Technology – Media – Telecom (TMT) – Spring 2023 Report

Sector Spotlight: Workplace Technologies

The world of Technology, Media, and Telecommunications (TMT) has changed dramatically in the last 2 years. During this time M&A in TMT was in a flurry, peaking in 2021, with 2022 trailing behind, yet still higher than pre-pandemic levels. So far, deal-making in the lower and middle market in 2023 is keeping steady. We continue to see transactions in the middle and lower market more frequently than larger deals.

In this latest report owners and investors within Tech, Media, and Telecommunications will learn about overall industry trends as well as which key performance indicators will impact company valuation, get a bird’s eye overview of recent industry mergers & acquisitions, and hear from a business owner about the process of using M&A as part of his growth strategy.

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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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