Benchmark International

Benchmark International is pleased to announce the acquisition of Boiler and Industrial Plant (Pty) Ltd by Entruevest Holdings (Pty) Ltd - A Diversified Investment Holding Company.

Boiler and Industrial Plant (Pty) Ltd is an engineering company specializing in supplying, refurbishing, installing, and maintaining boilers and bulk hot water systems for industrial heating requirements, as well as the associated piping, electrical, and structural steelwork.

Established in 1974, the company has a solid reputation for service excellence and turnkey installations, with a proven history of successful projects. Acquiring Boiler and Industrial Plant (Pty) Ltd will enable immediate access to new business based on this strong reputation and history, as well as the technical skills and staff volumes needed to drive future growth.

Speaking on behalf of Boiler and Industrial Plant (Pty) Ltd, Bryan Swanepoel said: “This transaction is going to open new doors towards Boiler and Industrial Plant (Pty) Ltd, continuing its growth trend and being a market leader. This transaction could not have happened without the extremely professional, personal, and supportive dealings provided by the Benchmark International team.”

Entruevest Holdings (Pty) Ltd, based in Johannesburg, acquires and builds leading small to medium-sized businesses throughout Southern Africa. They are dedicated to cementing the legacy of former business owners, supporting their next-generation management teams, and contributing towards developing the communities in which their businesses operate.

Entruevest Holdings (Pty) Ltd is a proudly South African company that embraces Broad-Based Black Economic Empowerment by facilitating meaningful participation in the different sectors of the South African economy. The company boasts a diverse shareholding structure and includes black female ownership.

Commenting on the transaction, Jacques Marx from Entruevest Holdings (Pty) Ltd added: “It is a privilege to welcome Bryan and his team at Boiler and Industrial Plant (Pty) Ltd to the Entruevest Holdings (Pty) Ltd family. While Boiler and Industrial Plant (Pty) Ltd’s incredible track record and history speak for itself, the great culture fit and ease of engagement between all parties from day one really drew our attention. We are very excited to be assisting the management team with the execution of its growth vision for the company and look forward to further entrenching the business as a significant player within the Boiler and hot water systems industry in Southern Africa. We are grateful to Tiaan and the Benchmark International team for the successful introduction to Boiler and Industrial Plant (Pty) Ltd as well as the professional manner in which the transaction was facilitated.”

Tiaan Smit, Transaction Director, representing Benchmark International’s South African office, added, “We would like to extend heartfelt congratulations to Bryan on the successful sale of his business. We had the pleasure of working closely with Bryan and his team to navigate the complex process of selling his business, and we are thrilled to see it come to fruition. We are confident that the new owner will continue to build on the strong foundation that has been established and take the business to new heights. We would like to extend our sincere gratitude to the acquirer for their professionalism and cooperation throughout the process. We are grateful for the productive partnership we have formed with the buyer, resulting in a mutually beneficial outcome. We wish both parties all the best in their future endeavors.”

Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com

Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com

Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com 

ABOUT BENCHMARK INTERNATIONAL:

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $8.25 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the #1 Sell-side, Privately Owned M&A Advisor in the World by Pitchbook’s Global League Tables.

Website: http://www.benchmarkintl.com
Blog: https://blog.benchmarkcorporate.com

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