Benchmark International has successfully facilitated a transaction between Mount Pleasant, South Carolina-based Lodging Source, LLC, and Washington, DC-based Olifant Legacy.
Lodging Source is a hotel booking service specializing in corporate and extended-stay lodging. Each of the company’s clients is assigned a travel manager responsible for sourcing hotels, negotiating rates, and managing reservations. Lodging Source differentiates itself through its “no fee” model and customizable approach with clients, integrating as a part of its team to optimize the booking process and provide the precise services each client requires.
Daniel Angel founded Olifant Legacy in 2022 to house a single company’s acquisition and subsequent growth. Before forming Olifant, Mr. Angel was at Crystal Rock Capital Management, covering industries including transportation, automotive, financials and energy.
“Lodging Source is a great example of a team of entrepreneurs identifying a gap in the market – in this case, a service gap in commercial hotel booking – and exploiting it through ingenuity, hard work, and constant attention to the customer experience. It’s only fitting that a buyer with a similar scrappy profile, a single-acquisition vehicle helmed by a young entrepreneur, is taking the reins of this great firm.” - Senior Transaction Director William Sullivan, Benchmark International
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@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 $10 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 Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook’s Global League Tables.