Benchmark International is pleased to announce that a deal has been agreed for the sale of Titan New Lifts Ltd to Elevator Engineering Enterprises Ltd.
Founded in 1997, Titan adopted a particular ethos on the service, maintenance, repair and modernisation of all makes and models of vertical transportation equipment, regardless of origin or manufacturer. The company currently has an annual turnover of around £10 million, as well as healthy working relationships with their suppliers. Titan Elevators strive to provide a service which is not only good value for money, but is safe, environmentally aware and informative. The brand has been built on strength, reliability and overall customer satisfaction, something which they intend to continue pursuing as their reputation grows and grows.
Based in Hounslow, Middlesex, Elevator Engineering Enterprises Ltd. (EEE) the solutions provider offers services to all forms of requirement. As a company they pride themselves on offering support before, during and after the projects with customer service being their main objective. EEE’s target is to offer its services to the growing demand of vertical transportation solutions all over the world, with offices and warehouses in Europe, Middle East and Asia, offering solutions to resolve issues in new installations, modernisations and service and maintenance.
Benchmark International’s James Robinson was the transaction leader of this particular deal which worked out well for all involved, “We managed to find an acquirer and business partner with the most suitable set of skills and experience in the sector for our client who is very excited to what the future will bring.” James went on to conclude that, “The successful conclusion of this deal was a triumph for all concerned and now both the client and the new acquirer are able to focus on taking the company forward to new heights. Benchmark International would like to wish the client and the acquirer all the best for the future.”
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5B across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.