Acting on behalf of AW Solutions (“AWS”) and its shareholders of Longwood Florida, USA, the global company sales specialist Benchmark International successfully facilitated the sale of AWS to InterCloud Systems, Inc. (“ICS”) for an undisclosed amount consisting of cash, promissory notes and InterCloud common stock plus an additional Earn-out based upon future EBITDA. The Shareholders have remained with the business and are excited by the future growth opportunity provided by the acquisition which will provide new and expanded services for our valued clients.
AW Solutions, Inc. www.awsolutionsinc.com is an outsourced infrastructure service provider to the telecommunications industry. AWS provides comprehensive, single-source solutions to design, construct, implement, operate and maintain wireless, wireline, fiber optic and DAS multi-site networks. AWS offers turn-key program management, site acquisition and property management, architectural engineering, construction management, civil construction and line/antenna installation and network engineering. AWS has offices located in the Southeast US and Puerto Rico.
InterCloud Systems, Inc. is an end-to-end solution provider of cloud and managed services, professional services, infrastructure and applications to the telecommunications industry, major corporations and governmental entities.
InterCloud’s Chief Executive Officer, Mark Munro, stated, "We are excited to welcome the world-class management team and employees of AWS to ICS. This acquisition will broaden our suite of services and add valuable new clients to both organizations. Our customers are looking for ICS to provide additional services for them and AWS will make that possible. As with all of our acquired companies, we expect to realize synergies from integrating their back office operations and cross-selling opportunities from combining our capabilities”.
Keith Hayter, CEO and majority shareholder of AWS said, “Having been involved in the sale process previously we were very careful when selecting a partner to help us with the sale of AWS. I have been delighted with the service provided by Benchmark International, Kendall and her team have worked diligently to identify the right fit for us financially and culturally and were fully engage through the entire process. We would happily recommend Benchmark International in the future”.
Benchmark International’s Global Chairman, Steven Keane, stated “AWS was a great client from day one, they were clear on their goals and remained focused throughout the sale process. Having produced a comprehensive Information Memorandum, the opportunity went live in December 2012. Benchmark International received a strong response to our marketing efforts and received five respectable bids for our clients to consider. They chose the bid that best suited their growth aspirations. AWS is a well-run organization with an impressive management team and it was a pleasure to work with them – we wish them all success in the future”.
“We have found this to be a very fertile and buoyant sector and that due to interest shown if other companies are considering their exit then now is an opportune time to discuss their options with Benchmark International”.