The Rochelle Park-based DAK Group, with its keen eye for mergers and acquisitions, on Friday said its client Howard L. Zimmerman Architects & Engineers received an investment from Milrose Consultants. DAK served as the exclusive investment banker and financial adviser to HLZAE, managing the entire process.
“The owners of HLZAE have built an extraordinary company. 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,” said Alan Scharfstein, president of the DAK Group, who, along with Mike Richmond, managing director, engineered this transaction.
The strategic transaction capitalizes on HLZAE’s excellent reputation as the go-to architecture and engineering firm for exterior restoration, preservation and alteration of existing buildings and their systems in the New York metropolitan area for over 40 years. Milrose Consultants is a leading national provider of building compliance consulting solutions.
By combining forces, HLZAE and Milrose will leverage each other’s capabilities and geographic reach to better serve their clients and enhance the portfolio of services they can offer across an expanded national footprint.
“At HLZAE, we strive to always give our clients the excellent service they deserve, and this partnership is just one more way for us to do that. HLZAE’s new partnership with Milrose will open new opportunities for HLZAE and enable us to accelerate our growth in the coming years,” said Howard Zimmerman, president of HLZAE.
