Keystone Capital Announces Partnership with VDA
December 2021

Keystone Capital Management, L.P. (“Keystone”) is pleased to announce it has completed an investment partnership with VDA, Inc. (“VDA” or “the Company”), a market leader in providing technical consulting and inspection services to the elevator and vertical transportation (“VT”) industry.

VDA’s client base includes leading real estate owners, developers and end users across the United States. Operating over a history spanning 40+ years, VDA is headquartered in East Hanover, NJ and has grown to include 30+ offices across the country. VDA specializes in all types of vertical transportation services, including elevator/escalator/lift modernization, new construction, maintenance evaluations, mandated inspections, and general consulting for a variety of end markets. For more information on VDA, visit

“Our partnership with Keystone could not have been completed at a better time,” remarked Mike Smith, CEO of VDA. “We believe there is great opportunity for further growth and consolidation in our market, and that with Keystone, VDA is well positioned to play a leadership role in this consolidation.”

Rob Cuzzi, President of VDA, added: “We envision expanding VDA’s capabilities beyond our core services into complimentary consulting services valued by our clients. With the long-term and patient model that Keystone espouses, we will be even better positioned to capitalize on these opportunities.”

VDA represents Keystone’s fifth platform investment in the building sciences consulting and engineering services industry. “VDA is an ideal fit with Keystone’s experience in the building sciences and inspection industries,” commented Jason Van Zant, Managing Director of Keystone Capital. “We are proud to be associated with VDA, a long-standing leader in the vertical transportation consulting market, and look forward to further our shared goal of building on VDA’s successful legacy.”

VDA will be actively seeking acquisition opportunities in the building sciences consulting and inspection industry as add-on acquisitions. Parties with knowledge of relevant potential investment opportunities are encouraged to contact Keystone.

Terms of the transaction are not being disclosed. Senior debt financing was provided by CIBC Bank USA and legal counsel was provided by Honigman Miller Schwartz and Cohn, LLP.

Contact Information

Jason Van Zant
(312) 219-7974

Sean Lyons
(312) 219-7967