The DAK Group, a leading investment bank specializing in middle-market mergers and acquisitions worldwide, announces the sale of its client Refrig-It Warehouse, headquartered in South Kearny, NJ, to Tilia Holdings.
The DAK Group served as the exclusive investment banker and financial advisor to Refrig-It initiating and managing the divestiture process.
“Refrig–It’s owners have gained a strategic partner to help accelerate their industry leadership position, while simultaneously monetizing the exceptional business they have built.” stated Alan Scharfstein, President of The DAK Group.
This transaction capitalizes on Refrig-It’s leadership position in the storage and handling of nuts, grains and dried fruits. For over 25 years Refrig-It has provided customers with a full suite of third party warehousing and logistics services, in a temperature controlled and specialty handling environment.
Tilia Holdings is a mission-driven private investment firm focused exclusively on building distinctive middle-market companies that provide outsourced, technical services across the global food supply chain. This acquisition enhances Tilia’s capabilities and mission of making the food chain safe, nutritious and sustainable.