Rochelle Park, NJ – DAK, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces that its client VCI Emergency Vehicle Specialists, an emergency vehicle dealer and services provider, has been recapitalized by Tightrope Capital Partners and NewSpring Capital. DAK served as the investment banker and financial advisor to VCI initiating and managing the entire process.
The owners of VCI have capitalized on its solid industry reputation of delivering high quality service to its mission critical clients. With this strategic transaction they have been able to monetize their lifelong investment, while gaining a strategic partner to help them accelerate their vision of growth.” stated Mike Richmond, Managing Director, who along with Melvyn Peters, Vice President, and Mark LaVilla, Analyst, engineered this transaction.”
This strategic transaction leverages VCI’s deep commitment and single focus of bringing ambulances and solutions to the emergency services community. VCI is recognized as a preeminent, full lifecycle sales and service provider of emergency ambulance solutions for EMS, hospital organizations, fire departments, first aid squads, and private medical transport companies throughout the Mid-Atlantic Region. With this investment Tightrope Capital Partners and NewSpring Capital will leverage VCI’s solid foundation and aid in the execution of its growth strategy.
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 throughout the country.
About VCI Emergency Vehicle Specialists
For 40 years, VCI Emergency Vehicle Specialists has been selling new ambulances to local municipalities/governments, Fire Departments, EMS organizations, First Aid Squads, and private medical transport companies. Its team of highly experienced emergency vehicle consultants are able to customize a Horton, AEV, Medix, or Leader ambulance to suit customers’ needs and budget. VCI’s offices are strategically located in Berlin and South Plainfield, NJ; Long Island, NY; and Pittston, PA.
About Tightrope Capital Partners
Tightrope Capital Partners (“Tightrope”) is a private investment firm established to seek investment opportunities in lower middle market companies. Tightrope targets situations that capitalize on our successful history of walking the tightrope needed to invest, operate, and grow lower middle market companies through multiple economic cycles. They seek to partner with entrepreneurs, business owners, and management teams to execute growth strategies and build value within a culture of collaboration, integrity, and trust.
About NewSpring Capital
NewSpring Capital partners with lower-middle market companies to create measurable value for business owners and Limited Partners. They foster deep and enduring relationships, hold themselves to the highest standards, and align their goals and values with entrepreneurs, investors, and employees in pursuit of excellence.
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