, at the best price with the best customer service.

“With this transaction Eastern Wholesale Fence’s founders have been able to monetize the exceptional business that they have built, while gaining a strategic partner to help them accelerate their industry leadership position.” stated Alan Scharfstein, President of The DAK Group.

Founder Peter Williams, Sr., and CEO Peter Williams Jr. have provided Corinthian Capital Group with a turnkey business to use as a platform to expand nationally in the multibillion dollar fence marketplace.

“We are excited to be backing a strong, well-established management team at Eastern Fence, led by long-time CEO Peter Williams, Jr.” said C. Kenneth Clay, Executive Managing Director of Corinthian Capital.

The DAK Group team included Alan Scharfstein, President, Steve Raymond, Managing Director and Ari Fuchs Director.

About Eastern Wholesale Fence Co., Inc.

Eastern Fence is a well-known manufacturer and distributor of residential and commercial fence products, including the Illusions brand of vinyl fence and railing products, the EverStrong brand of PVC Profiles, the Grand Illusions brand of 35 colors and 5 wood grains of vinyl fence, System21 and Eastern Chain-Link brands of chain-link fence products, Eastern White Cedar Brand wood fencing products, and the Eastern Ornamental brand aluminum fence and railing products.

About Corinthian Capital Group, LLC

Corinthian Capital Group, LLC, is a private equity firm specializing in investments in small and middle market companies. Corinthian was founded in 2005 and is headquartered in New York City.

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 offices in Philadelphia.

Deal Team Contacts

Alan J. Scharfstein – President

Steve Raymond – Managing Director

Ari Fuchs – Director

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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.

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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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