Rochelle Park, NJ – The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Strong Man Safety Products, headquartered in Pompton Plains, NJ to an affiliate of PearlWeave Netting Corp. of New Rochelle, NY.
The DAK Group served as the exclusive investment banker and financial advisor to Strong Man initiating and managing the process.
“The owners of Strong Man have built an extraordinary business. With this strategic transaction they have been able to monetize their lifelong investment, while gaining a strategic partner to help them accelerate growth.” stated Elyse Greenbaum, Director who led this transaction along with Marvin Ma, Senior Associate.
This transaction capitalizes on Strong Man’s leadership position as a nationwide manufacturer and distributor of safety and building products; ranking as the nation’s # 1 supplier of debris netting, weather enclosures, fall protection, & containment products. Since 1974, this family run business has built a formidable reputation for delivering high performance products and industry leading customer service.
Under the terms of the deal, Strong Man will operate independently with management, personnel, and distribution centers remaining intact. The strategic partnership with PearlWeave will provide a wider range of products for existing customers as well as access to new markets. Additionally, collaboration between the two companies will help both businesses realize synergies in manufacturing and distribution.
Robert Giannetti, President of Strong Man stated “We are thrilled about the opportunity to join forces with the PearlWeave Netting team. This union will allow us to accelerate our vision for growth with a partner that shares the same business philosophies of delivering premium quality products and always putting the needs of the customer first.”
“We are extremely excited to welcome Strong Man to the PearlWeave family. Both companies share the same long-term family history, core values, and dedication to the safety and construction industry. We believe that this union will unlock significant benefits for our customers, vendors and employees for many years to come.” – Larry Greenberg, President and CEO.
About DAK
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 Group is headquartered in Rochelle Park, NJ.
About Strong Man Safety Products
www.strongman.com
Strong Man Safety Products is the leading manufacturer of weather, containment and debris enclosures for all seasons and applications. If you can build it, our products can enclose it – safely. Strong Man is a national distributor of job-site safety products that protect workers & pedestrians from falling debris. Our products: Debris & Scaffold Netting, Snow Removal Tarps, Demo Tarps, Construction & Specialty Tarps, Scaffold Wrap, Vapor/Gas/Moisture Barriers, Reinforced Poly: 6 & 10 Mil, Printed Architectural Mesh, Strong Block Containment Nets, Strong Net Skylight Covers, Strong Lift Cargo Nets, Personnel Safety Nets & Perimeter Systems, Privacy Screen/Visual Barriers, Curing Blankets & Accessories & Fasteners. Stock & custom sizes are available for many products. Safety & Service: With Strong Man, you get both.
About PearlWeave Netting Corporation
www.pearlweave.com
PearlWeave has over 60 years of experience in net manufacturing and fabrication, serving the safety, construction, and sports industries out of a 110,000 square foot facility in New Rochelle, NY. As a primary manufacturer, PearlWeave is vertically integrated with the capability to manufacture its own twine and netting from premium raw materials. The company is family owned and operated, leveraging decades of experience to provide reliable and high-quality products for the best value. PearlWeave’s safety netting solutions meet or exceed OSHA regulations and are tested to ANSI certification.
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