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The DAK Group, a leading investment bank specializing in middle market mergers and acquisitions worldwide, announces the sale of its client, West Essex Building Supply Co., Inc. Verona, NJ to Jaeger Lumber, headquartered in Union, NJ. The DAK Group served as the exclusive investment banker and financial advisor to West Essex, initiating and managing the sale process. This transaction capitalizes on West Essex’s position as a full-service building supply business with a rich 80+ year history serving contractors and individual homeowners in the lucrative Essex County, New Jersey area. “I met with the DAK team in March of 2020. We discussed my goals to sell the company by the end of the year and to protect my employees. DAK carefully formulated a customized divestiture strategy, accelerated the execution and achieved both my financial and personal goals. DAK made my dream come true and I am headed to the next stage of my life.” stated Chip Schneider, CEO, West Essex Building Supply Co. The DAK Group ran a competitive divestiture process and despite the global pandemic, garnered numerous offers, Jaeger Lumber was identified as the ideal partner, providing a similar culture and vision for growth. “West Essex’s owners have been able to monetize the exceptional business they have built, while gaining a strategic partner to help accelerate their regional leadership position. We are proud to have worked with them on this next step of their journey, particularly during this challenging period in our country.” stated Steve Raymond, Managing Director, at The DAK Group who led the transaction, along with Elyse Greenbaum, Director and Sam Walsh, Analyst.