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The DAK Group, a leading investment bank specializing in middle-market M&A and restructuring, announces the sale of its client Video Corporation of America (“VCA”), located in Somerset, NJ to York Telecom Corporation (“Yorktel”), an Eatontown, NJ-based provider of workplace communication and collaboration solutions. The DAK Group served as the exclusive investment banker to VCA. “VCA’s products, services and talent are a natural fit for Yorktel. We are excited to watch the continued success of the business under Yorktel’s ownership,” stated Ari Fuchs, Managing Director, who led the deal team along with Sheon Karol, Managing Director, and Melvyn Peters, Vice President. DAK ran a marketing process that resulted in Yorktel being selected as the stalking horse and ultimately the successful bidder in a 363-sale. Yorktel, through a newly formed, wholly owned subsidiary York-VCA, LLC, purchased substantially all of VCA’s assets. “Working with our client, we ensured the continuation of a business that had experienced a downturn by identifying the underlying value of the business and then made a strategic decision to run the sale through a Chapter 11 filing”, said Sheon Karol. The VCA transaction demonstrates DAK’s unique ability to achieve success for its clients by combining deep sector experience with restructuring expertise. Leveraging its sector knowledge and expertise, DAK tapped into its extensive base of middle market contacts to find a buyer for whom these assets were of particular value and achieved a successful sale in which all stakeholders benefitted. “I am delighted to have the opportunity to bring the team at VCA over to Yorktel,” commented Dave Berlin, President, VCA. “Both our companies share the same values, long history, and commitment to customer success. I am proud to be able to bring VCA’s legacy of technical innovation, deep domain expertise and strong customer relationships to Yorktel.” "With very little overlap in our respective customer portfolios, the team at VCA brings extensive experience in audio and video systems integration that will enhance Yorktel’s existing capabilities, including engineering, fabrication, field resources, digital signage, and help desk support,” said Ken Scaturro, President and COO, Yorktel. “In turn, VCA’s customers will now be able to receive a broader suite of services, including managed conferencing services to include monitoring and alarming, media services and a full suite of staff augmentation skill sets”. Founded in 1972, VCA has had a long and successful history providing Audio Visual, Post-Production and Broadcast, Digital Signage, and Unified Communications solutions and support services for some of the most prestigious organizations in the world.