DAK Proud to Announce Mike Richmond Appointed President of XPX NJ

Rochelle Park, NJ – DAK is proud to announce that Michael Richmond, one of DAK’s Managing Directors, has been appointed as President of the New Jersey Chapter of the Exit Planning Exchange (XPX).

XPX is an association of professional advisors that collaborate to help their privately held company clients build business value, transfer ownership, and create a legacy of success in their lives and their communities. Members are professional advisors, representing multiple professions who work collaboratively on exit planning for their business owner clients.

Richmond joined the organization 4 years ago and has been an active member taking on leadership roles including Board Membership and the Programing Committee. In the role of President, he will lead the organization and continue to build a vibrant community of advisors to privately held businesses in New Jersey.

Leading this powerful organization is a great honor and I look forward to working closely with the board and members to make this an impactful year of learning and educating so we all can continue to bring leading edge solutions to our clients” stated Mike Richmond, President, XPX.

The association is built on five core principles that all members embrace and adhere to, as they perform their duties. Richmond will ensure that programs and activities embrace these foundational principles of: Client First, Work Collaboratively, Think Long Term, Consider the Human Angle and Always Be Learning.

The NJ Chapter was established in 2017, to expand the scope of the national organization that was founded in Boston in 2007.

About DAK
DAK is a leading investment bank serving middle 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 DAK Value Accelerator is the proprietary process that allows clients to maximize the value of their business. DAK is headquartered in Rochelle Park, NJ.

About XPX NJ – Exit Planning Institute
The Exit Planning Exchange – XPX New Jersey Chapter is a local nonprofit association of diverse professional advisors collaborating to help their private company clients build business value, transfer ownership, and create a legacy of success in their lives and their communities.

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VCI – Emergency Vehicle Specialists recapitalized by Tightrope Capital & NewSpring Capital

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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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