Acting on behalf of Tee Times USA Inc (TeeTimesusa.com) and its shareholders of Flagler Beach, Florida, USA, global company sales specialist, Benchmark International, successfully facilitated the sale of Tee Times to two owner operators, Adam Wachter and Marc Bender. The transaction was completed with a growth strategy in mind.
TeeTimesusa.com was founded 22 years ago. The company was established for customers to arrange tee times and to receive unbiased advice on golf courses to play throughout Florida. Teetimesusa.com has grown to one of the largest golf package tour operators worldwide and a leader in the state of Florida. The company has booked millions of rounds of golf for hundreds of thousands of golfers in Florida and has access to more than 350 golf courses in the state.
The previous shareholders and the experienced staff will continue to be available to help book customer’s trips and provide the superior advice customers have come to love. The acquisition is a great opportunity for TeeTimesusa.com to expand their operations and services.
Benchmark International director, Kendall Stafford, stated, “I am delighted that Adam and Marc were the acquiring parties. Our client desired an acquisition that would have a positive impact on their employees, customers, and business in general. From the first meeting, the two parties identified that they would work well together and were motivated to complete the acquisition. My team and I enjoyed working on this transaction.”
Benchmark was able to produce competitive tension between three buyers, but the shareholders’ primary concern was cultural fit. The bids ranged in value and structure, including one that was higher than the chosen offer, however, the shareholders believe that Adam and Marc were the correct individuals to facilitate the growth of the Company and continue to deliver its founding mission and vision.