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Outsiders Take Away Family Business “X Factor”, Says Timpson

In a recent Telegraph column, John Timpson, fourth generation chairman of multi-service retailer Timpson, criticised the idea of bringing outside professional managers into family businesses, stating they are at risk of losing their “x factor”.

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Benchmark International Facilitated The Transaction of Central Emergency Medical Services Inc. to Priority Ambulance

Posted on August 28, 2015 By in Blog + Deal completions

Benchmark International has successfully negotiated the sale of Central Emergency Medical Services to Priority Ambulance, a portfolio company of Enhanced Equity Funds. The transaction represents the conjoining of two of the strongest players in the EMS industry in the Southeast US.

Based in Atlanta, Central EMS provides advanced life support, basic life support, critical care and nonemergency transport options from 13 stations throughout the state. Eight stations are located in the Atlanta metro area and its surrounding counties. Central EMS also serves Northeast Georgia from an Athens location; Central Georgia from Macon, Dublin and Newnan stations; and Southeast Georgia from a station in Savannah.

Central EMS transports approximately 50,000 patients annually with 77 ambulances. The company specializes in ambulance transport service between hospitals and other health care facilities, assisted living facilities, skilled nursing facilities and long distance transports, as well as contracts for special event medical coverage. Central EMS currently employs more than 340 EMTs, paramedics, communication and billing specialists.

 

Ready to explore your exit and growth options?

 

Based in Knoxville, Tenn., Priority Ambulance provides the highest level of clinical excellence in emergency and nonemergency medical care to the communities it serves. Throughout its national service area, more than 1,000 highly trained paramedics and EMTs staff more than 170 state-of-the-art ambulances with the latest medical equipment and technology.

Priority Ambulance provides emergency and nonemergency medical transport options to communities in Tennessee, Alabama, New York, Pennsylvania, Indiana and Georgia. Operating as Priority Ambulance, the company serves Knox, Loudon and Blount counties in East Tennessee. Priority Ambulance operates as Kunkel Ambulance in Utica, New York; as Trans Am Ambulance in Olean, New York; as Shoals Ambulance in Alabama; as Seals Ambulance in Indiana; and as Central EMS in Georgia.

Dara Shareef, Director at Benchmark International, stated, “It was a pleasure to represent Central Emergency Medical Services in this transaction. Combining management teams with hundreds of years of experience, backed by a strong private equity investor we believe the partnership with Priority Ambulance will be extremely successful within the EMS industry. We wish both parties the best of luck moving forward.”

 

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Graham Woodard, Senior Associate at Benchmark International, stated, “Benchmark’s ability to create a competitive bid process for our client was instrumental in this transaction. At the end of the day, we believe our client found the perfect fit to continue and grow in the EMS industry and preserve a merited legacy.”

Central Emergency Medical Services Founder and CEO, Gary Coker, stated, “I am extremely pleased with the partnership that we have developed with Priority under the guidance of Benchmark International. I believe that the Central EMS and Priority Ambulance combined management teams will be able to deliver powerful results within the industry. I would like to thank all the members of the Benchmark International transaction team that worked diligently to produce this result and feel strongly we could not have achieved this without them by my side every step of the way.”

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Preparing for a Transaction – Expect the unexpected

In many cases, mid-market business owners and entrepreneurs, like you, only go through the mergers and acquisitions process once in a lifetime. It’s difficult to know what to expect from a transaction, and business owners often, unknowingly, limit their chances of achieving an ideal outcome for what will likely be the biggest deal of their lives.

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M&A heating up over the summer

Posted on August 15, 2015 By in Blog

The 2015 summer so far has seen an unprecedented ‘heat wave’ across the M&A industry. Despite many business owners and acquirers packing their bags to jet off on their holidays, deal activity remains robust. By September proposed global M&A deals could reach a trillion dollars, beating the previous high in 2007.

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Tags: Blog

BSW Consulting (Exeter) Limited acquired by Parkwood Consultancy Services Limited

Posted on August 14, 2015 By in Deal completions

Benchmark International has advised on the successful sale of BSW Consulting (Exeter) Limited (BSW) to Parkwood Consultancy Services Limited (PCS) for an undisclosed sum.

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Protean Software acquired by Foresight Group

Benchmark International is delighted to announce the successful sale of Protean Software Limited (Protean) to Foresight Group (Foresight) in a £4 million deal.

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Managed Fleet Services acquired by The Davies Group

Benchmark International is pleased to announce the successful sale of Managed Fleet Services Limited (MFSL) to The Davies Group for an undisclosed sum.

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Blood is Thicker than Water: Exiting Family Business

According to PwC’s latest Global Family Business Survey, only 16% of the 2,378 businesses interviewed had a documented succession plan in place.  It is particularly important for those involved in a family business to consider an exit strategy at the earliest possible stage, especially as the Business Families Foundation reports that only 13% of family businesses make it to the third generation.

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Safety & Technical Hydraulics Limited acquired by ATR Group

Benchmark International has advised on the successful sale of Safety & Technical Hydraulics Limited (Safety & Technical) to ATR Group (ATR) for an undisclosed sum.

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UK Budget July 2015: What this means for your business

Posted on July 10, 2015 By in UK + Budget + Business + Uncategorized

"The British economy I report on today is fundamentally stronger than it was five years ago. We're growing faster than any other major advanced economy. Our businesses have created two million more jobs" – these were the words from Chancellor of the Exchequer, George Osborne, as he gave the first Conservative Budget since May’s General Election victory.

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Top tips for preparing to sell your IT business

Oculus, the virtual subsidiary of Facebook, has purchased British firm Surreal Vision as part of a drive to acquire virtual reality-focused businesses. The team at Surreal Vision is said to be moving to Washington to work at the Oculus lab. So how do small IT businesses get on the radar of the bigger companies if their owners have acquisition on their mind? Here are some top tips for you if you are considering selling your IT business and want to ensure that you attract the best buyers.

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The Canopy Company acquired by Acme Facilities Group

Benchmark International has advised on the successful sale of The Canopy Company Limited (The Canopy Company) to Acme Facilities Group Limited (Acme Group) for an undisclosed sum.

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Record month at Benchmark International

June saw Benchmark International complete a record month, generating in excess of $11 million (£7 million) in actual company revenue, across 14 deals completed. The combined transaction values totalling in excess of $360 million (£235 million).

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Deal values rise despite a drop in merger and acquisition volumes

A report recently released by Experian has indicated that the volume of merger and acquisition transactions across the UK, Europe, USA and Asia Pacific region dropped by 8% in April 2015. The total number of deals fell from 1,838 in March of this year, to 1,787 in April.

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Building your business and getting the most out of deal values

It was Steve Jobs of Apple who once said: "Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. If you haven't found it yet, keep looking. Don't settle. As with all matters of the heart, you'll know when you find it."

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Benchmark International wins the ‘International Mid-Market Corporate Finance Advisory of the Year’ award for a second year running

In recognition of recent efforts, Benchmark International is the proud recipient of the ‘International – Mid-Market Corporate Finance Advisory of the Year’ award for a second year running at the ACQ Global Awards 2015.

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Benchmark International winner at AI M&A Awards

Benchmark International is delighted to announce it has been named winner of the AI M&A Awards ‘Best for Acquisition Strategy 2015 - UK’ at the Acquisition International Awards 2015.

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Industry Outlook: Telecommunications

Posted on July 2, 2015 By in Blog

As digital technology has changed the way in which the UK population communicates, the telecommunications industry has had to adapt and diversify its services to remain relevant.

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Tags: Blog

The Art of Due Diligence - Part 3

Best practises for classifying and producing due diligence materials

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Benchmark International Advises on the Sale of Complete Limited to Sparks Commercial Services

Benchmark International is pleased to announce the sale of Complete Limited to Sparks Commercial Services.

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Benchmark International nominated at Awwwards event

Posted on June 23, 2015 By in Blog + #BenchmarkAwards

Benchmark International is delighted to announce that our new website has been nominated for this year’s prestigious Awwwards prize, following our successful rebranding earlier this year.

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Benchmark International opens Oxfordshire office

Posted on June 22, 2015 By in Blog + OxfordOfficeNews

At Benchmark International, we’re proud to be celebrating an exciting year of strategic growth and an increase in headcount by opening brand new offices in Milton Park, Oxfordshire.

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Arblaster & Clarke acquired by Specialist Tours Limited

Posted on June 19, 2015 By in Deal completions

Benchmark International is delighted to announce the successful sale of Arblaster & Clarke Wine Tours Limited (Arblaster) to Specialist Tours Limited (Specialist Tours) for an undisclosed sum.

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Benchmark International Facilitates the Transaction of RX30 to GTCR

Posted on June 18, 2015 By in Deal completions

Strategic Investment in Leading Developer of Pharmacy Management Software

Benchmark International’s Major Transaction Team had the opportunity to represent Transaction Data Systems, Inc., doing business as Rx30 ("Rx30"), in a transaction with new investor GTCR completed on Monday. GTCR’s strategic equity investment in Rx30 will accelerate Rx30’s new product development and continued growth. Rx30's CEO, Steve Wubker, and the existing management team will continue to lead the company.

Rx30 is a leading national developer and supplier of vertical enterprise software that offers pharmacy management software solutions to the independent, hospital, long-term care and specialty pharmacy markets. Dedicated to the independent pharmacy market for the last 35 years, Rx30 offers a suite of market-leading software solutions to enable prescription filling, pharmacy management and other critical functions for its pharmacist customers.

Kendall Stafford, Managing Director of Benchmark International, stated, “It was a pleasure to advise Rx30 on this transaction. It was important for CEO Steve Wubker and the existing management team to partner with an equity investor that would add both healthcare and technology expertise to help accelerate the growth of the company. GTCR was the perfect fit. The transaction allowed the founding shareholders to exit happily at close, knowing their company is in good hands, with the existing management team continuing to grow the business and a new equity partnership in place to support their vision. It will be an exciting road forward for Rx30 and we were fortunate to be a part of the company’s growth and starting this next chapter. We wish each party the best of luck.”

If you are considering a strategic partnership or exit, Benchmark International should be your first call.

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Systems Up acquired by iomart Group

Posted on June 17, 2015 By in Deal completions

Benchmark International is delighted to announce the successful sale of Systems Up Limited (SystemsUp) to iomart Group plc (iomart) in a deal worth up to £13 million.

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Mergers & Acquisitions following the General Election

Posted on June 16, 2015 By in Uncategorized

The dust is finally settling on the post-election period. The build up to the election was marked by low levels of activity prompted by uncertainty for investors, so recent ONS statistics delivering the news that Q1 of 2015 had historically low-levels of M&A activity in the UK should come as no surprise. As the Conservative party has secured its first majority for over two decades and is poised to deliver their first budget next month on the 8th July, Benchmark International reviews the press to see what business publications are saying about UK M&A activity in light of the Tory victory.

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The Art of Due Diligence - Part 2

The biggest fear for any buyer in an M&A transaction is purchasing a problem rather than a solution.

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The Art of Due Diligence - Part 1

This is the first of three blogs that will give you, the business owner looking to sell your company, an insight into the art of due diligence and its important in the M&A process.

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10 steps to maximise the value and saleability of your business - Step 10

Throughout our 10 blog series, we have discussed the different processes and stages recommended for you, a business owner, to take that could make your company more valuable and saleable.

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Benchmark International Advises on the Sale of Yeovil Plumbing Supplies Limited to the Bradfords Group

Benchmark International is pleased to announce the sale of Yeovil Plumbing Supplies Limited to the Bradfords Group.

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General Election – what does a Conservative government mean for your business?

Posted on May 12, 2015 By in Blog

David Cameron has vowed to lead a government for “one nation” and will make “Great Britain greater” after securing the 326 seats needed for the first majority Conservative government since 1992.

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Tags: Blog

10 steps to maximise the value and saleability of your business - Step 9

In our penultimate blog we will discuss legal issues in your business, and the importance of tackling them.

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Academy Design & Technology Services acquired by Integrity Trade Services Inc.

Posted on May 5, 2015 By in Deal completions

Benchmark International is pleased to announce the successful sale of Academy Design & Technology Services (Academy Design) to Integrity Trade Services Inc. (Integrity) in a deal for an undisclosed sum.

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AF Cruden Associates acquired by Arch Henderson

Posted on April 27, 2015 By in Deal completions

Benchmark International is delighted to announce the successful sale of AF Cruden Associates Limited (AF Cruden), to Arch Henderson LLP (Arch Henderson) for an undisclosed fee.

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Benchmark International advises proposed sale of W. Corbett & Co. (Galvanizing) to Hill & Smith Holdings

Posted on April 24, 2015 By in Blog

Benchmark International is delighted to announce the proposed sale of W. Corbett & Co. (Galvanizing) Limited (W. Corbett) to Hill & Smith Holdings PLC (Hill & Smith) in a deal valued at £10.5 million on an Enterprise Value basis.

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Tags: Blog

Cross-border transactions to boost the M&A Market in 2015

Posted on April 22, 2015 By in Blog

A recent survey suggests that circa 60% of UK companies are planning to acquire assets over the next 12 months, with the appetite for cross-border transactions at an all-time high.

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Tags: Blog

Benchmark International to help a local university in the Clinton Foundation’s Hult Prize Competition

Posted on April 21, 2015 By in Blog + #BenchmarkGivesBack

Benchmark International’s US team has stepped up efforts to help a local university competing in the Clinton Foundation’s Hult Prize Competition, encouraging students to form profitable businesses that provide social good through health care and education for those living in poverty. The judges, including Bill Clinton, will determine the ultimate winner based upon the viability of the business and the degree to which the targeted social benefits appear achievable.

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Tandem’s Pre-tax profits up following acquisition

Posted on April 17, 2015 By in Blog

Following the successful acquisition of a business represented by Benchmark International’s UK Transaction team, a Castle Bromwich-based company has posted substantially improved pre-tax profits of £1.7m, compared to £16,000 in 2013.

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Tags: Blog

10 steps to maximise the value and saleability of your business – Step 8

In the final three instalments of our 10 blog series, we will discuss running your business as though selling is not a necessity, tackling problems that may lead to legal disputes and the importance of first impressions of your company. 

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Seven Seas acquired by private investor

Posted on April 15, 2015 By in Deal completions

Benchmark International is delighted to announce the successful sale of Seven Seas Logistics Limited (7seas) to a private buyer, for an undisclosed fee.

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