A Growth Accelerator for New Products, Geographies and End Markets
Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces that Diamond Chemical Company, headquartered in East Rutherford, NJ has partnered with Graycliff Partners, a New York investment firm.
The DAK Group served as the exclusive financial advisor to Diamond Chemical.
“Diamond Chemical is a world class company. The investment from Graycliff Partners affords Diamond the opportunity to leverage its existing platform and accelerate the growth of its business.” stated Alan Scharfstein, CEO of The DAK Group who lead the transaction along with Derek Zacarias, Director, Marvin Ma, Senior Associate, Mark LaVilla Associate, Matthew Wisneski, Analyst.
This transaction capitalizes on Diamond’s leadership position in the high-quality industrial and institutional cleaning products space. Manufacturing over four million pounds of product weekly and serving over 1,000 customers across the U.S. from facilities on the East and West coasts. Diamond produces both organic intermediates and finished products for laundering, housekeeping, warewash, floor care, sanitizing, and pool care. Founded in 1930 this third-generation business is a mainstay resource with many legacy customers that span decades.
The DAK Group led a highly competitive process garnering much interest from both Strategic and Financial investors, ultimately Graycliff Partners emerged as the ideal partner.
Harold Diamond, President and CEO of Diamond, commented, “As a third-generation family-owned business, it was important to find a financial partner that understood our history and our vision. Graycliff’s approach of providing strategic guidance while allowing us to continue to operate the business and retain our culture resonated with us. We are excited to leverage their experience to take Diamond to our next phase of growth”
About The DAK Group
www.dakgroup.com
The DAK Group is a leading investment bank serving mid-market privately held businesses in the areas of mergers and acquisitions, business sales, strategic leadership 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.
About Diamond Chemical
www.diamondchem.com
A national leader in the high-quality industrial and institutional cleaning products space. Diamond produces both organic intermediates and finished products for laundering, housekeeping, warewash, floor care, sanitizing, and pool care.
Our objective is to be a leading developer, manufacturer and supplier of the highest quality products, tailored to meet the changing needs of business, while conserving resources and providing superior value to our customers. Diamond Chemical will consistently create new and innovative products and systems that meet or exceed today’s economic, environmental and safety requirements.
About Graycliff Partners
www.graycliffpartners.com
Graycliff Partners is an investment firm focused on making lower middle market investments, typically in niche manufacturing, value-added distribution, and industrial services businesses. Through dedicated equity and credit funds, Graycliff provides capital for acquisitions, management buyouts, recapitalizations, growth and expansion.
Graycliff’s mission is to help companies and founders pursue their ambitions. Our approach is rooted in trust, collaboration, and curiosity and can be summed up in three words: Listen. Learn. Leverage. We call it L3.
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