The Rochelle Park-based DAK Group, an investment bank that specializes in guiding middle-market companies, on Tuesday announced it recently sold its client, Strong Man Safety Products, headquartered in Pompton Plains, to an affiliate of PearlWeave Netting Corp. of New Rochelle, New York.
The DAK Group served as the exclusive financial adviser to Strong Man, initiating and managing the process.
“The owners of Strong Man have built an extraordinary business. With this strategic transaction they have been able to monetize their lifelong investment, while gaining a strategic partner to help them accelerate growth,” said Elyse Greenbaum, the director who led this transaction along with Marvin Ma, a senior associate.
This transaction capitalizes on Strong Man’s leadership position as a nationwide manufacturer and distributor of safety and building products, ranking as the nation’s No. 1 supplier of debris netting, weather enclosures, fall protection and containment products.
Since 1974, this family-run business has built a formidable reputation for delivering high-performance products and industry-leading customer service.
Under the terms of the deal, Strong Man will operate independently, with management, personnel and distribution centers remaining intact. The strategic partnership with PearlWeave will provide a wider range of products for existing customers as well as access to new markets. Additionally, collaboration between the two companies will help both businesses realize synergies in manufacturing and distribution.
“We are thrilled about the opportunity to join forces with the PearlWeave Netting team. This union will allow us to accelerate our vision for growth with a partner that shares the same business philosophies of delivering premium quality products and always putting the needs of the customer first,” Robert Giannetti, president of Strong Man, said.
