DAK Announces Sale of La Cena Fine Foods, Ltd to Diaz Foods

DAK served as exclusive investment banker and financial advisor to La Cena, initiating the transaction and managing the divestiture process. The transaction capitalizes on La Cena’s long history of building a high-quality, branded Caribbean food line throughout the northeast while simultaneously expanding its distribution network throughout the southeastern United States.

The acquisition marks a significant step in the expansion strategy of Diaz Foods, a privately-held company with over $200 million in revenue. Diaz is planning to introduce the La Cena family of brands into its existing distribution network of more than 24 states. At the same time, Diaz will introduce its 5,000 product offerings throughout the northeast.

La Cena offers the perfect complement to the brands that Diaz Foods already carries,” said Diaz Foods’ president and CEO, Rene Diaz. “Introducing the La Cena family of brands and expanding the distribution area will allow us to continue to offer superior products and service to all of our customers, including those in the New England region.”

“We are pleased to have delivered significant value to La Cena’s ownership using our unique worldwide, proprietary process to identify the right buyer,” said Alan Scharfstein, President of DAK. “This strategic acquisition is a tremendous opportunity for a deeper penetration of La Cena’s branded products into the marketplace, and is a great fit with Diaz’s plans for growth.”

The successful sale of La Cena to Diaz Foods was a result of a highly competitive process initiated by DAK, who identified the strategic and complementary fit between the two companies.

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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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