Keystone Capital Management, L.P. (“Keystone”) is pleased to announce that its portfolio company VDA, Inc. (“VDA”), a market leader in providing technical consulting and inspection services to the elevator and vertical transportation industry, has acquired Sierra Consulting Group (“Sierra”).
Sierra represents the first add-on acquisition completed by VDA since initially partnering with Keystone. “Sierra adds significant capability to VDA’s mandated inspection and modernization consulting capabilities,” commented Jason Van Zant, Managing Director of Keystone. “We look forward to having Joe Caracappa and his leadership team join the exceptional leadership team at VDA.”
Completed in November 2021, VDA represents Keystone’s fifth platform investment in the building sciences consulting and engineering services industry. VDA is actively seeking add-on acquisition opportunities in the building sciences consulting and inspection industry. Parties with knowledge of relevant potential investment opportunities are encouraged to contact Keystone.
About VDA
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 www.vdassoc.com.
About Sierra
Sierra Consulting Group is a full-service elevator and escalator consulting company, providing inspection witnessing, advisory and project management services to building owners and property management firms overseeing residential and commercial buildings throughout metropolitan New York. Founded in 2004 by industry veteran Joseph Caracappa, the Company provides technical expertise on various job types ranging from witnessing inspections as an impartial third party, to evaluating and managing comprehensive vertical transportation modernization projects.
Contact Information
Jason Van Zant
(312) 219-7974
jvanzant@keystonecapital.com
Sean Lyons
(312) 219-7967
slyons@keystonecapital.com
