The DAK Group Receives Coveted Award for #1 Investment Bank in New Jersey From NJBIZ 2023 Reader Ranking

Rochelle Park, NJ – The DAK Group has been honored with the prestigious NJBIZ 2023 Reader Ranking Award for the #1 Investment Bank in New Jersey. This recognition is a testament to the company’s commitment to delivering high-quality mergers, acquisitions, and strategic advisory services to its clients.

Alan Scharfstein, CEO of The DAK Group, expressed his gratitude for this accolade, saying,

“This is a real honor, and we deeply appreciate the support by so many of our clients and our professional services colleagues. New Jersey has been DAK’s headquarters for nearly 40 years, and we have helped hundreds of business owners in New Jersey and throughout the United States successfully maximize the value of their companies.”

The core philosophy of The DAK Group has always revolved around building strong relationships with their clients and guiding them on ways to enhance the value of their businesses. This approach has consistently delivered exceptional results, allowing clients to maximize the value of their companies.

DAK faced stiff competition, including renowned institutions such as Goldman Sachs, Capital One, and Provident Bank. The NJBIZ 2023 Reader Ranking awards involved a rigorous 2-step selection process. The first round of nominations took place in July and early August, with readers nominating businesses in over 50 categories. The top 5 finalists in each category were then selected to advance to the next stage. Voting for the finalists ran from mid-August through September, leading to the announcement of the winners by NJBIZ on November 13. The DAK Group proudly emerged as the #1 Investment Bank in New Jersey.

This prestigious award further solidifies The DAK Group’s reputation as a leading force in the investment banking sector, specifically its commitment to excellence in Business Sales, Mergers, Acquisitions and Strategic Advisory. DAK is headquartered in Rochelle Park, NJ with locations in New York, Chicago, Philadelphia, Los Angeles and Florida.

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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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