ESC Fidelity

DAK Announces Sale of Environmental Systems Corporation to Fidelity Building Services Group

Integrator of Intelligent Building Solutions Key to Strategic Expansion of Fidelity’s Energy and Sustainability Focus


Rochelle Park, NJ – DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, is pleased to announce that its client Environmental Systems Corporation (ESC) has been sold to Fidelity Building Services Group (Fidelity BSG).

DAK served as the exclusive investment banker and financial advisor to ESC, initiating and managing the entire transaction process.

Environmental Systems Corporation, headquartered in West Hartford, Connecticut has a rich 50+ year history as a building automation integrator that has grown into a complement of energy solution-based offerings delivering savings and greenhouse gas reductions to a marquee client roster.

Leveraging its deep expertise and relationships, DAK created a competitive process, identifying a number of potential, high-quality financial and strategic acquirers for ESC. Fidelity Building Services Group emerged as the ideal partner, bringing more solutions to existing clients and providing the infrastructure to scale services to meet a broader audience.

“The owners and management of ESC have built an extraordinary company with a stellar reputation and a loyal and devoted customer base. This transaction has afforded them the opportunity to gain a strategic partner to accelerate their vision of growth.” stated Alan Scharfstein, CEO of DAK, who led the Deal Team along with Elyse Greenbaum, Director and Jesse Del Buono, Analyst. 

ESC has a strong reputation as a trusted service and end-to-end solutions provider for a variety of sophisticated facilities and clients, including commercial, industrial, healthcare, education, government, utilities, and municipalities throughout the Northeastern United States.

Craig McCurdy, President of ESC, commented, “We knew it was time to find a partner to take our company to the next level. We had no shortage of options but found Fidelity to be by far the best for us. The company’s vision, talent, and culture are world-class and can clearly bring us where we want to be.”

About DAK

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 goal is always the same, to maximize value for our clients. Headquartered in Rochelle Park, NJ, with clients nationwide and abroad.

About Environmental Systems Corporation

Environmental Systems Corporation (ESC) is a building-integrated systems contractor that helps facility owners and managers enhance building performance by planning and integrating intelligent building solutions. ESC implements smart technology for sustainable operations, balancing energy use and occupant comfort from one seamless front-end interface. Our experienced technicians provide facility assessment, equipment installation, and on-site maintenance and support services to keep your assets connected and operating at peak performance. Whether you require a turnkey solution or are seeking to replace or upgrade a specific component of your existing system, ESC has the expertise to deliver products and solutions that enhance and simplify facilities management.

About Fidelity Building Services Group

Fidelity Building Services Group (Fidelity BSG) is a leading national provider of technical building services and solutions for the commercial and industrial facilities market. Our product and service offerings include HVAC/Mechanical Services, Energy & Sustainability Engineering, Advanced Building Automation, and Emergency Power Systems. Our core markets are commercial, industrial, and institutional facilities. Fidelity BSG leaders are some of the most highly regarded individuals in the service, construction, and engineering communities. Collectively, we share a commitment to advancing the cause of building energy efficiencies, sustainable energy solutions, and service excellence.

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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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