Benchmark International is delighted to announce that the sale of County Antrim-based ventilation systems installer RGM Vent, where Benchmark International acted as lead adviser to the sellers, won Deal of the Year at the Insider Northern Ireland Dealmaker Awards.
The deal was deemed significant as Benchmark International’s Transaction Team maximised value for RGM Vent and maintained excellent relationships with the client, resulting in four referrals from the client and accountant to date, as well as a testimonial from CEO at RGM Vent, Raymond Murphy:
“March 2019 was the day I had my initial meeting with Benchmark and from the moment I met Nick and Jonathon I knew I was making the correct decision in going with Benchmark Int.
Jonathon was my key point of contact and he was backed by Alex, the process went great throughout and I would definitely recommend Benchmark.”
The team overcame several complexities during the deal surrounding due diligence, tax advice, restructuring, and differing shareholder aspirations.
The transaction also proved significant for the region. Public sector spending on infrastructure, including fire and safety solutions, has been highlighted as a key tool to stimulate economic recovery post COVID-19. With the deal increasing RGM Vent’s market share substantially and increasing the scale of its operations across the UK and Ireland, the company, with the buyer’s backing, will be contributing to the region’s economic recovery and has led to an increase in staff employed across the region.
The support of the buyer will also increase RGM’s profile and allow them to tender to both larger projects and capitalise on additional work available in mainland UK, utilising the resources and infrastructure of the Northern Irish operation.
Benchmark International worked closely on the deal with RGM Vent’s legal adviser, Belfast-based Edwards & Co, and accountancy and tax adviser, PKF-FPM, also based in Belfast.
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com
Africa: Anthony McCardle at +27 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-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $8.25B across various industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 14 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.