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Located in Rochelle Park DAK Groupa leading investment bank focused on middle-market mergers and acquisitions, recently announced that Kenneth J. Sole & Associates, headquartered in Holbrook, New York, has been acquired by Strategic Resource Management, headquartered in Memphis, Tennessee, with resources in North America and Europe.
DAK Group served as exclusive financial advisor to Kenneth J. Sole & Associates and led a competitive process that attracted interest from strategic and financial investors; ultimately, SRM emerged as the ideal partner.
“The owners of KJS have built a remarkable business. Through this strategic transaction, they have successfully leveraged their lifetime investment and gained a strategic partner to continue the growth trajectory,” said Michael Richmond, managing director of DAK Group. Richmond led the transaction with director Jonathan Roth and partner Mark LaVilla.
The acquisition comes at a time of growing demand for technology partners who can help financial institutions adopt and operate modern core banking systems. With this acquisition, SRM, a leading provider of contract, strategic payments and technology consulting services, expands its services to core systems optimization and transformation support.
“In recent years, I have worked closely with the team and SRM and have seen their willingness to go the extra mile for their clients. I am excited that the business I have built will now become an integral part of the SRM solution,” said Ken Sole, President of KJS. “I look forward to working with SRM’s executive team to transform our proven approach into a force multiplier for the business.”
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