Benchmark International is delighted to announce the sale of Gloucestershire-based Greenkey to Suffolk-based Retail Equipment.
Established in 2003, Greenkey is a trademarked brand and is an established distributor of its own brand of garden equipment, garden décor and animal habitats. The company supplies to garden centres, DIY outlets, agricultural merchants, and online retailers nationwide.
Retail Equipment is a wholesale company selling shopfittings. The acquisition is part of the company’s buy and build strategy.
The directors Jeremy and Emma Parkes will retire in six months allowing the opportunity for the new management to develop the business further.Jeremy Parkes, Greenkey’s Managing Director, said: “We are delighted to find such a good fit for the business with like-minded people, and understand that the business will continue for the foreseeable future at its existing premises with its current staff.”
Retail Equipment’s Director, Steve Newmark, said: “We’re pleased to acquire a vibrant business in an industry that affords much potential for growth. Greenkey is well placed to supply new innovative ideas to the garden products market and the two businesses have many operational synergies.”
On behalf of everyone at Benchmark International, we would like to wish both parties the very best for the future.
WE ARE READY WHEN YOU ARE
Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com
Americas: Sam Smoot at +1 813 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 (0) 21 300 2055 / McCardle@BenchmarkIntl.com
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximising solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $6B 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.