The DAK Group, an investment bank based in Rochelle Park, announced the sale of Mayflower Sales to Gen Cap America.
DAK served as the exclusive investment banker and financial adviser to Mayflower in the deal, initiating and managing the process.
“Mayflower has formed a strategic partnership to accelerate the company’s growth plans while also solidifying its position as a market leader. It is a fantastic opportunity for the owner to both monetize and ensure the legacy of the extraordinary business that his family has built.” Michael Richmond, managing director, The DAK Group, said.
The deal, DAK said, will capitalize on Mayflower’s position as a value-add distributor of physical security and storefront hardware products.
“We selected Gen Cap based on their long-standing track record of partnering with established management teams to drive continued success,” Paul Swetow, CEO of Mayflower, said.
The DAK team was led by Michael Richmond, managing director; Elyse Greenbaum, director; and Melvyn Threatt-Peters II, vice president.
“We are excited to partner with Mayflower’s top-notch management team, led by CEO Paul Swetow, in this investment. We look forward to working with the Mayflower team to further build on the company’s long track record of providing quality products and exceptional service to its customers,” Andrew Ginsberg, director, Gen Cap America, said.
