The M&A specialist, Benchmark International has successfully negotiated the sale of Uniform Sales of America, Inc. to a high net worth individual.
Uniform Sales of America is located in Lithia Springs, GA, a suburb of Atlanta, GA. The company is a business-to-business provider of personalized uniforms and accessories to companies and government agencies. Benchmark International secured a multiple of 7.56X EBITDA for the seller; a ratio higher than what is typical in the industry.
The seller interviewed four or five other intermediaries prior to engaging Benchmark, but choose Benchmark International over the others because of its global reach, proven track record, professionalism, marketing vision, and approach to valuation. Benchmark did not put a cap on the valuation and the seller knew that the sky was the limit.
Confidentially was important to the client because the seller wanted to divulge a potential deal to others only when the time was right. Thus, Benchmark represented the client confidentially, but left no stone unturned when it came to marketing strategies.
When the opportunity went to market, there was immediate interest. Benchmark’s team narrowed the interest down to three or four offers. Benchmark presented the details of each offer to the seller and the team handled all negotiations on behalf of the seller. Benchmark’s expertise was comforting for the seller. The team maximized value for the seller, brought the deal together quickly and minimized interruption to the daily operations of the business.
After spending 30 years building the business, the seller will be enjoying retirement and spending time with his new grandson. Benchmark wishes the seller a happy and satisfying retirement and offers the best of luck to the new owner.
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkCorporate.com
Europe: Carl Settle at +44 (0)161 359 4400 / Settle@BenchmarkCorporate.com
Africa: Anthony McCardle at +2721 300 2055 / McCardle@BenchmarkCorporate.com