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Benchmark International Successfully Facilitated the Transaction Between Card Geotechnics Limited and CET Infrastructure

Benchmark International is pleased to announce the transaction between Surrey-based Card Geotechnics (CGL) and Palatine-backed CET Infrastructure.

CGL is a specialist geotechnical and geoenvironmental consultancy, providing services for a wide spectrum of ground-based challenges across the construction industry. Using advanced software, the company pioneers time and cost-effective solutions to accommodate clients’ specifications. Operating from seven locations across the UK and Ireland, the company serves clients across a range of market sectors including residential, commercial, infrastructure and energy.

CET Infrastructure is a provider of specialist geotechnical, environmental and materials testing services to the construction and engineering sector. The company is backed by mid-market investor, Palatine Private Equity.

The acquisition, the company’s largest to date, continues its buy-and-build strategy and will take annual revenues at CET Infrastructure to over £30m, as well as significantly broaden the breadth and depth of the technical services it offers to customers.

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Peter Eglinton, CEO of CET Group, says: “We are delighted to welcome the team at CGL to CET and excited about the range of skills and services that we can now offer. From the first time we met the team at CGL, we knew that we had a very similar focus around developing our staff and delivering for our customers.”

On behalf of everyone at Benchmark International, we would like to wish both parties the very best going forward.

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Benchmark International Successfully Facilitated the Transaction Between Calvin’s Electric and In Charge LLC

Calvin’s Electric is an electrical contractor that focuses on residential projects.  The company provides hardwire electric services for their clients’ projects while improving each customer’s electrical efficiency and providing electrical code compliance consulting as needed. They also offer 24-hour service for their existing customers.

Calvin’s Electric is based in Dripping Springs, a suburb of Austin, Texas, but the company services Austin and the surrounding area. They work with new home builders such as Ash Creek Homes, Brookfield Residential, Sitterle Homes, and Scott Felder Homes, to name a few.

In Charge LLC began in 2007 and provides residential production construction, custom residential and commercial construction, and retrofit services.  In Charge completes jobs that are production or custom and have vast expertise in the areas of electric options, smart home technology, and lighting. In Charge is headquartered in Round Rock, Texas, a suburb of Austin, Texas. Prior to the acquisition of Calvin’s Electric, they had seven locations in Texas.

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Benchmark International proved value in finding a buyer with experience in the industry through its proprietary multi-medium marketing strategies.  Also, Benchmark International incorporated several campaigns with local, regional, and national associations. While clients are often hesitant to meet with local competitors, after speaking with both parties about their goals with a potential transaction, it was abundantly clear that there could be a great fit between them. After much work, we could get both parties in the same room where the great cultural fit emerged.

Deal Associate Amy Alonso commented, “We are excited to see that our client’s legacy will remain and prosper through this transaction. We understood that our client was seeking a company that would provide a succession plan for the company’s future while also providing a great work environment for their employees. On behalf of Benchmark International, we wish both companies continued success in the future.”

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Benchmark International Successfully Facilitated the Transaction Between Associates in Pediatric Therapy and VersiCare Group

November 2020 Benchmark International facilitated the transaction between Associates in Pediatric Therapy (serving Kentucky and Indiana) and VersiCare Group of Detroit, MI.

The seller,  Associates in Pediatric Therapy, has provided therapeutic services to children with special needs in Metro Louisville, Lexington, Bowling Green, Erlanger, and Southern Indiana since 2007. Renea Sageser, CEO of APT, and husband Scott started with six part-time employees and grew to over 175 employees who serve patients in rural areas to receive high-quality care closer to their homes.

The buyer, VersiCare Group, is a Detroit, MI-based provider of home and community-based services for children and adults with intellectual and developmental disabilities.

“We are pleased to welcome APT to the VersiCare Family,” stated Lauren Sclesky, CEO of VersiCare. “When we decided to launch an aggressive growth plan in 2018, we targeted companies who share the mission in “helping people succeed” that has led to VersiCare’s success. With this new partnership, I am confident we can continue to provide best-in-class services across Kentucky and Indiana in addition to our other service areas.”

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Benchmark International was fortunate enough to represent another highly sought after business opportunity with Associates in Pediatric Therapy.  “We had a lot of connections along the way.  We never know who he is going to put in our path.  We challenge ourselves every day to be better.  We are only here for a short period of time.  I pray we cross paths again one day.  Thank you and your team for their contributions,” stated CFO of APT, Scott Sageser.

Matthew Kekelis, Transaction Director with Benchmark International, added “Scott and Renea Sageser are truly the most caring clients whom I have ever had the pleasure of working with.  Their passion for providing quality care to children in need and providing a family environment for their staff is commendable. It deserves to be recognized.”

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Benchmark International Successfully Facilitated the Transaction Between All-Star Fire, LLC and Fire Safety and Protection, LLC, a Portfolio Company of Sunny River Management

Benchmark International is pleased to announce the transaction between All-Star Fire, LLC (“ASF”) and Fire Safety and Protection, LLC (“FSP”), a portfolio company of Sunny River Management (“SRM”).

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Benchmark International Successfully Facilitated the Transaction Between NEWGROUP (PTY) LTD and an Undisclosed Acquirer for the Regal Pet Health Brand

Benchmark International is pleased to announce the transaction between NEWGROUP (PTY) LTD and an Undisclosed Acquirer for the Regal Pet Health Brand.

NEWGROUP (PTY) LTD is a private company owning several brands in the complementary medicines and natural beauty sections including Herbex. NEWGROUP brands trade throughout South Africa and internationally.  The Regal Pet Health brand – A division of NEWGROUP– is comprised of a range of herbal remedies that offer the pet owner the tools to address the health of their pets naturally.

Eddie Bisset, Chief Executive Officer for NEWGROUP, commented on the transaction saying, “I would like to thank the full Benchmark team for the smooth facilitation of the Regal Pet Health Brand sale. The level of professionalism displayed by everyone from start to finish is unparalleled. As a first time seller, we were guided every step of the way, with no pressure or unanswered questions. Every concern, question or change of strategy was met with prompt courteous answers.”

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The acquirer, is one of the top five companies in the Health and Beauty Industry with a growing footprint in the rest of Africa. The acquirer commented on the transaction: “It really was a pleasure working with Benchmark in facilitating this transaction. They were really on the button and extremely quick to give feedback in making things go as smooth and fast as possible.”

Tiaan Smit, Transaction Director at Benchmark International added, “Throughout the entire process all parties involved were communicative and collaborative, allowing the Benchmark team to execute a swift transaction. It was a pleasure to represent NEWGROUP (PTY) LTD in this transaction and we are delighted to have found a good home for the Regal Pet Health brand. On behalf of everyone at Benchmark International, we would like to wish all parties every success for the future.”

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Benchmark International Successfully Facilitated the Transaction Between Greenkey Garden & Home Ltd and Retail Equipment Limited

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.

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The directors Jeremy and Emma Parkes will retire in six months allowing the opportunity for the new management to develop the business further.

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Benchmark International Successfully Facilitated the Transaction Between Oracle Drive Systems Limited and Veruth Holdings Limited

Benchmark International is delighted to announce the sale of leading variable speed drive and control systems integrator, Oracle Drive Systems, to Veruth Holdings, owner of Europa Components plc and other companies, through sell-side advisers Benchmark International and Primas.

Veruth, a second-generation family holding company, has a policy of long-term development and growth for the companies it is involved with. It is delighted that John Mullins, founder of Oracle, is remaining as Sales Director.

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Oracle will continue to build on its 16 years of experience and expertise with many blue-chip companies now with the backing to expand. Already in the last month new offices have been opened in Billingham in the North East of England, adding to the Batley unit in West Yorkshire, as well as taking on more project engineers and support staff to handle the new work the company is being awarded.

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Benchmark International Successfully Facilitated the Transaction Between Johnson Claim Service, Inc. and Davies

Benchmark International facilitated the transaction of Johnson Claim Service, Inc. in Tulsa, Oklahoma. It has been acquired by Davies.

Johnson Claim Service provides insurance adjuster and appraisal services for insurance contracts written to cover property, casualty transportation and agricultural claims. The transportation claims include truck, trailer, heavy equipment physical damage, motor truck cargo, dealers open lot, garage keeper’s legal liability and non-truck liability. The company has both a domestic and international client base for which its services are provided.

Allen G. Johnson, President of Johnson Claim Service commented regarding the transaction, "We engaged Benchmark to assist in providing professional services in the sale of our insurance related business.   Their team, and most importantly their Deal Associate who handled our transaction through to completion, stayed involved during some difficult negotiations.  The Deal Associate helped JCS finish the business sale with a very positive result for the owners.  Great job Benchmark International!"

Johnson Claim Service will join Davies already established Claims Solutions business in the US, adding specialist transportation claims capability. Globally Davies has more than 4,000 colleagues, with operating centers across the UK, Ireland, Bermuda, the US and Canada.  The business delivers professional services and technology solutions across the risk and insurance value chain, including excellence in claims, underwriting, distribution, regulation, customer experience, human capital, digital transformation & change management. This deal marks Davies sixth acquisition of 2020. 

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Benchmark International proved its value in finding a buyer with experience in the industry through its proprietary multi-medium marketing strategies. In addition, Benchmark International incorporated several campaigns with local, regional and national associations.

Deal Associate Amy Alonso at Benchmark International commented, “Benchmark International added value by negotiating this deal. We saw throughout the entire process that the buyer, Davies, was a perfect fit who stood to benefit greatly from the experience, industry knowledge and high quality service that they would gain from the existing owner. With this knowledge, the team was able to negotiate a deal that would allow for the existing owner to successfully transition the business to a capable buyer. We wish Johnson Claim Service Inc and Davies the best of luck in their future endeavors.”

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Benchmark International Successfully Facilitated the Transaction Between Tom Walker & Sons Limited and HMS Ltd

Benchmark International is delighted to announce the sale of Stockton-on-Tees food packaging firm, Tom Walker & Sons (TWS), to Glasgow-based food ingredients group, HMS.

Established in 1982, TWS is one of the UK’s leading distributors, importers and packers of cheese products, supplying to a national retail and wholesale customer base. Services include cutting and packing, co-packing, new product development and national chilled distribution of a vast selection of cheeses, including Cambozola cheese, of which it is the sole UK distributor.

HMS and its subsidiaries are one of Europe’s largest food ingredient distributors. Established in 1992, HMS has a turnover in excess of £210m and provides UK and European coverage through a network of six warehouses and 73 vehicles. The acquisition of TWS will allow the company to benefit from adding additional food products to its current offering.

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Following the acquisition, TWS will continue to operate as a stand-alone business and will be headed up by Russell Eley who will take over from Peter Walker, the current managing director.

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Benchmark International Successfully Facilitated the Transaction Between Rivanet Limited and Intec Business Solutions Limited

Benchmark International is pleased to announce the acquisition of education technology specialists, RivaNET™, by business technology company, inTec.

RivaNET™ is a provider of innovative enterprise grade IT solutions to independent schools and colleges in London and the South East. Delivering optimised technology and infrastructure, in addition to cyber security and managed support services, the company’s offering promotes an exceptional learning environment whilst safeguarding pupils, staff, and institutions.

inTec is a technology telecoms and IT support company offering 'Work Smarter' solutions, such as streamlining processes, improving workforce productivity, and reducing operating costs.

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RivaNET™ will play a leading role in inTec’s strategy to build a dynamic technology group, allowing inTec to expand its geographic reach and move into the education sector.

Going forward, RivaNET™ will continue to trade as such and will be led by current Managing Director, Nick Donoghue.

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Benchmark International Successfully Facilitated the Transaction between Advantage Plastics of New York and an Affiliate of Orchard Creek Capital

Benchmark International is pleased to announce the acquisition of Advantage Plastics of New York and Sherri Plastics (Advantage Plastics), to an affiliate of Orchard Creek Capital.

Advantage Plastics specializes in thermoforming a variety of plastic products across numerous industries. Specialties include vacuum forming, CNC trimming, laser cutting, and laser engraving. The company works with a wide array of materials, including ABS, HDPE, Acrylic, and PVC.

Owner, John Salva with Advantage Plastics commented regarding the deal completion, "The team at Benchmark really stepped up and took care of all of us. It was important to us that we find a buyer that would compensate us for our life's work, as well as value our wonderful team of employees."

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Orchard Creek Capital is an investment company based in Northville, Michigan that invests in small manufacturing businesses across the United States. Their investment focus is on successful companies with established track records and solid growth prospects. In 2018, Orchard Creek acquired a plastic injection molding company in Grand Rapids, Michigan. Acquiring Advantage Plastics brings additional assets in the plastics space.

Senior Transaction Associate Sunny Yang Garten at Benchmark International commented, “It was a pleasure to represent Advantage Plastics in this transaction. We’re excited to see that the legacy will be preserved and enhanced through this transaction. On behalf of Benchmark International, we wish both companies continued success.”

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Benchmark International has Successfully Facilitated the Transaction Between Kent Catering Services (Bromley) Ltd and Catercall Ltd

Benchmark International is pleased to announce the acquisition of Kent Catering Services (Bromley) (KCSB) by Birmingham-based Catercall.

KCSB was established in 1995 by David Clarke and since then has operated within the commercial catering equipment maintenance industry, covering London and the Home Counties.

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The company is a specialist in the installation, maintenance and repair of commercial catering equipment, working alongside a wide range of clients including hotels, restaurants and schools.

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Benchmark International Successfully Facilitated the Transaction Between Hillcrest Urgent Care of Alabama, PC and Carbon Health

Benchmark International facilitated the transaction between Hillcrest Urgent Care of Alabama (serving the Greater Mobile area) and Carbon Health of San Francisco, CA.The seller, Hillcrest Urgent Care of Alabama, has been providing urgent care services to the Greater Mobile, AL market since 2013. Hillcrest has repeatedly remained on top of the most reputable urgent care facilities in Mobile and ranked 2nd in the state of Alabama. Dr. Gamil “Jimmy” Dawood is a compassionate individual with a true love of providing acute care services to patients looking for convenient, reliable care.

Dr. Jimmy Dawood mentioned regarding the transaction, “I was very pleased to find out that Carbon Health shares the same philosophy of putting patients first and providing excellent care in a friendly environment as I do. The Benchmark team was always available and more than a partner in the whole process! Matthew Kekelis and Neal Wilkerson in particular were very professional, resourceful, supportive and friendly. They went above and beyond to ensure the successful completion of the sale.”

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The buyer, Carbon Health is a San Francisco based technology-enabled healthcare provider delivering omnichannel primary and urgent care across the country. The company, launched in 2015, has re-engineered healthcare delivery from the ground up to provide an exceptional experience for both providers and patients, making high-quality care accessible to all.

“We are grateful to work with Benchmark International and Dr. Dawood of Hillcrest Urgent Care of Alabama for a seamless transition,” said Will Abbott, Chief Operating Officer at Carbon Health. “Dr. Dawood and his team have built a thriving practice in the Greater Mobile community. The Carbon Health team is excited to build on this foundation and continue to provide high-quality care while integrating additional innovations to expand services and meet the community where they are.”

Regarding the deal completion, Transaction Director Matthew Kekelis at Benchmark International commented, “Benchmark, through are open bid process, was able to secure many interested parties in a short period of time. Because of this, we were able to successfully negotiate an offer our Client could not pass up. A straightforward diligence process with open lines of communication between all parties expedited the time to deal completion. “Everyone involved in this transaction diligently worked together and agreed early on that this was a great match. Hillcrest Urgent Care is a beacon of healthcare excellence in the community. We were all excited to find the perfect buyer, Carbon Health, to build upon Hillcrest’s commitment of providing exceptional healthcare.”

ABOUT CARBON HEALTH Carbon Health is the technology-enabled healthcare provider designed from the ground up to put patient-care first. By combining technology with modern clinics, it delivers a uniquely seamless experience from virtual care to in-person care to meet patients where they are. Carbon Health removes the boundaries to high-quality, transparent and personal care and envisions making patient-centric, world-class care accessible and a reality for everyone. Carbon Health is headquartered in San Francisco with clinics across California and virtual care in 16 states across the U.S. To access Carbon Health, download the app (iTunes or Google Play) or visit carbonhealth.com.

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Benchmark International Successfully Facilitated the Transaction Between Development Processes Group Limited and ICS Learn

Benchmark International is pleased to announce the acquisition of Manchester-based Development Processes Group (DPG) by Glasgow-based ICS Learn, backed by Primary Capital.

DPG was established in 1991 and is a training and development provider specialising in CIPD qualifications to both B2C and B2B clients via online courses, traditional classroom workshops and blended online content.

Founded in 1889, ICS Learn has been a pioneer in distance learning for more than 130 years. It is an online learning provider with over 25,000 current students, offering award-winning courses with unlimited tutor support and operating over 100 countries.

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Both companies will combine their collective knowledge and talent with the aim of delivering an unrivalled experience for students starting or advancing their career in HR.

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Benchmark International Successfully Facilitated the Transaction Between The Bailey Group Administration Company Limited and SKS Business Services Limited

Benchmark International is pleased to announce the merger between Peterlee-based Bailey Group and London-headquartered SKS Business Services.

Founded in 2006, Bailey Group is an award-winning independent group of accountancy firms operating 10 practices throughout the UK, providing the preparation of management and final accounts, as well as auditing, cloud accounting, tax advice and planning.

SKS is one of the fastest growing SME-focused finance outsourcing, accounting services and tax/business advisory firms in the UK.

Its biggest merger to date, the aim of the transaction is to allow SKS Business Services to expand into the North East. The addition means that SKS now has a presence in five out of the eight UK regions, including the East of England, the South East of England, London, the North West of England, and now also the North East of England.

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Going forward, Bailey Group will now be known as SKS Bailey Group and the combined entity now contains twenty-five offices across the UK and with nearly 11,000 SME clients.

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Benchmark International Successfully Facilitated the Transaction Between Read's Uniforms and Brighton Partners Equity

Benchmark International has successfully facilitated the transaction between Read’s Uniforms and Brighton Partners Equity. Read’s Uniforms, Inc., hereinafter referred to as “Read’s”, is an omnichannel distributor of uniforms and accessories for resale to all five major uniform verticals including medical, public safety, industrial, hospitality, and education. This multi-location provider has access to key brands in all major verticals. The company has ten locations throughout Florida, Tennessee, South Carolina, and North Carolina.

Eric Hutzler, Owner of Read’s Uniforms, mentioned regarding the transaction, “As founders, we were very pleased with the pipeline of qualified buyers that Benchmark was able to produce. We had multiple options to choose from, each with a unique upside to consider. Ultimately, it is highly unlikely we would have found any of these opportunities on our own.”

Brighton Partners Equity hereinafter referred to as “Brighton” is a private equity firm focused on regional distribution and service companies where geographic expansion is a key driver of future growth. Brighton takes a hands-on approach, bringing objective analysis and years of small, growth-oriented company experience to each investment opportunity. They pride themselves on being good communicators; with their management teams, lenders, and limited partners.

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Read’s was a perfect fit into the current portfolio of Brighton, and an excellent platform for Brighton to expand upon based on their investment thesis. The challenges that COVID presented during this transaction were not insignificant, causing all sides to come together and develop creative financing solutions when the debt markets were retracting. This deal is a cathartic end to the Hutzler’s vision and a welcome beginning to a new partnership that is sure to thrive in the coming years.

Benchmark International’s Managing Director, Dara Shareef commented regarding the deal completion, “Benchmark International is happy to have successfully facilitated the transaction between Read’s Uniforms and Brighton Partners. Deal fatigue could have impeded this transaction at many points, but both sides remained diligent in their efforts. We certainly look forward to the prospect of working with the Hutzlers and Brighton Partners again should the opportunity present itself.”

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Benchmark International Successfully Facilitated the Transaction Between Ultimate Medical Services, Inc. and UMS Holdings, LLC of WolfGang Capital

Benchmark International is pleased to announce the cross-border acquisition of Ultimate Medical Services, Inc. by UMS Holdings, LLC of the Wolfgang Capital group.

Ultimate Medical Services, Inc. is a provider of diagnostic medical imaging equipment and maintenance services for the South, Central United States market. Medical imaging equipment includes digital radiography, computerized radiography, X-rays, Ultrasound, MRI and CT. The company is a full-line imaging company that provides services for preventative imaging products as well as routine studies and emergency procedures.

Wolfgang Capital LLP purchases, develops, and manages businesses with revenues of £1 to £20 million. UK-based Wolfgang Capital is a solution-focused business committed to generating growth through acquisition.

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Kevin Fix, former owner and CEO of Ultimate Medical Services, Inc. said “Benchmark International stood with us through every step of the transaction process and we were impressed by their desire to search the globe to find a buyer. Their efforts ultimately paid off and they facilitated the close of our company with a buyer based in the United Kingdom. The Benchmark team placed a lot of emphasis on being able to help get a deal done in any condition, even despite the global Covid-19 quarantines and the subsequent economic crisis. The team’s persistence proved especially valuable in overcoming numerous obstacles ranging from having multiple potential buyers initially fall through to eventually juggling a complicated cross-border transaction to reach a successful close. Maxim Belov was particularly hands-on and helpful through every step of the sales process.”

Regarding the deal completion, Anthony Hernandez, Benchmark International Transaction Director, stated “the Benchmark Team is delighted to announce not just another successful closing, but to also announce the first transaction we have had the pleasure of facilitating in Louisiana, with several more surely following on its coattails. Senior Analyst Maxim Belov did an excellent job liaising between the parties to facilitate another cross-border transaction for the Benchmark International team.”

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Benchmark International Successfully Facilitated the Transaction Between Hagan Heating & Air Conditioning, LLC and NearU HVAC Services

Benchmark International has successfully facilitated the acquisition of Hagan Heating & Air Conditioning, LLC (Hagan) by an affiliate of NearU HVAC Services. Hagan is a leading recurring maintenance, installation, repair, and service company specializing in residential and commercial heating, cooling, air quality control, and dehumidifying services. Hagan was founded by Paul Hagan and has been in operation for over 30 years. In addition to traditional HVAC systems, Hagan also services boilers, gas furnaces, and heat pumps.

The decision to sell Hagan was made after careful consideration. According to Mr. Hagan, “The thought of selling our 33-year-old HVAC business to actually listing it was overwhelming. After much research it was certain that we would need help. We narrowed down brokers and chose Benchmark International. The personal and professional attention we received exceeded our expectations. All members of the team provided the knowledge and expertise needed to get us from listing to closing with confidence, despite this occurring during the COVID pandemic, March-September 2020.”

Regarding their choice of suiters, Mr. Hagan added, “At Hagan, we have worked hard and honestly to always do right by our customers and employees. We chose to transition our brand to NearU because of our confidence in NearU’s vision for the HVAC industry.”

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NearU is a technician and customer-centric provider of residential and light commercial HVAC services. Hagan marks the fourth HVAC business in the NearU portfolio. Ashish Achlerkar, NearU’s Founder, Chairman and CEO stated, “Our portfolio in upstate South Carolina now boasts two strong and strategically-combined local brands: Carolina Heating Services in Greenville and Hagan Heating and Air in Anderson. We welcome the customers and employees of Hagan to the rapidly growing NearU family.”

Regarding the transaction, Senior Associate Nick Woodyard at Benchmark International stated, “We are excited to see the Hagan team begin this next chapter in the company’s legacy. It was an absolute pleasure working with Paul and Les Hagan and we’re excited to have facilitated a successful transaction.”

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Benchmark International Successfully Facilitated the Transaction Between HireVergence LLC and Job.com

Benchmark International has successfully facilitated the transaction between HireVergence LLC and Job.com.

HireVergence, based in Tampa, Florida, is a highly specialized staffing firm providing experienced cybersecurity and IT resources to clients of all sizes nationwide. The founders of HireVergence, Mark Tuszynski, Dave Gilden, and Julio Sanchez, bring more than 50 years of combined experience in information technology.

Job.com is a digital recruitment company with a unique perspective: delivering technology and capabilities that shake up the market by bringing together a data-driven approach based in AI and machine learning with high-level human capital delivered solutions, designed to efficiently attract and retain the right talent and provide consumer-level user experiences throughout the hiring process.

According to the company’s announcement, “We're delighted with the acquisition of HireVergence, their fantastic team, and to work with their loyal customer base. This is a major step towards Job.com's vision of a digitized staffing industry, delivering a hiring experience to the jobseeker that moves away from transactions and focuses on career journeys," says Arran Stewart, co-founder, and Chief Visionary Officer.

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"We are excited to be joining forces with Job.com. Our shared vision of leveraging technology to reshape the recruitment industry will provide immense value for our customers and exciting opportunities for our team. The three of us are looking forward to continuing on the journey we started nine years ago with Job.com," says HireVergence founders Mark, Dave, and Julio.

Regarding the transaction process, Dave Gilden commented, “As founders, we were very pleased with the pipeline of qualified buyers that Benchmark was able to produce. We had multiple options to choose from, each with a unique upside to consider. Ultimately, it is highly unlikely we would have found any of these opportunities on our own.”

Senior Transaction Associate Sunny Yang Garten at Benchmark International commented, “It was a pleasure to represent HireVergence in this strategic transaction. Dave, Mark, and Julio are engaging and always responsive to diligence requests. We’re excited to see that their legacy will be preserved and enhanced through this transaction with Job.com. On behalf of Benchmark International, we wish both companies continued success.”

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Benchmark International Successfully Facilitated the Transaction Between Hall Building Products, Inc. and Reddi Industries, Inc.

Benchmark International is pleased to announce the acquisition between Hall Building Products, Inc. and Reddi Industries, Inc.

Hall Building Products provides an array of building supplies to commercial and residential works, primarily servicing customers in Oklahoma and the northern Texas region.

Reddi Industries is a Wichita, Kansas based home and commercial services company that added Hall Building Products to its growing business portfolio and geographical reach.

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Zack Stevens, co-owner of Reddi Industries, Inc. stated “Oliver with Benchmark recently helped us with a multi-state business acquisition. Throughout the entire process, Oliver did a great job keeping the deal moving and communicating with us on updates. There are obstacles in every acquisition we have completed and this one was no exception. Oliver helped us work through those to the finish line. I’d highly recommend Oliver and Benchmark.”

Benchmark International Transaction Director Anthony Hernandez noted, “The Benchmark International team is delighted to have facilitated the sale of Hall Building Products, Inc. to Reddi Industries, Inc. Reddi Industries, a family-owned and operated professional home and commercial services company, proved to be the perfect buyer for Hall Building Products, Inc. The Benchmark International team did an excellent job bringing Reddi Industries to the table to execute a swift transaction with the seller.”

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Benchmark International Successfully Facilitated the Transaction Between Sportfit Support Services Limited and Tristone Healthcare Ltd

Benchmark International is pleased to announce that it has completed a transaction between Southampton-based care providers Sportfit Support Services (Sportfit) and Manchester-based buy-and-build company, Tristone Healthcare.

Established in 2010 and incorporated in 2012, Sportfit is a specialist emergency, domiciliary and short break active care provider offering high-end support to 16-19 years olds with developmental delays, backgrounds in abuse and those with family relationship breakdowns. Sportfit offers bespoke plans for service users, providing affordable and active care. With 120 employees, Sportfit supports 502 young people.

Tristone Healthcare, owned by Tristone Capital, is a privately owned buy-and-build company that invests in profitable businesses with enterprise values of up to £20 million, have a good market share and prospects for growth, and are led by managers with both strong commercial and operational judgement.

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The acquisition will allow the combined team to support more vulnerable young people and deliver outstanding services to local authorities, said Yannis Loucopoulos, Tristone founder and CEO. The acquisition increases the number of vulnerable young people currently supported by Tristone to 98 with capacity to support 116.

Following the transaction, Managing Director of Sportfit, Ashley Vickers, will continue to manage the business and retains a minority shareholding.

Commenting on the working with Benchmark International, Mr Vickers said:

“Benchmark were outstanding throughout the sale of my business. The process took time but, Benchmark, led by the great efforts of Paul Wilson [and] supported by excellent office staff, Oliver Taylor in particular, meant the deal was completed. My best interests were at the heart of every negotiation throughout, and the intricacies of formulating and completing the deal deserve the highest praise. To say I was impressed with Paul’s efforts, and those of Benchmark, would be a huge understatement. Indebted would be a better description.”

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Benchmark International Has Successfully Facilitated the Transaction Between BTech Manufacturing Inc. and a Private Investor

Benchmark International has successfully facilitated the transaction between BTech Manufacturing Inc. and a private investor in the Houston, Texas market.

BTech Manufacturing Inc. is a component manufacturer and distributor of machined products. The company provides necessary components to the oil and gas industry, brazing stations, and other machined parts to air conditioning manufacturers and repair services. The company serves a wide array of industries such as HVAC, heavy industrial and manufacturing, and oil and gas.

BTech Manufacturing Inc. was purchased by a private investor looking to own and operate the business with the hopes of taking Mr. Bui’s foundations to the next level.

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Mr. Bui, President of BTech Manufacturing Inc. said regarding the recent transaction, “Benchmark International sourced a buyer that was motivated to get something done and pointed every party involved in the right direction. The team at Benchmark International understood my business and knew exactly what market segments to target. If I would do this again, I would without a doubt choose Benchmark as my partner in the sale process.”

Benchmark International’s Transaction Director, Luis Vinals stated, “BTech Manufacturing is a great company, and Mr. Bui’s story is one of resilience and is a testament to his entrepreneurial tenacity.  We are excited to have been able to facilitate a deal that will give Mr. Bui the flexibility to pursue his interests while maintaining his legacy.  The fact that we were able to quite literally close the chapter of one entrepreneur’s story and facilitate the opening chapter for another entrepreneur is proof that Benchmark International can work on all levels of the lower and lower-middle markets.  We wish Mr. Bui and the new ownership of BTech Manufacturing Inc. much success in the future.”

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Benchmark International Successfully Facilitated the Transaction Between DevelopScripts LLC and Awection Inc

Benchmark International has successfully facilitated the transaction between DevelopScripts LLC and Awection Inc, a SaaS company in the Dallas, Texas market. Awection Inc is the most recent business endeavor undertaken by entrepreneur, Alex Guiva.

DevelopScripts is a Texas-based company that offers a white-label, subscription-based digital platform allowing users to organize, manage, and conduct auctions through a centralized medium facilitating business transactions as well as fundraising efforts. The company also provides peer-to-peer marketplaces for e-commerce platforms. The Company serves customers in the automotive, equipment, pet, liquidation services, collectibles, event planning, and other industries. DevelopScripts’ founder, Rajesh Rajaram, has built a unique platform in the auction software category and successfully expanded his customer base and offerings year after year.

Mr. Rajaram commented regarding the deal, “Benchmark International really pulled their weight in getting this deal done.  I was very impressed by every team member’s tenacity to get this deal across the finish line.  Most importantly, the Benchmark team always took the time to listen to my concerns and feedback and were open to working on this deal with my best interests in mind.  Benchmark International ultimately found the perfect partner to escalate the Company’s growth and take DevelopScripts to the next level.”

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Alex Guiva, President of Awection Inc, has been growing businesses for over 20 years and is experienced in a wide array of industries. He said in relation to the deal, “Having closed over 30 transactions, I can attest that it is rare to find an intermediary as knowledgeable as Benchmark International. They truly focused on the important aspects of deal making and consistently made an effort to get to the finish line without creating disruptions for the organization during the process.”

Benchmark International’s Transaction Director Luis Vinals stated, “Working with a client like Rajesh is like working with the American Dream. Rajesh has such a rich and interesting story, which was a joy to learn about. Throughout the entire process, Rajesh was communicative and collaborative. With the Benchmark International team by his side, Rajesh was able to procure the deal he desired that would allow him to meet his personal and business objectives. Open communication allowed us to have strategic conversations that ultimately led to our team finding the ideal cultural fit for our client.”

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PBK Architects, Inc. Received Strategic Investment from DC Capital Partners

Benchmark International is pleased to announce the successful closing of DC Capital Partners’ investment in PBK Architects, Inc., and its subsidiaries. As the 23rd largest US-based architecture firm, PBK, based in Houston, Texas, and its subsidiaries in California, Beijing, Shenzhen, and Hong Kong employ over 500 architects, engineers, and related professionals.

“We are pleased that we were able to introduce PBK’s owners to the right partner, one who not only recognized the value and potential in the business but also saw the wisdom of leaving its management, best-practices, and award-winning culture in place; our clients' three most important criterion for taking this step,” said Dara Shareef, one of Benchmark International’s two Managing Directors on the transaction.

In addition to its Top 25 status, in 2019 PBK was ranked as the “#1 Education Design Firm” by Engineering News-Record (“ENR”), widely regarded as the engineering and design industry’s premier publication. Specializing in K-12 projects and, in particular, large public high schools, PBK has long been the go-to firm for sustainable design and next-gen integrations in particular. The company also focuses on two related building types - higher education and sports facilities. 

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DC Capital Partners was familiar with PBK’s government focus, already having made similar investments in architecture firms, AMA and Pond & Co., both of whom work predominantly with US federal government clients.  “Moving into the local government market was not a big step for DC Capital but one they appear to have not explored previously. When Benchmark International first contacted them with the opportunity, the timing was not right given their other ongoing projects at that point. Benchmark’s diligence and perseverance in circling back proved to be a key factor in achieving this successful result,” said Benchmark International Associate Jesse Crawford-Lang.

“In our industry representing government contractors is often seen as a niche specialty. Though we are sector agnostic, we end up closing deals for more government contractors each year than do most boutiques specializing in the field. A great business is a great business and PBK is a great business,” said, Clinton Johnston Benchmark International’s other Managing Director on the transaction.  This transaction follows closely on the heels of 11 other Benchmark International deals closed in the AEC space in the first half of 2020.

Closing a deal in the midst of COVID, particularly one with the unique international implication present here, was not without challenges, however. The deal was agreed in principle just before lockdowns began across the country. Despite the turmoil in the markets, both sides were able to hold up their end of the originally agreed bargain though not without a bit of mutually beneficial maneuvering. PBK Founder and Executive Chairman Dan Boggio commented, “Benchmark, along with our legal team at Nelson Mullins and our accounting team at Weaver, just kept plugging away no matter what was going on outside the deal. The number of issues that needed to be addressed, negotiated, and implemented in a deal like this was apparently endless. The ways that we and DC Capital had to come together to address some unprecedented events precipitated by the pandemic and the creative solutions our team generated were absolutely amazing.  My partners and I are so glad that we had the opportunity to work with this great team. I don’t know that this would have gotten done, even in regular times much less the first half of 2020, without them.”

PBK’s efforts were led internally by CO-CEO and COO Chris Cunico. He added, “We really appreciated the way Benchmark led us through this process. All the decisions were ours to make. They continuously provided the data, inputs, and experienced insights that set us up to make the best possible decisions throughout the relationship. They were patient with us when we wanted to move slowly and led the charge whenever we wanted to move ahead aggressively.”

DC Capital was assisted on the transaction by Arnold & Porter, Ernst & Young, and Aon Advisory. “When DC Capital comes to town, they bring the big guns. It was a pleasure to stand toe-to-toe as adversaries to negotiate and structure the best deal possible for both sides while never compromising on our clients’ list of non-negotiable issues. We like to test our mettle, and that’s what happened here.  In the end, this is the deal we were asked to get for our clients, and we are happy to have delivered for all 16 of them,” added Benchmark International Associate Director Deidre Ryan.

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Benchmark International has Successfully Facilitated the Transaction Between Brandon Consulting Limited and Nostra Technologies Limited

Benchmark International is delighted to announce the transaction between a cybersecurity and compliance IT solutions company, Brandon Consulting, and managed IT services partner, Nostra.

Founded in 1998 by Tom O’Neill, Brandon Consulting provides managed IT services to clients across a range of industries.

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Nostra, established in 2006, offers a suite of IT managed services solutions to a variety of sectors such as finance, hospitality, manufacturing, and motoring. As Ireland’s leading managed service provider, it has over 200 customers and provides services in the UK, the Benelux region, Germany, Poland, South Africa, Australia, and North America.

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Benchmark International Successfully Facilitated the Transaction Between Andy Newell Limited and a Private Investor

Benchmark International is delighted to announce the sale of Buckinghamshire-based Andy Newell Limited to a private investor.

Andy Newell was established in 1988 and is a specialist plumbing and heating contractor providing complete design and installation for a number of building contractors and developers.

The company has been acquired by a private investor who plans to acquire several small businesses over the next five years.

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Tristan Woolcock, Associate at Benchmark International, commented: “We are pleased to achieve the sale for Andy and it’s great to see the client get along so well with the buyer, but it is a bittersweet moment to end our working relationship. We wish both parties every success for the future.”

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Benchmark International Has Successfully Facilitated the Transaction Between Rivertop Contracting, Inc. and The Greenery, Inc.

Rivertop Contracting is a comprehensive landscape management service company with a strong presence in upstate South Carolina. The company offers lawn maintenance, new construction landscaping, and paver work.  Benchmark International worked with Rivertop Contracting to identify salient business metrics that present the fundamentals and prospects of the business. We marketed these metrics to key interested parties, negotiated multiple letters of intent, and ultimately facilitated the transaction between the two companies.

Owner and CEO of Rivertop Contracting, Inc. Rob Atema commented, "It was a pleasure working with the Benchmark International team. Their expertise, persistence, and knowledge of creative deal structure negotiation led to a mutually successful transaction and a newfound relationship for both sides of the deal. I know who I’ll be calling when I decide to sell my other business."

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The Greenery, Inc. was seeking to strategically purchase market share in the area that Rivertop’s South Carolina operations were located. Those goals aligned with the seller’s desire to divest and focus on other established locations of the business.

The Greenery was first established on Hilton Head Island in 1973 by Ruthie and Berry Edwards. Today, it has developed into a multi-location full spectrum landscaping and contracting firm that is employee-owned and continues to expand throughout the East Coast region of the US.

Benchmark International's Transaction Director, Don Rooney commented regarding the deal completion, “Benchmark International is happy to have successfully facilitated the transaction between Rivertop Contracting and The Greenery. We look forward to assisting Rob in the sale of his other companies when the time comes.”

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Benchmark International Has Successfully Facilitated the Transaction Between Alliance Air Solutions, Inc. and Climatech Mechanical Services, Inc.

Benchmark International has successfully facilitated the transaction between Alliance Air Solutions, Inc. (“Alliance Air”) and Climatech Mechanical Services, Inc.

Alliance Air was incorporated in 2006 as a commercial and industrial HVAC installation and service company. Since its inception, the company has maintained a strong reputation within its market as a quality heating and air conditioning service provider. The company’s approach, centered on quality and integrity, ensures each client is treated well and each project is delivered in a timely and efficient manner.

Climatech is a full-service mechanical contracting company serving customers in several states. Over the past 48 years, they have grown into one of the largest contractors for heating, ventilation, air conditioning and refrigeration in their served regions. The acquisition creates additional capacity and geographic expansion to an already successful service model.Ready to explore your exit and growth options?

“Alliance offers an exciting opportunity for Climatech to expand its service offerings in a variety of different areas” explains Brad Taback, CEO of Climatech.  “This acquisition will provide significant growth opportunities and strengthens our management team so that we are able to achieve our goals in the Florida marketplace.”   

Regarding the deal completion, Senior Transaction Associate Sunny Yang Garten at Benchmark International commented, “It was a pleasure to represent Alliance Air in this strategic transaction. This acquisition represents a tremendous opportunity for both businesses and their teams to strategically accelerate the rate of growth. On behalf of Benchmark International, we wish both companies continued success.”

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Benchmark International Successfully Facilitated the Transaction OF Software Enterprises (UK) Limited & Global Rosters Limited to Totalmobile Ltd

Benchmark International is delighted to announce the sale of Birmingham-based company, Software Enterprises (known as Global Rostering System – GRS), to Totalmobile.

Established in 1995, GRS is a software development company that has produced its own computerised rostering system which builds efficient staff rosters and ensures the right staff are assigned to the required locations and shifts. The product is best suited to the emergency services and 24/7 operations with customers predominantly hospitals, police forces and ambulance services. Solutions are currently being used to roster over 100,000 emergency services field-workers in the UK.

Totalmobile develops and supplies enterprise application software that manages the workflow of mobile workers. It is backed by private equity company, Horizon Capital.

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Going forward, GRS’ software will be rebranded and integrated into Totalmobile’s comprehensive suite of SaaS field service management products.

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Benchmark International Successfully Facilitated the Transaction Between Vertex Software Corporation and Level 5 Lab

Benchmark International facilitated the transaction between Vertex Software Corporation and Level 5 Lab.

Vertex Software Corporation is a web-based solutions business specializing in building online, browser-based software applications. Vertex brings traditional software engineering methodology and discipline to web development, delivering robust solutions to its clients quickly and efficiently.

Benchmark International proved its value in finding a buyer with experience in the industry through its proprietary multi-medium marketing strategies.  In addition, Benchmark International incorporated several campaigns with local, regional, and national associations.

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President of Vertex Software Corporation David MacDonald commented, “Benchmark International’s team delivered on finding a buyer for my business that would take care of my team as well as would carry on the high level of service after the sale that our customers have come to expect.”

Deal Associate, Amy Alonso commented, “Benchmark International added value by negotiating this deal.  We saw throughout the entire process that the buyer, Level 5 Lab, was a perfect fit who stood to benefit greatly from the experience, industry knowledge and high-quality service that they would gain from the existing owner. With this knowledge, the team was able to negotiate a deal that would allow for the existing owner to successfully transition the business to a capable buyer.  We wish Vertex Software Corporation and Level 5 Lab the best of luck in their future endeavors.”

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Benchmark International Completes the Sale of Knowles Associates - Total Fleet Management Limited and Ensure UK Limited, to an EOT

Benchmark International is delighted to announce the successful sale of Essex-based Knowles Associates and Ensure UK, to an employee ownership trust (EOT).

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Benchmark International Completes the Partial Sale of I.C.P.M.S. Cones Limited to Alpha Resources LLC

Benchmark International is delighted to announce the partial sale of Cheshire-based precision engineers I.C.P.M.S. Cones to an entity ultimately owned by the shareholders of Michigan-based company, Alpha Resources LLC.

Incorporated in 2002 following an MBO by owners Dean White and Gareth Evans, I.C.P.M.S. Cones is a precision engineering company specialising in the design and manufacture of electroformed metal cones for use in mass-spectrometry scientific instruments. Alpha Resources is a manufacturer and distributor of analysis consumables, offering equipment for elemental analysis in multiple industries.

With RAC’s niche technical production process and strong relationships with a number of blue-chip clients, the acquisition provides Alpha Resources the opportunity to build on I.C.P.M.S.’s market stature, as well as offer complementary products to its current range. Both Dean and Gareth will remain with the company as Directors and shareholders to ensure the continued success of the combined entities.

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Benchmark International Successfully Facilitated the Transaction Between A Quality Service Ltd and Tudor Group

Manchester-based facilities management provider, Tudor Group, has acquired Cardiff-based cleaning contractor, A Quality Service (AQS).

Established in 2011, AQS specialises in stadium cleaning, as well as providing commercial cleaning for a variety of customers from factories and offices to the NHS.

Tudor Group provides a wide range of commercial cleaning services to clients nationwide and has been doing so for the last 30 years.

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The company has private equity backing from Foresight Group, who made its original investment in 2016. Since then, Tudor has scaled operations, introducing improvements to health and safety, finance and IT systems. The acquisition of AQS – on the back of a £1.1m boost – will allow it to grow revenues further.

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Benchmark International Successfully Facilitated the Transaction Between Twenty First Century Engineering and J.S. Held

Benchmark International has successfully facilitated the transaction between Twenty First Century Engineering (“TFCE”) and J.S. Held LLC.

TFCE, based in Vero Beach, Florida is a renowned full-service professional engineering firm focusing on forensic services. TFCE provides civil, structural, forensic, and design/build services to individuals, corporations, and contractors throughout Florida, the greater Southeast United States, Texas, and the Caribbean. The company holds dual licenses in engineering and general contracting, which enable an expedited, turn-key process for clients.

J.S. Held is a global consulting firm with expertise in construction, environmental health & safety, forensic accounting & economics, water & fire restoration, equipment, and forensic architecture & engineering matters. According to the company’s announcement, “This acquisition further expands our forensic services for complex litigation needs, while also strengthening our geographic resources” (Bill Bracken, PE, J.S. Held Forensic Architecture & Engineering Practice Leader).

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John Carroll, the founder of TFCE, added in the announcement, “Our clients will have the benefit of a new suite of technical services and the accompanying specialized staff to support their needs on a variety of construction; equipment; environmental, health, and safety; as well as forensic accounting and economic matters.”

Regarding the deal, Senior Transaction Associate Sunny Yang Garten at Benchmark International commented, “It was a pleasure to represent TFCE in this strategic transaction. John and his team were wonderful to work with. They were engaging and always responsive to diligence requests. We’re excited to see that their legacy will be preserved and enhanced through this transaction with JS Held. On behalf of Benchmark International, we wish both companies continued success.”

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Benchmark International Successfully Facilitated the Transaction Between Management Data, Inc. and Ridgeline Advisors

Ridgeline Advisors (“Ridgeline”), a Dallas-based private equity firm, is pleased to announce it has completed the recapitalization of insurance and annuity software developer Management Data, Inc. (“MDI”).

Founded in 1982, MDI has operated as a software developer and ASP provider to insurance and annuity companies. MDI serves its customers by customizing software needs and providing best in class service.

“We are pleased to partner with Pat and the MDI team, they have built an impressive organization that is well positioned to continue to serve its clients during this challenging operating environment. We are impressed with the MDI’s emphasis on technical expertise, product leadership and customer service,” said Worth Snyder, a Managing Director of Ridgeline. “MDI has developed a unique platform that creates a compelling customer value proposition, evidenced by its roster of blue-chip clients in the insurance category. We look forward to helping MDI continue to grow and enhance its product offering and value proposition,” commented Awais Shaikh, a Managing Director of Ridgeline.

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“After an intensive three-year search for the right successor, we have finally found an organization that shares our vision and commitment to total customer service and support for our employees. After 23 years of running MDI, I can transition control with the assurance that the legacy of our unique attitude of customer support and value for our clients will be carried on with the same commitment that I have had over these many years,” commented Pat Michael, President and CEO of MDI.

Tyrus O’Neill, Managing Partner with Benchmark International, added “We would like to congratulate Management Data and Pat Michael, as well as, Ridgeline Advisors on a successful deal. Everyone at Benchmark International was impressed by the professionalism of both parties throughout the entire process. Additionally, it’s fantastic to see continued deal activity despite everything taking place in the broader economy. We wish everyone involved nothing but the best moving forward and believe it’s the beginning of a great partnership for Ridgeline and Management Data.”

About Management Data, Inc.
Based in Pelham, Alabama, Management Data, Inc. (“MDI”), provides policy administration software and services and has supported insurance companies and banks offering insurance products since 1982. MDI is exclusively focused on the insurance segment, serving carriers who sell individual or group life, annuity, and health policies. MDI’s core system FIMMAS supports all product lines in a single implementation utilizing the synergy of cross product and client support for both Individual and Group products. FIMMAS supports complete end-to-end insurance functionality from a pre-sale quote through claims payments. FIMMAS is a robust and flexible policy administration system that helps insurers accelerate underwriting and claims to enhance the customer experience and support profitable growth. For additional information visit www.mgtdata.com.

About Ridgeline
Ridgeline is a Dallas-based investment firm that partners with seasoned management teams to invest in growing, profitable, privately-held companies across North America with a focus on four core industry sectors: technology, consumer, healthcare, and business solutions. The firm takes a selective approach to investing in high-potential businesses whose owners and management teams want an investment partner with the capital, experience, and record of successful collaboration required to achieve their liquidity and value-creation objectives.

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Benchmark International Successfully Facilitated the Transaction Between Oasis Water Holdings (PTY) LTD and Both Fledge Capital (PTY) LTD & SLA Capital (PTY) LTD

Benchmark International is pleased to have successfully facilitated the transaction between Oasis Water Holdings (PTY) LTD and both Fledge Capital (PTY) LTD & SLA Capital (PTY) LTD.

Oasis Water (PTY) LTD (Oasis) is a franchise group that provides clean water to retailers, corporations, end-users, and mines. The franchise operations are of various sizes, ranging from full bottling plants to small retail outlets and in-store kiosks, located across South Africa, Namibia, and Botswana. This well-known and highly regarded brand has a reputation for quality products at affordable prices, in easy-to-reach locations. A contract bottling plant and owned spring water source expand the supply chain offering.

Naas du Preez, the CEO of the Oasis Water Group was quoted saying “Our solid network of more than 300 franchised Oasis Water outlets in South Africa, Botswana, and Namibia (RO3 Water) is the ideal springboard for further expansion and our Value-Unlock Growth Strategy. With the added value and vast experience of Fledge Capital and SLA Capital, we can unlock our full potential.”

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Fledge Capital is an independent investment company that provides capital solutions to private companies across a wide range of industries that meet its investment criteria. It prefers to provide capital to companies with proven business models and leading management teams to grow those businesses. Current investee companies include WeBuyCars, King Price, BetterBond, Safari Outdoor, Atterbury Properties, etc.

Bolstered by the positive significance of the transaction for the South African M&A industry during the COVID-19 pandemic, Andre Bresler the Managing Director at Benchmark International, added “It is genuinely gratifying to see such an impressive business attract two reputable growth partners and to conclude a value-oriented deal for all parties concerned.”

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Benchmark International’s Client Gasket & Packing Inc. Has Successfully Sold to a Subsidiary of German-owned Conglomerate Elring Klinger

Benchmark International’s client Gasket & Packing Inc. a Borger, Texas-based industrial supply and distribution company has successfully sold to a subsidiary of German-owned conglomerate Elring Klinger.

Gasket & Packing Inc. is an industrial supplier of fluid sealing & bolted joint assembly products.  The Borger, Texas-based company with four locations supplies fluid sealing products for industrial customers. Products include manufactured gaskets, pump and valve packings, mechanical seals, hydraulics, o-rings, lubrication equipment, metal and concrete repair equipment, industrial bolting, and corrosion prevention supplies. The company also sells, rents, calibrates, and repairs torque equipment for bolted joint assemblies.

As an independent and globally positioned supplier,  Elring Klinger is a powerful and reliable partner to the automotive industry. Be it a car or commercial vehicle, an optimized combustion engine, hybrid technology, or electric motor – they offer innovative solutions for all types of drive system in-passenger cars and commercial vehicles. They also make a commitment to making a contribution to sustainable mobility.

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Transaction Director Luis Vinals stated, “This transaction demonstrates Benchmark International’s global capabilities, and the quality of its creative marketing strategies to identify buyers for our clients’ businesses.  We are excited to see our client's legacy in the capable hands of such a reputable firm and look forward to their continued success.”

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Benchmark International Successfully Facilitated the Transaction Between Cello-Wrap Printing, Inc. and Cello-Wrap Packaging, Inc.

Benchmark International is proud to announce the acquisition of Cello-Wrap Printing, Inc. by Cello-Wrap Packaging, Inc. The Benchmark International team worked diligently on behalf of Cello-Wrap Printing and was a resource for the transaction through the closing date.   Both the seller and buyer have already indicated that the integration has been smooth, and we anticipate maintaining the relationship with Cello-Wrap Packaging, Inc. as we continue to work on relevant mandates. 

Cello-Wrap Printing, Inc. is a three-generation family business located in Farmersville, Texas.  The company is a full-service flexographic printing company that offers printing, lamination, and slitting services utilizing polypropylene, cellophane, and foil as substrates.  The company primarily serves the food packaging industry and has been in operation for over 60 years.

Cello-Wrap Packaging, Inc. is Southwest Michigan's premier provider of flexible packaging serving customers with diverse product lines and evolving needs.  CPI was founded half a century ago as a plastic bag manufacturer for parts to the Detroit automotive industry.  They are now a leading BRC certified manufacturer of plastic bags and flexible packaging serving a variety of industries, with an emphasis on the food-retail sector.

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The Benchmark International team used its vast array of resources and experience to help facilitate a transaction structure that allowed for both the buyer and seller to come to terms.  This included a carve-out of real estate and ensuring that the seller and their family was taken into consideration as part of a respectful and considerate transition of the business.

Deal Associate, JP Santos commented, “The Benchmark team is excited for what the future holds for Mr. Whitaker, our client, and the new ownership of Cello-Wrap. Both parties were aligned in their desire to ensure the continued success of the business, and we are pleased that an equitable transaction was agreed upon and executed successfully.” 

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Benchmark International Successfully Facilitated the Transaction Between Suntech Electrical Contractors, Inc. and Investors Stanoy Tassev & Rocco Reffie

Suntech Electrical Contractors, Inc. (Suntech), a Florida company that engaged Benchmark International to market and facilitate the transaction of the business with investors Stanoy Tassev and Rocco Reffie.

Suntech was founded in 2003 by Tom Czajkowski. Suntech is a full-service electrical contractor specializing in large commercial projects. The company provides hardwire electrical services and improves electrical efficiency for a wide variety of industries. Suntech also provides electrical code compliance services.

Regarding Benchmark International’s services, Mr. Czajkowski shared, “From the initial meeting with Benchmark [International] and through the entire process of preparing all the documentation, keeping me informed of progress, reviewing the letters of intent and the final closing, I was confident I was receiving excellent advice and guidance. Thank you to the Benchmark [International] team.”

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According to updated state filings, officers of the company are now Mr. Tassev as President and Treasurer, Mr. Czajkowski as Vice President, and Mr. Reffie as Secretary. With backgrounds in electric power and services, the Suntech investment provides Mr. Tassev and Mr. Reffie expansion in the electrical contracting space.

Nick Woodyard, Transaction Associate at Benchmark International was engaged throughout the transaction, from client on boarding all the way through to the successful closing. Nick commented, “The Suntech team was very focused. They moved quickly throughout the process, which led to a timely closing. We wish both parties all the best in their new partnership.”

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Benchmark International Successfully Facilitated the Transaction between Seltech, Inc. and Hatfield & Company

Benchmark International Successfully Facilitated the Transaction between Seltech, Inc. and Hatfield and Company.

Seltech specializes in engineering and industrial equipment sales. They specifically focus on instrumentation and process control, environmental monitoring, and filtration systems.  Seltech began in Tulsa, Oklahoma as a manufacturer’s representative firm and became a region wide wholesale provider of engineering and industrial equipment.

Ready to explore your exit and growth options?

Benchmark International proved its value by finding a buyer with experience in the industry through its proprietary multi-medium marketing strategies.  In addition, Benchmark International incorporated several campaigns with local, regional, and national associations.

Deal Associate, Amy Alonso commented, “Benchmark International added value by negotiating this deal.  We saw throughout the entire process that the buyer, Hatfield and Company, was a perfect fit who stood to benefit greatly from the experience, industry knowledge, and high quality service that they would gain from the existing owner. With this knowledge, the team was able to negotiate a deal that would allow for the existing owner to successfully transition the business to a capable buyer.  We wish Seltech, Inc. and Hatfield and Company the best of luck in their future endeavors.”

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