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Benchmark International Successfully Facilitated The Sale of Certain Assets of South Texas Precision, Inc. To Harris Machine Tools, Inc.

Benchmark International has facilitated the sale of certain assets of South Texas Precision Inc. to Harris Machine Tools.  South Texas Precision Inc.,  is a Texas-based custom machine shop that manufactures and provides turnkey oilfield equipment for OEMs in the Houston market.

The company is a qualified vendor of choice for many of its products. Harris Machine Tools is a Houston-based sales and machinery company that distributes a full line of quality CNC machine tools, such as mills, drills, lathes, presses and saws. The company has been an international leader in the metal working market place since 1979.

Benchmark International’s extensive network and ability to reach a wide market of buyers allowed us to find an acquirer interested in purchasing the manufacturing division of South Texas Precision. Benchmark provided a variety of options to the client to allow them to make the best selection for the future of their business.

 

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In reference to the transaction, Walter Schouten, President of South Texas Precision, 
explained his experience with Benchmark International, “We enjoyed working with Benchmark International. From the beginning, they understood the Oil & Gas Manufacturing market and were able to uncover various competent buyers for the machine shop portion of the business.  The team continuously worked with us and adapted their strategy to match the ever changing market conditions. Benchmark International presented several options to us, which allowed us to choose the best option for South Texas Precision. We choose to carve out the manufacturing division of our business while continuing to operate the retail and distribution division of the business.”

Senior Associate, William Van Buren, mentioned “The Austin, Texas team truly enjoyed working with the South Texas Precision team. We understand what business owners go through on a daily basis to keep their businesses successful. The Austin team focused on presenting our clients, Walt and Jeff, options for them to continue the longevity and success of their business. Walt and Jeff were responsive to our inquiries and were the ideal partners to work with for our team.”

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Benchmark International Facilitated the sale of AVIS Forklifts (Pty) Ltd (AVIS) to Sky Investment Holdings (Pty) Ltd through its subsidiary Tailifts South Africa (Pty) Ltd (Tailifts)

Benchmark International is pleased to announce the sale of AVIS Forklifts (Pty) Ltd (AVIS) to Sky Investment Holdings (Pty) Ltd through its subsidiary Tailifts South Africa (Pty) Ltd (Tailifts).

AVIS is an independent forklift company, established in 1970. With over 40 years in operation, it is well recognised as a pioneer in the forklift rental industry. The company has grown to provide a comprehensive range of services regarding materials handling equipment including forklift hire, forklift sales, transport solutions and side lifter facilities. The company’s infrastructure is geared toward providing its customers with a cost-effective materials handling solution.

Tailifts prides itself on the manufacture and maintenance of tail lifts that can be fitted to column, cantilever, foldaway and retractable lifts suitable for any industry. In addition, Tailifts is the sole distributor in Southern Africa for Zepro, Waltco and Del lifts, market-leading brands in Europe, the USA and the UK respectively. The company boasts authorised service and fitment agents in all of the main centres within South Africa and engineering staff are trained and certified ECSA engineers as well as registered lifting machinery inspectors.

 

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The transaction sets the groundwork for both businesses to leverage off of each other’s mutually advantageous basket of products and services while aggressively nurturing their newly augmented and combined national footprint.

Commenting on this, Andre Bresler of Benchmark Corporate South Africa said: “This is yet another transaction that demonstrates in such active sectors going to market in a competitive process unlocks real value beyond the balance sheet for buyer and seller alike. I could not be more pleased to see such uniquely suited entities joining forces, it has been a privilege for Benchmark to have been selected to advise such an iconic brand.”

On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.

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Benchmark International has successfully facilitated the sale of ME Interests LP, DBA First Service Technology to Restoration Risk Management.

Benchmark International has successfully facilitated the sale of ME Interests LP, DBA First Service Technology to Restoration Risk Management.

First Service Technology is a professional services company that offers IT and physical security integration consulting, network audits, project management, implementation, and installation for the Texas market.

First Service Technology serves the State, Local, and Public Education markets (SLED). These include Texas K-12 school districts and city and county government entities. The company also serves the commercial market. Ownership consisted of two partners looking to sell the company to de-risk and facilitate growth. Both partners were open to various deal structures and willing to stay with the company on a long term basis.

 

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Restoration Risk Management is a Wyoming based entity with partners in several international locations such as Thailand, United Kingdom and the United Arab Emirates. The acquisition of First Service Technology will facilitateRestoration Risk Management’s entrance into the Texas market.

Transaction Director, Luis Vinals, commented “The Central Texas Market is primed for growth across a variety of industries. The consolidation of the IT Services and IT Security sectors prove that now is the time to sell. Currently, buyers are paying sellers historically high multiples for their businesses in this space. In addition, Benchmark International’s Austin office, through its team of Analysits, Associates and Directors were able to uncover an international buyer based in Thailand and the UK with sufficient experience to run and grow First Service Technology. This is testament of Benchmark International’s market reach and understanding across all sectors.

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Benchmark International Has Successfully Facilitated the Sale Between West Sands Advisory Limited and Sibylline Limited

Benchmark International is delighted to announce the sale of West Sands Advisory to Sibylline.

Established in 2006, West Sands Advisory is a strategic intelligence and advisory firm that helps clients confidently navigate complex markets and commercial situations. It is a leading supplier of market entry, expansion and risk mitigation services with a particular focus on understanding and communicating the connection between politics, crime and business in emerging markets.

The company is an ideal partner to Sibylline, as a strategic risk and threat advisory firm that supports businesses, governments and NGOs through high quality risk and due diligence services. West Sands Advisory, therefore, adds significant expertise to Sibylline’s operations, as well as helps to increase its core geopolitical insight through its expanded and highly connected global network.

 

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West Sands Advisory’s former CEO, Tamara Makarenko, has become Head of Investigations at Sibylline, whilst West Sands Advisory’s employees have been integrated into Sibylline’s seven existing teams.

Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.

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Benchmark International has Facilitated the Acquisition of Paragon Plastics, Inc. by Ashley Industrial Molding, Inc.

Benchmark International has successfully facilitated the acquisition of Paragon Plastics, Inc. (“Paragon”) by Ashley Industrial Molding, Inc. (“AIM”). Paragon is an original equipment manufacturing company using thermoforming technology to produce custom plastic products for marine, industrial, busing, and aerospace industries.

Paragon was founded in 1993 by David Trout. The company produces high quality OEM components and offers a full range of services including CAD design, pattern milling, plastic forming, assembly, and finishing. The company’s proven track record, commitment to high-quality, professional work, combined with its advanced technology has enabled Paragon to establish a stellar reputation and build long-lasting client relationships.

 

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AIM, headquartered in Ashley Indiana, is a leading manufacturer of quality custom molded and painted plastic products and assemblies. AIM has manufacturing processes which encompasses capabilities in SMC Compression Molding, Reaction Injection Molding and Thermoforming. The primary marketplaces it services are the agricultural, industrial, construction, forestry and military markets. The company continues to expand its product capability and nationwide footprint through acquisitions. The Paragon opportunity became a good strategic fit for AIM’s growth.

David Trout, president and owner of Paragon stated, “The Benchmark team, with their knowledge and experience in M&A transactions far surpassed my expectations. After owning my business for 25 years, Benchmark found the perfect buyer to continue the Legacy. Thanks for all your help through this transaction.”

Regarding the deal, Transaction Director Leo VanderSchuur stated, “It was a pleasure to represent Paragon in this strategic transaction. On behalf of Benchmark International, we wish both companies continued success.” Senior Associate, Sunny Garten, added, “David 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 AIM.”

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Benchmark International successfully facilitated the acquisition of Bean, Whitaker, Lutz & Kareh, Inc. to CES inc.

Benchmark International has successfully facilitated the acquisition of Bean, Whitaker, Lutz & Kareh, Inc.Bean, Whitaker, Lutz & Kareh, Inc. (BWLK) by CES, Inc. BWLK provides land surveying, mapping, civil engineering, and land planning services in Florida.

BWLK has been in the land surveying, planning, and engineering services business since 1987. The company’s proven track record, commitment to high-quality, professional work, combined with its advanced engineering and surveying technology has enabled BWLK to establish a solid reputation and build long-lasting client relationships.

CES, Inc., a Maine-based firm of engineers, environmental scientists, and land surveyors is expanding its footprint to the Southeast. Denis St. Peter, President and CEO of CES, commented, “CES, Inc. has been utilizing M&A as one of our strategies to help achieve our growth goals over the past several years. By working with Sunny Garten, Leo Vanderschuur, and their team at Benchmark International to acquire Bean, Whitaker, Lutz & Kareh, Inc., we were able to identify and perform preliminary evaluations of several companies quickly and accurately within our targeted geographic area. Benchmark represented several prospective sellers that fit our criteria, and the responsiveness and quality of their initial teaser summaries and more detailed confidential information memorandums allowed us to optimize our search efforts to end up with the best company for CES, Inc. Their significant knowledge of the acquisition process, the sophistication of their systems (e.g., online data exchange), and their willingness to communicate deal structures based on their past experiences were all valuable to the success of our acquisition.”  

 

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Scott Whitaker, president and one of BWLK’s owners stated, “On behalf of everyone at BWLK, we are delighted to join the CES team. The more we learned about CES’ approach to its employees and clients, including its Best Places to Work recognition and past project awards, the more we grew excited about our partnership. By joining our professionals with theirs, we will offer new opportunities to our employees and continue our dedication to our clients and provide them the same high-quality services they enjoy.”

“I am honored to join CES as a Shareholder and to help be the link between Maine and Florida,” said Ahmad Kareh, also an owner of BWLK. “CES’ depth of engineering and environmental experts means that we will be able to collaborate with shared expertise to provide our clients with additional capabilities to reach their project’s goals.”

Regarding the deal, Transaction Director Leo VanderSchuur at Benchmark International stated, “It was a pleasure to represent BWLK in this strategic transaction. On behalf of Benchmark International, we wish both companies continued success.” Senior Associate, Sunny Garten, added, “Scott, Ahmad and their 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 CES.”

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Benchmark International has successfully facilitated the transaction between Logicalis South Africa (Pty) Ltd and Clarotech Holdings (Pty) Ltd & Clarotech Consulting (Pty) Ltd.

Benchmark International is pleased to announce the completion of a transaction between Logicalis South Africa (Pty) Ltd and the Clarotech group of companies including Clarotech Holdings (Pty) Ltd & Clarotech Consulting (Pty) Ltd. The deal was concluded by the transaction team based at the mid-market M&A corporate advisory’s African headquarters in Cape Town, South Africa in August of 2018.

The Clarotech group of companies specialise in Information and Communications Technology (ICT) providing consulting, physical product and support services to businesses throughout Southern Africa. Operating since 2001, the company satisfies the need for advice, solutions and ongoing service. Clarotech’s aim is to simplify ICT by supplying relevant solutions of value through proven end-to-end methodology.

Logicalis is an international multi-skilled solution provider supplying digital enablement services. The business boasts a well-curated customer base where it advocates for some of the world’s leading technology companies including Cisco, HPE, IBM, CA Technologies, NetApp, Microsoft, Oracle, VMware and ServiceNow. The Logicalis Group has annualised revenues of over $1.5 billion, from operations in Europe, North America, Latin America, Asia Pacific and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $4 billion.

 

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The similarities in business strategy, culture and ethos between the two companies have made this acquisition a “natural fit”, says Colin Fair, Managing Director and owner of Clarotech. “For the past few years, the management team has been looking for a company who could be a partner for us, one that would allow us to create something special from the marriage. We have been seeking a 1+1=4 scenario that would benefit our customers and our staff. This is what Clarotech has found in Logicalis.”

Commenting on this, Andre Bresler of Benchmark Corporate South Africa said: “This transaction affirms many analysts’ predictions of a positive climate for M&A in the TMT sector for 2018. Whilst there was defined interest from both up and down the supply chain in this acquisition, the strong cultural fit and clear synergies offered by the ultimate acquirer were evident from the outset. It has been a real privilege to have a hand in such an outstanding result for such outstanding clients.”

On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.

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benchmark International Negotiates the Sale of Mosher Engineering, Inc. to C.T.I. Consultants, Inc.

International M&A specialist, Benchmark International, has successfully negotiated the sale of Mosher Engineering, Inc. (“Mosher”) to C.T.I. Consultants, Inc. (“CTI”).

Headquartered in Raleigh, North Carolina, Mosher has been operating as a privately-owned provider of geotechnical engineering and construction materials testing services since 2003. The company routinely engages with owners, developers, engineers, and contractors for various types of commercial, industrial, and residential projects. The company’s sole shareholder, Bill Mosher, boasts over 20 years of experience as an engineer, and previously worked as an executive officer and Principal Engineer at Law Engineering, Inc.

With a strong presence across the Mid-Atlantic region of the United States, CTI is a full-service engineering consulting firm with its corporate headquarters in Richmond, Virginia, and branch offices at eight other locations. CTI was founded in 1984 and offers a wide range of services including geotechnical engineering and drilling, construction quality control, structural steel inspection, soils, concrete, and masonry testing and inspection, environmental consulting, quality assurance, roof consulting, core drilling services, and radiographic testing. With a staff of over 175 employees, CTI is able to ensure the smooth continuation of projects and avoid costly delays. The acquisition of Mosher represents an excellent addition to CTI’s growth strategy and further expands on its current North Carolina footprint.

“Benchmark International played an instrumental role in facilitating a successful acquisition,” said Mosher Engineering’s President and Owner, Bill Mosher. “From the beginning, the Benchmark team was diligent in identifying the perfect buyer for my business and brought multiple candidates to the table. Overall, CTI was the ideal fit from an acquirer standpoint and I’d like to extend a big thank you to Benchmark for the hard work and extraordinary effort that made this transaction a reality.“

Trevor Talkie, Senior Associate at Benchmark International, added, “It was a pleasure working with Bill Mosher both through the early stages of our marketing process and right through to the transaction closing. At the end of the day, Bill [Mosher] was able to exit his company on favorable terms and we’re thrilled by this successful outcome.” Director, Tyrus O’Neill, added, “Bill has built a tremendous business and we’re ecstatic to have brought his exit strategy goals to fruition. On behalf of Benchmark International, we wish both parties the best of luck moving forward.”

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Benchmark International has successfully facilitated the acquisition of Plastic Revolutions, Inc. to Industrial Container Services

Benchmark International has successfully facilitated the acquisition of Plastic Revolutions, Inc. to Industrial Container Services.

Plastic Revolutions, Inc. is a plastic recycling company that diverts post-consumer and post-industrial waste from landfills. The company receives plastic material in various forms from manufacturers, material recovery facilities, and brokers.

The acquirer, Industrial Container Services, is the largest provider of reusable container solutions in North America. The company offers the most complete container management systems available including reconditioning, manufacturing, distribution, used container collection and recycling services for all major industrial packaging types.

 

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Given the current market standards, the Benchmark International team decided to focus on synergistic buyers for the client. This allowed Plastic Revolutions to obtain the best possible value in a transaction as both parties would benefit from the acquisition. The acquirer can now bring plastic recycling in house.

Regarding the deal, Transaction Director Leo Vanderschuur stated “It was a pleasure to represent Plastic Revolutions in this transaction, and on behalf of Benchmark International, we are extremely pleased with the outcome. Allowing both the seller and acquirer to prosper and benefit is always an ideal end result.”

The President of Plastic Revolutions, John Hagan, stated that his experience with Benchmark International was top notch. "Benchmark was unbelievably helpful in assisting in the sale of my company. They explained the process and were in front of the pack the entire way to the finish line," he said. "I would highly recommend Benchmark to anyone wanting to sell their company."

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Benchmark International has successfully facilitated the acquisition of Central Window of Vero Beach, Inc. by Florida Window and Door.

Benchmark International has successfully facilitated the acquisition of Central Window of Vero Beach, Inc. by Florida Window and Door. Central Window of Vero Beach is a supplier and installer of windows, doors, and specialty screens for contractors and end-users.

Florida Window and Door and its affiliates have been in the replacement window business since 1983, and have successfully serviced over 80,000 residential and commercial properties throughout the Midwest, East Coast, and Florida. The company continues to expand its footprint through acquisition. Central Window fits well strategically with Florida Window and Door’s growth plan.

Wendy Labadie at Central Window stated that "Benchmark was very aggressive, in a professional way. The time is of the essencemindset proved to be beneficial to us. We would not have been able to find a qualified buyer without their vetting process.

 

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Scott Berman, President of Florida Window and Door commented, “Central Window provides us the opportunity to acquire a business that has been in business for over 38 years with a stellar reputation and qualified staff. The company allows us to further expand our geographic footprint in the State of Florida. We look forward to the opportunity of growing this business and welcome the employees of Central Window to our company.” Mr. Berman also added, “Benchmark was extremely helpful in the process and allowed us to complete the deal on schedule as a result of their guidance.”

Regarding the deal, Transaction Director Leo VanderSchuur stated “It was a pleasure to represent Central Window of Vero Beach in this transaction and, on behalf of Benchmark International, we are extremely pleased with the outcome. Allowingboth the seller and acquirer to prosper and benefit is always an ideal end result.”

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Benchmark International has successfully facilitated the merger between Network Technologies, Inc. and Automated Systems Design.

Benchmark International has successfully facilitated the merger between Network Technologies, Inc. and Automated Systems Design. Network Technologies, Inc.

(NTI) is an IT infrastructure design and planning firm, specializing in technology cabling, audio/visual design and control systems, security systems and wireless networks.

Automated Systems Design (ASD), is a nationwide provider of design, engineering, installation, and project management for workplace technologies for customers in a variety of industries. 

 

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Jeff Cook, President and majority owner of NTI said “The Benchmark team was very professional, responsive and provided great guidance during our entire transaction process. Having Benchmark on our side, focusing on the details of the transaction process, allowed our management team to continue to focus on the day to day running of our business. I would highly recommend partnering with Benchmark for any small to mid-size business owner that is considering the sale or merger of their firm. We are excited to be part of the ASD team and look forward to providing expanded services and capabilities to our clients through the synergies of the combined companies.” 

We are very pleased to welcome NTI, led by Jeff Cook and Scott Dupuis, to the ASD family. The combined companies of ASD and NTI is a strong strategic fit that will provide our customers a fully integrated design/build organization. NTI's experienced management team and operational staff will be a strong addition to our organization and we look forward to integrating the team over the next few months. We believe the merged companies further our goal to expand our service offerings to both NTI and ASD customers throughout the US. We look forward to building on the success of both organizations and to continue to grow our customer base through the strong reputation of delivering projects on time and budget.said Kevin Kiziah, President and CEO of ASD. 

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Benchmark International Facilitates the Sale of GPL Landscaping to Rotolo Consultants

Benchmark International is delighted to announce the acquisition of GPL Landscaping to Rotolo Consultants, Inc.

Benchmark International acted as the representative for GPL Landscaping throughout this transaction. This represents Benchmark International’s fourth successful deal closing in the Landscaping industry over the last two years. Benchmark International maintained a close relationship with the client to obtain a good value for both parties.

“The landscaping industry has become a hot sector for lower middle market M&A,” said Benchmark International Managing Director Clinton Johnston. “The volumes and multiples we are seeing now, as well as the sheer number of repeat buyers and closed transactions, especially below the Mason-Dixon Line, could never have been predicted even as recently as five years ago. While there is an exciting quantity of well-funded potential acquirers, each is looking for very specific criteria and will only pay the value sellers are demanding in cases where an exact match can be found for their criteria.”

 

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GPL Landscaping provides landscape maintenance and installation services to commercial and high-end residential accounts located in Florida. Approximately 80% of revenue is based on recurring maintenance programs. An established bank of customers made them a positive prospect for potential buyers.

Rotolo Consultants (RCI) Is a well-established regional landscaping company. RCI has designed, constructed, and maintained many of the most innovative and beautiful landscapes in the southeastern US. Through the years, they have evolved from a small family nursery business to one of the largest, most respected firms in the industry. “We are very excited about the acquisition of GPL Landscaping. (The company) comes with an experienced management team that has been at the core of its success,” said Keith Rotolo, president and CEO of RCI. “RCI will now be able to offer our extensive landscape and construction scopes of work to a new client base while aggressively growing the existing landscape maintenance presence that GPL had established. We will continue to explore acquisition opportunities in northwest Florida as well as in our core markets.”

Benchmark International Transaction Director, John Deeks, stated, “This transaction was not without its bumps and delays. However, as we knew that this client represented a perfect fit for the buyer in terms of geography, commercial to residential mix, level of recurring business, and management practices; we knew this was the right deal for our client and the valuation offered by RCI would be difficult to replicate. As a result, we fought hard to keep this deal on track, reminding the buyer of this compatibility at every opportunity and fighting through some unusually lengthy roadblocks.”

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Benchmark International Advises on The Sale of American Precision Fabricators to Alpine 4 Technologies, LTD.

Benchmark International has successfully facilitated the acquisition of American Precision Fabricators to Alpine 4 Technologes, Ltd.

American Precision Fabricators Inc. is located out of Fort Smith, Arkansas, and it is a steel-sheet manufacturing business. It provides assemblies and sub-assmeblies to original equipment manufacturers (OEM). The company supplies several industries with fabricated parts that it creates in-house. It offers several production capabilities with its state-of-the-art machinery. For over two decades, the company has been an industry leader for customers in the OEM markets.

Alpine 4 Technologies, Ltd. (ALPP) is a publicly traded enterprise with business-related endeavors in software, automotive technologies, electronics manufacturing, energy services and fabrication technologies, and industries that support those market segments. This acquisition was important for Alpine 4 Technologies to complete its industry platform strategy.

 

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President of American Precision Fabricators, Andy Galbach, said “Pulling Alpine and APF together would not have happened without Benchmark International’s reach and knowledge of the market. As a first time seller, the team at Benchmark International guided me all the way, from preparing to go to market to the actual closing table. The team was always responsive and always willing to help when needed. I would recommend any seller to engage Benchmark International for the sale of their business.”

Benchmark International Senior Associate, Luis Vinals, shared his thoughts on this transaction: "The Austin, Texas team truly enjoyed working with Andy in preparing the business to market and managing buyer relationships," he said. " We were always conscious that time was of the essence in this deal, and we focused our efforts in finding the right buyer within our client’s time expectations.”

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Benchmark International Facilitates the Sale of HiWAaY Information Services to 1stPoint Communications

 

Benchmark International has successfully facilitated the transaction between HiWAAY Information Services and 1stPoint Communications.

Since 1995 HiWAAY has provided hosting and email services, data center colocation, internet access and private network services to subscribers from its facilities in Alabama.

"The acquisition of HiWAAY’s assets builds on the success we have had with the acquisition of WebSite Source,” said Erik Levitt, 1stPoint’s CEO. “Access to retail subscribers is a very important part of our business plan. The HiWAAY name is well known in the local market and will provide us the building blocks that we need to service the marketplace in the southeastern United States, which we see as strategically important.”

1stPoint will continue to operate the HiWAAY facility in Homewood and will add the facility to its MPLS network, adding a number of private networking resources to HiWAAY’s existing products. The new services offered to HiWAAY clients will include 1stPoint’s line of collaboration tools, business texting, and more advanced hosting offerings including its virtual desktop environment. HiWAAY services, including email spam protection, will be added to other 1stPoint product offerings.

 

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“This is a great outcome for the customers, employees, and the owners of HiWAAY,” said Jason Mohprasit, one of HiWAAY’s two owners. Mr. Mohprasit and Mr. Chris Campbell grew HiWAAY from 2010 to 2018, migrating the business from a dial-up and DSL provider into an advanced hosting provider. “We are very excited to see 1stPoint’s team take the business to the next level,” added Mr. Campbell.

Benchmark International represented HiWAAY in the transaction and was responsible for the introduction to 1stPoint.

“We are very pleased with the outcome of this transaction” said Robert West, Senior Associate at Benchmark. “The transaction went smoothly and we hope that we can work with Benchmark on future projects,” added Levitt. Benchmark provides growth and exit strategies to businesses interested in creating transformative events.

“We welcome the HiWAAY team and look forward to working with the clients and expanding our relationship with them,” added Kristen Vasicek, the Director of Marketing for 1stPoint, who was involved in the acquisition. “HiWAAY’s reputation as being an outstanding service provider with a nationwide capability but a local touch will help us continue to establish our New Way to Work strategy.”

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Benchmark international Facilitates the Acquisition of Urban Design Group PC to Dunaway Associates LP

Benchmark International has successfully facilitated the acquisition of Urban Design Group PC to Dunaway Associates LP. Benchmark International worked hard to find a buyer that was a good cultural fit for the business and would allow each of the three principals achieve their personal goals.

Urban Design Group PC is a Texas-based professional firm that provides a full range of civil engineering, urban design, and surveying services to a diverse group of clientele in the Austin market. UDG has been "shaping the urban environment" since 1981. UDG brings 37 years of engineering experience to the Austin, Texas area, and this experience will be beneficial in the years to come through their new partnership.

 

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A professional services company with over 60 years of delivering results and an expansive footprint in the state of Texas, Dunaway was an obvious choice for a buyer. Dunaway provides services including civil engineering, structural engineering, planning and landscape architecture, environmental and surveying. The acquisition of UDG will provide Dunaway with surveying and planning operations , two services the firm offered in its other offices but were missing in Austin.

Laura Toups of Urban Design Group stated “The Benchmark International Austin team brought invaluable results to this transaction for us. They put our personal and professional objectives at the front of their objectives in driving this deal through to the end. They presented us with a variety of potential buyers to fit our needs. In the end, they were able to provide a buyer that would culturally align with our vision. We would highly recommend the Benchmark International team of experts to anyone planning to successfully exit their business.”

Benchmark International’s Transaction Director, Luis Vinals, commented “Clients like John, June, and Laura, are a true pleasure to work with. Throughout the engagement, they were communicative, responsive, and most importantly, straight forward with their objectives. This allowed the team to have a clear mission and effectively execute a plan to bring a successful result. Having a client that is open to collaborating with our process is crucial to achieving success in the open market and our clients were very cooperative. Ultimately, the deal allowed each individual owner to meet their goals. This was a great result all around!”

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Benchmark International Facilitates the Sale of Technical Resource Group to White Wolf Capital, LLC.

Benchmark International has successfully facilitated the sale of Technical Resource Group to White Wolf Capital, LLC.

Technical Resource Group is a Texas-based IT Staffing firm that provides contract, contract-to-hire, and direct hire placement services to technical professionals in a number of industries, including transportation, IT, food, financial, healthcare, and government.

White Wolf Capital, LLC is a private equity firm that began operations in late 2011 and is focused on making control-investments in leading middle market companies. It practices a solutions-oriented and flexible investment approach with experience in leverage buyouts, management buyouts and recapitalizations.

 

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In reference to the transaction, Scott Clary, owner of Technical Resource Group, explained his experience with Benchmark International. “I never thought there would be such an aggressive market for my company. The Benchmark International team was very professional and knowledgeable throughout the entire process. Having an experienced M&A advisor, like Benchmark International, allowed us to solely focus on top-quality buyers in the market for our company” he said. “In addition, the Benchmark International team also ensured that any buyers they presented culturally aligned with the values my company stands by.”

Benchmark International Director, Luis Vinals, added “Having a client like Scott, a man who loves his business, is always a joy. Throughout the entire process, he was communicative and collaborative. With the Benchmark Team at his side, Scott was able to procure the deal he desired. Open communication allowed us to have strategic conversations that ultimately lead to a great deal for our client.”

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Benchmark International Facilitates the Sale of Sonne Tribble, LLC

Benchmark International has successfully facilitated the sale of Sonne Tribble. LLC dba Chris’s Custom Cabinets. Chris’s Custom Cabinets is a well-established manufacturer of high-end, custom cabinets for luxury home builders, remodelers, and individual homeowners.

The acquirer is a high net worth individual who was looking to acquire and run a single business in the Mid-South region. This individual’s experience in the construction industry and personal hobbies made this venture a good fit. The buyer plans to continue the legacy of Chris’s Custom Cabinets and make the business grow.

The Benchmark International team put in the man power to search various local markets to find the perfect buyer for this organization. In addition, the team worked alongside all involved parties to see the deal through to completion. Benchmark International brought its expertise to the table to bring the deal through to the closing. The deal was accomplished by utilizing the SBA program, which provided the prior owner a liquidity event and exit strategy.

 

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Eric Sonne, the now former President of Chris’s Custom Cabinets, stated, “Benchmark International’s fingerprint solution proved to be exactly what we needed in order to find the right buyer and deal. No detail was overlooked. We are confident in the buyer’s ability to successfully run and grow what we’ve built over the past several years.”

Benchmark International Senior Associate, Robert West, worked closely on this deal from start to finish. He stated “We are excited for our clients, Eric Sonne and Ben Tribble, on the sale of Chris’s Custom Cabinets. The sale is undoubtedly a win for both sides. The investor assumed the helm of a very reputable established business while our clients were able to obtain liquidity and free up bandwidth for other business interests.”

WE ARE READY WHEN YOU ARE.

Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.

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Benchmark International Facilitates the Sale of Residential Air Conditioning Services LLC to Coastland Enterprises LLC DBA Temperature Pro

Benchmark International has successfully represented Residential Air Conditioning Services LLC in their sale to Coastland Enterprises LLC DBA Temperature Pro.

Residential Air Conditioning Services, LLC provides AC service, repair, and AC installation, as well as heating repair in Houston, Texas. The company services and installs all brands of HVAC-R equipment for commercial and residential customers as well as for new construction.

The Benchmark International team worked hard to find a buyer that would be a good fit for Residential Air Conditioning Services, LLC. Ultimately, the team found a buyer that was looking to expand its market share in the Houston area, and they got the client the best value for his business. The acquirer, TemperaturePro®, is a growing professional air conditioning and heating service with many locations throughout the United States.

 

Ready to explore your exit and growth options?

 

Lance Abney, owner of Residential Air Conditioning Services, LLC stated “Working with Benchmark International allowed me to achieve my exit goals within an appropriate timeline. The team at Benchmark International’s Austin office was able to reach out to a multitude of buyers to find a deal that fit my needs. I would recommend using Benchmark International to anyone looking to sell their business.”

Senior Associate, Luis Vinals, said working with Mr. Abney was a rewarding experience. “Clients like Lance, who are true entrepreneurs and risk takers hit close to home as they have the most at stake. We found that by having his knowledge of the industry, along with Benchmark International’s experience in deal flow, allowed for a thorough search of the market and revealed the best buyer. We negotiated a deal that removed the heavy burdens that running a business has on an owner. A great result!”

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Lightning Package Client Testimonial {video}

 

Benchmark International is delighted to announce the sale of Lightning Package to Bunzl.
Watch the client testimonial video here: https://vimeo.com/277326226

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Benchmark International has Successfully Facilitated the Transaction Between FastSMS Ltd and Esendex Limited

Benchmark International is pleased to announce the transaction between Droitwich-based FastSMS and London-based Esendex.

FastSMS is a web-based SMS text messaging system provider enabling organisations throughout the UK to send and receive text messages via web browsers, email or by integrating applications through its application programming interface (API).

Do you have an exit or growth strategy in place?

Esendex is a provider of secure business SMS solutions, delivered via its online platform, email-to-SMS, or its API. The company has a global presence with offices in Nottingham, Barcelona and Melbourne which are served by a 140 strong team.

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Benchmark International Facilitates the Acquisition of UBEO Business Services to Sentinel Capital Partners

Benchmark International is pleased to announce it has successfully facilitated the acquisition of UBEO Business Services to Sentinel Capital Partners.

UBEO, Benchmark International's client, headquartered in San Antonio, Texas, is a provider of best-in-class document management equipment and related services. UBEO facilitates business technology integration by offering the newest, best, and most innovative ideas in hardware and software solutions to its customer base of approximately 6,000 mid-sized businesses, schools, and municipalities. With a team of more than 225 salespeople, technicians, and support staff, UBEO sells and services globally-recognized copier and printer equipment in major Texas metropolitan markets and operates seven sales sites serving the San Antonio, Austin, Dallas-Fort Worth, and Houston metropolitan areas.

Jim Sheffield,President and CEO of UBEO, said "We are very proud of the reputation we have built. UBEO outperforms its competition in the service categories that our customers value most – technical capability, service quality, and on-time delivery. Partnering with Sentinel well positions us for our next phase of profitable growth."

 

Ready to explore your exit and growth options?

 

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and attractive growth prospects. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth financings. Their motto is to provide "private equity to talented executives and helping them to build great businesses and realize their boldest dreams."

Scott Perry, a partner at Sentinel, explained "We are very excited about the acquisition of UBEO and partnering with a regional market leader with a stable, highly recurring business model, high margins and strong free cash flow characteristics. As the largest independent dealer in Texas, UBEO is a scalable platform and ideal for consolidating its highly fragmented industry. We are very pleased to partner with a highly experienced, talented, and strongly committed management team that has a proven record of profitable growth."

Sentinel Capital Partners has made several notable acquisitions in the last 12 months. Besides acquiring UBEO, Sentinel has made four other platform investments – Altima Dental, a leading dental services organization in Canada; Captain D’s, the leading franchisor and operator of seafood quick service restaurants; MB2 Dental Solutions, a rapidly-growing regional dental service organization with a unique physician-centric ownership model; and Nekoosa, a leading manufacturer of specialty paper and film products used in the graphics and commercial print markets. During this same period, Sentinel sold Checkers & Rally’s Restaurants, an iconic and innovative drive-thru restaurant chain; Huddle House, a leading franchisor of family dining restaurants in the Southeast; National Spine & Pain Centers, a leader in interventional pain management; Playcore, the leading North American designer, supplier of play, park, and recreation products; and WellSpring Consumer Healthcare, a portfolio of high-performing OTC healthcare brands.

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Benchmark International has successfully facilitated the sale of Malone Finkle Eckhardt & Collins to RTM Engineering Consultants

Malone Finkle Eckhardt & Collins, Inc. is a leading mechanical, electrical, and plumbing engineering firm specializing in commercial construction. The company has extensive experience in several different industries and has completed numerous projects for national retailers and hospitality companies throughout the US. Located in Springfield, MO, and Overland Park, KS, the company is licensed to perform work in all forty-eight contiguous states. Over its thirty-five years in operation, Malone Finkle Eckhardt & Collins, Inc. has successfully completed hundreds of large-scale retail and hospitality projects.

Rod Finkle, President of Malone Finkle Eckhardt & Collins, Inc. commented, “We are excited about the acquisition and RTM’s future capabilities with the firm. Benchmark International’s transaction team provided a great buyer that fits perfectly with the culture of our company. Tyrus, and the team quickly sourced a motivated buyer which eventually turned into our exit strategy. We would like to extend a special thanks to the team that quickly brought us results in finding the right buyer.”

Tyrus O’Neill, Managing Director at Benchmark International, stated, “It was a pleasure to represent Rod and the firm in this transaction, and on behalf of Benchmark International, we are extremely pleased with the outcome. The acquirer and seller have numerous strategic synergies which has led to a great process and result. Overall, this has been a thoroughly satisfying experience and we wish both parties the best of luck moving forward.”

Established in 1981 and headquartered outside Chicago, RTM Engineering Consultants integrates MEP/FP and civil engineering services with sustainable design as a given. The firm goes beyond a typical consulting role and becomes a partner to clients by aligning with the goals, processes, and people at each organization. Licensed in all 50 states, its portfolio spans major market sectors nationwide. For more information,
visit www.rtmassociates.com.

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Benchmark International facilitates the acquisition of builder security group

Benchmark International is delighted to announce the acquisition of Builder Security Group is complete. Benchmark International, as the sell-side representative, was able to bring an ideal buyer to the table to close this sale.

The closing of the Builder Security Group acquisition marks the tenth US deal completion for Benchmark International in 2018. Benchmark International's Global CEO, Gregory Jackson, stated "This record-setting quarter looks to end on a high note, and quarter two is moving with great momentum as well."

Builder Security Group is a security installation and monitoring company located in San Antonio and Austin, Texas. It is an all-in-one resource for all finishing touches that go along with a new home, from security products and monitoring to home theater systems and networking. Its experience and reputation, along with the vast selection of products and services it offers, has helped Builder Security Group form a reputation in San Antonio and the surrounding areas as a premiere outlet for homeowner and homebuilder needs.

Builder Security Group was acquired by a buyer seeking to spread its national footprint, specifically its expansion in to the state of Texas. Builder Security Group will continue its business in security products and monitoring.

Managing Director, Kendall Stafford stated “The team and I enjoyed working with BSG [Builder Security Group]. We were fortunate that there were many options in the market and that BSG was able to choose a party that could provide it with a tax advantageous structure for a high multiple. The negotiations ended in a win-win for all parties.”

Clinton Johnston, Managing Director at Benchmark International's US Headquarters, explained the quarter's feats in more detail. "This year we've closed US transactions with private and public trade buyers, high net worth individuals, private equity funds, and management buyout teams," he said. "This continuing broad, but fairly standard, mix of buyers bodes well for the near-term market. In this case, the need establish a presence in the looming Texas markets drove value for this particular buyer and allowed us to negotiate for very favorable deal terms in areas of high importance for our client. We are seeing this as an exploding trend in the Lonestar State.

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Benchmark International Facilitates The Sale Of Challenger Pools Of Tampa To Cody Pools Of Florida

Benchmark International has successfully facilitated the transaction between Challenger Pools of Tampa,Inc., and Cody Pools of Florida, LLC, a portfolio company of Prospect Partners, a Private Equity fund.

Benchmark International Managing Director Dara Shareef stated, “We would like to congratulate our clients, Bruce & Carolyn Esquinaldo, on the sale of Challenger Pools. The proceeds will allow them to retire and enjoy the fruits of their labor.”

 

Ready to explore your exit and growth options?

 

Challenger was the largest pool builder in the Tampa Bay area. Benchmark International has a relationship with Prospect Partners, which owns one of the largest pool builders in the country, Cody Pools. Benchmark ran a full marketing process that attracted both financial and strategic buyers, but ultimately utilized its relationship with Prospect to help secure a good exit price for the sellers.

WE ARE READY WHEN YOU ARE.

Call Benchmark International today if you are interested in an exit or growth strategy or if you are interested in acquiring.

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Benchmark International, has successfully facilitated the sale of Sun Coast Hydraulic Electric MFG.,Inc. to Scott Industrial Systems, Inc.

International M&A specialist, Benchmark International, has successfully facilitated the sale of Sun Coast Hydraulic Electric MFG.,Inc. (“Sun Coast”) to Scott Industrial Systems, Inc. (“Scott Industrial”).

Based out of Jacksonville, FL, Sun Coast is a fully-integrated manufacturer of electric control panels and hydraulic power units.

Scott Industrial is a full-line fluid power distributor headquartered in Dayton, Ohio. The company offers sales and service expertise in hydraulics, pneumatics, and electronic control systems. The company currently serves customers in Ohio, Kentucky, Indiana, Illinois, Western Pennsylvania, West Virginia and Tennessee. Through this acquisition, Scott Industrial continues to expand its nationwide geographic footprint.

 

Ready to explore your exit and growth options?

 

Tim Sparks, the founder at Sun Coast, commented, “We are thankful for the role Benchmark International played in the acquisition process. They brought a knowledgeable team to the table and were able to push it through to the end. We are confident this relationship with Scott Industrial Systems will allow us to better serve our clients, and we look forward to the growth to come.”

Dara Shareef, Managing Director at Benchmark International, stated, “It was a pleasure to represent Sun Coast in this transaction, and on behalf of Benchmark International, we are extremely pleased with the outcome. Allowing both the seller and acquirer to prosper and benefit is always an ideal end result.”

Senior Associate, Sunny Garten, added, “Sun Coast is a UL electrical panel manufacturer with many years of experience in the car wash, industrial, and waste water industries. We’re excited to see that this legacy will be preserved and enhanced through this transaction with Scott Industrial. On behalf of Benchmark International, we wish the parties the best of luck moving forward!”

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Benchmark International Facilitates the Sale of Database-Brothers, Inc. to 3rd Millennium, Inc.

Benchmark International is delighted to announce that 3rd Millennium has successfully completed the acquisition of Database-Brothers, Inc.

Database-Brothers, Inc. is a developer of database performance tuning software located in Austin, Texas. 3rd Millennium, Inc., a publisher of software products located in Waltham, Massachusetts, was looking to expand its market reach and product offerings. An acquisition with Database-Brothers, Inc. was a viable option and made it possible to achieve this goal.

The Database-Brothers, Inc. CEO expressed “The greatest measure of a company is doing what they say they will. In the case of Benchmark [International], they not only did what they said they would, but also, did more. I would definitely use them again and would recommend them to anyone who asked.”

 

Ready to explore your exit and growth options?

 

President and CEO of 3rd Millennium, Ousama Shamma, stated “Working with Benchmark [International] has been very productive and efficient. Throughout the process they were constantly engaged, followed up on all the issues, and provided a professional and courteous atmosphere that enabled the deal to complete in a timely manner.”

Database-Brothers Inc. will continue to operate under the name DBI Software as a division of 3rd Millennium. Employees from both companies will work on all combined software products and services.

Benchmark International analyst, Keegan Rinn said “Both our client and the acquirer were eager to close the deal quickly and efficiently. We streamlined the process as much as possible and tried to be proactive instead of reactive to any problems that could have occurred.”

 

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Benchmark International facilitated the transaction between Solis Medical Laboratories (SML), Inc. and De Novo Diagnostics, LLC

Benchmark International has successfully facilitated the transaction between Solis Medical Laboratories (SML), Inc. and De Novo Diagnostics, LLC. SML is an independent medical laboratory that offers clinical laboratory testing, phlebotomy, and courier services. De Novo Diagnostics offers services in the field of companion diagnostics, therapeutic drug monitoring and molecular diagnostics in autoimmune diseases and cancer biology.

With experience in the field, De Novo Diagnostics, was looking for an opportunity to form a platform business in the Houston area, and SML presented that opportunity. Benchmark International worked alongside SML to obtain the best result.

Founders Cleve and Margie Stoy commented, “It was very important to have Benchmark International lead the deal for us. The team was very responsive to all our questions and would always explain everything in detail. They were involved every step of the way. The Benchmark International team remained conscious of the confidentiality of the transaction, while they were marketing the opportunity, to avoid creating any disturbances in our day to day operations.”

Benchmark International Senior Associate Luis Vinals stated “Cleve and Margie were wonderful clients to work with. They were engaging and always responsive to market enquiries. Our team’s market research, dedication, and effort resulted in sourcing a buyer that met our client’s expectations. Not only was the buyer able to meet our clients’ expectations, but the deal allowed Cleve and Margie to exit their business within their desired timeframe.”

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Benchmark International Advises on the Sale of Partner Group (UK) Limited to Fastflow Group Limited

Benchmark International is delighted to announce the sale of Partner Construction to Fastflow Group.

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Benchmark International Advises on the Sale of Waste Check Limited to Reconomy Limited

Benchmark International has successfully facilitated the sale of Waste Check Limited to Reconomy Limited.

Waste Check is a waste broker and management company specialising in the disposal of clinical and chemical waste materials for companies operating in numerous business sectors.

The acquirer, Reconomy, is a recycling and waste management service provider to the house building, commercial construction, infrastructure, and business & industry sectors. It was identified as an excellent fit for Waste Check, as it has allowed Reconomy to diversify into general and hazardous waste.

Reconomy has also been hot on the acquisition trail, acquiring companies in both 2015 and 2016, and through this and organic business growth the company achieved a revenue of £118m in 2016 and is predicting revenues of £135m by the end of 2018.

 

Ready to explore your exit and growth options?

 

Chief Executive of Reconomy, Paul Cox, said: “This is an important acquisition for Reconomy, which enables us to extend our waste management offering into a broader range of industries and commercial sectors. We will continue to expand our business portfolio and invest in the companies we acquire to enhance both their technological and waste reporting capabilities. This will help ensure our customers receive the best possible service. Waste Check is a family-run business with an established reputation for delivering excellent customer service, so its culture will align very well with that of Reconomy. We are looking forward to a long and prosperous future together.” 

Commenting on the process, Mark Jenkins, director and shareholder at Waste Check said: “The support, direction and advice you [Benchmark International] gave us from all areas of your business was first class and professionally delivered. We would not have been able to conclude the deal at such a high value without the input of your entire team. The feeling of elation at completion was something we will always remember. A truly great decision we took to sell our company supported by a truly professional and knowledgeable team. We thank you all so much for the way you realised our dream after 10 years to sell Waste Check as a going concern, which will see it flourish further under its new owners in the waste management industry.”

Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.

Reconomy website: https://www.reconomy.com/services/skip-hire  

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Benchmark International Advises on the Sale of Atlanta Biologicals, Inc. to Bio-Techne Corporation

Posted on February 6, 2018 By in Atlanta + Deal completions + Success + Biologicals

Benchmark International has successfully facilitated the stock sale of Atlanta Biologicals, Inc., and its affiliated company Scientific Ventures, to the Bio-Techne Corporation (NASDAQ: TECH). The transaction is financed through available cash on hand.

Charles R. Kummeth, President and Chief Executive Officer of Bio-Techne, commented, "Atlanta Biologicals is a great fit with the Bio-Techne product portfolio as we continue to expand our cell culture and tissue regeneration capabilities. Many of our products are used in tissue culture applications and the Atlanta Biologicals fetal bovine serum (FBS) product line strengthens and complements our current tissue culture reagents offering and furthers our efforts to provide more complete solutions to our research customers. With the increasing interest in 3D cell cultures and other cell based clinical applications, we believe there is value in providing customers alternative and reliable sources of high quality FBS and other tissue culture reagents. Having better tools to study cell behavior in physiologically relevant environments and high quality reagents increases researchers' confidence in the experimental findings.“

Atlanta Biologicals President, Renate Gerle, added, “We are confident with the strategic fit between the two companies given our shared commitment to providing quality products and excellent customer service. Atlanta Biologicals is pleased to have Bio-Techne as a partner, enabling us to expand and enhance our products offering. Bio-Techne's resources and additional market channels will have a positive impact on our business and allow us to serve our customers more efficiently both in the North America and globally.

I would also like to take a moment and thank Benchmark International for their expertise throughout the sale. Naturally, selling a business is a major step, but Benchmark made it a truly seamless process. We had spoken with a number of industry specialist prior to engaging Benchmark; however, Benchmark’s proven ability to negotiate the best deal, their structured team approach, their numerous resources to attract both domestic and international buyers paired with their in-depth knowledge about our industry ultimately determined our decision. I will admit, I was very apprehensive when we first started but Benchmark made the process smoother than expected. They were taking an active lead from start to finish and ultimately delivered the best results we could hope for. I was surprised and impressed by the amount and quality of buyers brought to the company and how all aspects of every potential opportunity were evaluated to achieve the best outcome for the owner and the company. Looking back, I clearly feel industry specialist would not have been able to provide us with this extent of options and analysis. Hearing about the process upfront and then watching it become implemented in real-time reinforces that engaging Benchmark was the best decision and fit we could have made to sell the business. My advice to any owner who genuinely wants to achieve the best results would be to engage with a global specialist like Benchmark rather than over-focusing on industry buyers.”

Bio-Techne Corporation (NASDAQ: TECH) is a leading developer and manufacturer of high quality purified proteins––notably cytokines and growth factors, antibodies, immunoassays, as well as biologically active small molecule compounds --- which are sold to biomedical researchers and clinical research laboratories; these operations constitute the core Biotechnology Division, headquartered in Minneapolis, Minnesota.

Atlanta Biologicals was founded in 1992 and has focused on supplying cell culture sera, media and reagents for the life science research market. It is located in Flowery Branch, Georgia and has approximately 25 employees. The acquisition is expected to be slightly accretive to Bio-Techne's adjusted earnings per share for its fiscal year 2018.

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Benchmark International Completes Sale of Fast of Florida, Inc to Southern Air & Heat Holdings

International M&A specialist, Benchmark International, has successfully negotiated the sale of its client, FAST of Florida, Inc. (“FAST”) to Southern Air & Heat (“Southern HVAC”), a portfolio company of MSouth Equity Partners, an Atlanta-based private equity firm.

Based in Clearwater, Florida, FAST is a leading provider of heating, ventilation, and air conditioning (HVAC), plumbing and electrical sales, installation, and maintenance services to the residential and commercial markets. In 1972, the company was established as a small air conditioning repair shop by Eddie Vaughan. Eddie’s wife, Melissa, joined the company in the early 1980’s, assisting with administrative duties and bookkeeping. As the company grew, FAST evolved to expand its service offerings in order to remain competitive and add additional revenue streams. In 2005, Mr. Vaughan passed away after a long illness, and Melissa assumed ownership of the business. Under Mrs. Vaughan’s leadership, FAST has continued to experience tremendous growth while continuing to offer the same level of quality service the company was built upon. Today, the company employs nearly 50 people serving Pinellas County, Florida and the surrounding markets.

 

Ready to explore your exit and growth options?

 

Headquartered in Orlando, Florida, Southern Air & Heat is a leading provider of essential maintenance, repair, replacement and new installation services for the residential and commercial HVAC markets. Currently, the Company serves over 100,000 homeowners across its target markets. Southern HVAC is financially backed by MSouth Equity Partners, a private equity investment firm that provides equity capital and expertise to support management teams of lower middle market companies. Founded in 2007, MSouth manages $1.3 billion with three active funds, and is the successor to Cravey, Green & Wahlen, which was founded in 1984.

President of FAST, Melissa Vaughan, stated, “Benchmark International played an instrumental role in helping me to exit my family legacy business gracefully. The team did an outstanding job of marketing my business toward motivated buyers, and ultimately finding the perfect fit in Southern HVAC. I would like to thank the Benchmark transaction team for the extraordinary effort in making this transaction a reality.”

“Our focus was to find the acquirer that shared FAST’s passion and commitment to providing a personalized level of service while retaining the culture that Melissa has worked so hard to preserve,” said Trevor Talkie, Senior Associate at Benchmark International. “FAST is a compelling addition to MSouth’s growing HVAC platform, and we are truly honored to have worked alongside Melissa and her team toward this successful outcome.”

Tyrus O’Neill, Director at Benchmark International added, “After the journey Melissa has been through, we’re happy to see the process reach an ideal end result. On behalf of Benchmark International, I’d like to wish both parties the best of luck moving forward.”

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Benchmark International Advises on the deal between Sui Generis Holdings Limited to Milbank Concrete Products Limited

Benchmark International is pleased to announce that a deal between Sui Generis and Milbank has been agreed.

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Benchmark International Advises on The Sale of Levy Brothers & Knowles Limited to NNZ

Benchmark International is pleased to announce that a deal between Levy Brothers & Knowles Limited (LBK) to NNZ has been agreed.

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Benchmark International has Successfully Facilitated the Sale of Canaide Inc to Apprio Holdings, LLC.

Benchmark International has successfully facilitated the sale of Canaide, Inc. to Apprio Holdings, LLC.

Canaide, Inc., hereinafter referred to as Canaide, is a revenue cycle management firm located in Central Florida. They are a provider of outsourced, self-pay services to hospitals across the Southeastern United States. The acquirer, Apprio Holdings, is a provider of specialized technology solutions, particularly for the Health, Defense and Homeland Security markets. They are headquartered in Washington, D.C. and now have 11 total offices from coast to coast.

Art Seypura, owner of Canaide, stated, “Benchmark made the sales process timely and seamless. We went to market just a few short months ago and they quickly found a great cultural fit that would allow me to step away quickly from the helm while partaking in future growth under the guidance of Apprio.”

Benchmark International Director, Dara Shareef, stated, “We are really excited that we were able to successfully locate a buyer for Art Seypura and Canaide. Every facet of this process, from engagement to close, went smoothly thanks to the dedication and effort from both the sell-side and buy-side teams.”

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Benchmark International Facilitated the Transaction between Silexx Financial Systems and Chicago Board Options Exchange

Benchmark International has successfully facilitated the transaction between Silexx Financial Systems, LLC and Chicago Board Options Exchange (CBOE). Headquartered in Chicago, IL, CBOE is the largest U.S. options exchange in the nation. Silexx Financial Systems, LLC is a broker-neutral, multi-asset class trading platform in Sarasota, Florida.

Thomas Frey, president and majority owner of Silexx Financial Systems, LLC stated, “I would like to thank Benchmark International for their persistence, and focus during this transaction. As is often the case, this transaction faced numerous challenges during each stage of the process. The Benchmark team remained focused, and leveraged their experience to maintain forward progress during difficult times of the process.”

 

Ready to explore your exit and growth options?

 

Benchmark International Director Dara Shareef stated, “We would like to congratulate our clients, Silexx Financial Systems, LLC, Thomas Frey, and Michael Williams, as well as the buyer, Chicago Board Options Exchange. This acquisition enhances the CBOE delivery model and provides its customers industry-leading data analytics and trade execution tools for more than three dozen global markets. The buyer truly valued our client’s existing OEMS platform and access to major global markets in North America, Europe and Asia. We feel this deal was a win-win proposition for both CBOE and Silexx, and we wish them both all the best in the future.”

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Benchmark International Advises on the Deal Between SigmaRoc and Topcrete Limited

 

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Benchmark International Completes Sale of Central Florida Solar, Inc. to Wayfare Impact LLC.

Benchmark International has successfully negotiated the sale of Central Florida Solar, Inc. (“CFS”) to Wayfare Impact LLC (“Wayfare”).

Based in Altamonte Springs, Florida, CFS operates as a multi-service solar energy provider that designs, sells and installs solar energy systems for water heating, pool heating and solar electric power. The company primarily services the residential sector across the Orlando, Florida market. The company’s owner, Bill Park, has been designing and installing solar energy systems since 1984 and has completed the Florida Solar Energy Center’s photovoltaic system design program.

Since 2000, CFS has been committed to providing clean energy options that are both cost effective for the consumer and environmentally friendly. Since inception, the company has grown from a small family business to a profitable venture. The company’s technical knowledge, experienced staff, and professionalism not only ensure client retention, but foster additional growth opportunities within the industry.

 

Ready to explore your exit and growth options?

 

Headquartered in Miami, Florida, Wayfare is a privately-owned investment firm with a focus on U.S. investments. Wayfare pursues a multitude of sectors and markets from an investment standpoint; however, the group primarily focuses on growth companies with clear potential to be not only profitable, but to have a positive impact on the environment. Today, Wayfare is further expanding its portfolio of socially responsible and environmentally conscious companies with the acquisition of CFS.

President and Founder of CFS, Bill Park, stated, “Benchmark International played an instrumental role in bringing my exit strategy to fruition. The team did an outstanding job of marketing my business toward motivated buyers, and even lined me up with first-rate legal counsel as the deal entered more mature stages. I would like to thank the Benchmark transaction team for the extraordinary effort in making this transaction a reality.”

Benchmark International’s Senior Associate, Trevor Talkie, added, “We have really enjoyed working with our client, Bill Park, and bringing to the table an acquirer with many of the same core values. Bill has built an excellent business over the years and this acquisition by Wayfare is a testament to the value CFS provides. I’d like to take this opportunity to wish both parties the best of luck moving forward.” Tyrus O’Neill, Director at Benchmark International, stated, “It was a pleasure to represent CFS in this transaction, and on behalf of Benchmark International, we are extremely pleased with the outcome. A win-win for the buyer and the seller is always an ideal end result.”

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Benchmark International Advises on the Sale of Rochester Electro-Medical to Advantage Medical Cables

Posted on September 26, 2017 By in Blog + Deal completions

Benchmark International has successfully facilitated the sale of Rochester Electro-Medical, Inc to Advantage Medical Cables, a portfolio company of HealthEdge Investment Partners. The complementary nature of the acquisition is expected to enable both companies to build on their strengths and solid proprietary businesses, uniting the AMC, LifeSync and Rochester brands, to provide one of the most robust and diverse product lines in ECG, SpO2, NIPB, IBP, EMG, EEG, IOM, PSG, EP and Cath Labs.

The combined companies are expected to become one of the largest players in the US market.

Rochester Electro-Medical, Inc, is a manufacturer and distributor of a variety of Class I and Class II medical devices for use in hospitals and clinics. The primary products sold are reusable and disposable supplies used in neurodiagnostic and neuromonitoring procedures. The company has been family owned and operated by the Berkins family since 1960, spanning three generations of family members at the executive level. The acquirer, Advantage Medical Cables (AMC), is an active portfolio company of HealthEdge Investment Partners (HealthEdge). AMC is based on Coral Springs, FL and is a manufacturer and distributor of accessories for the patient monitoring market. HealthEdge is based in Tampa, FL and is the control investor of AMC as part of their Fund II.

 

Ready to explore your exit and growth options?

 

The Rochester Electro-Medical, Inc shareholders stated, “We would like to thank the team at Benchmark International for their expertise, hard work and dedication in helping us find the perfect partner for our business with AMC and HealthEdge. Benchmark effectively marketed the growth occurring in our business in order to negotiate and procure the highest possible value, while guiding and supporting us throughout the entire process. We are very proud of our company’s history and dedication to our industry and customers, but we recognized it was time to move on to new ventures in our lives. Benchmark brought the same level of passion, innovation and energy to facilitating our exit that we brought every day as owners.”

Graham Woodard, Senior Associate at Benchmark International, added, “Being able to support a client in such a positive acquisition is rewarding for our entire team. We truly enjoyed working for our client at Rochester Electro-Medical and the group at HealthEdge and AMC were equally pleasurable to work alongside. On behalf of Benchmark International we would like to wish both sides the very best in future endeavors.”

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Cade & Associates Advertising, Inc Acquired by Eyeworks Advertising, Inc

Posted on September 26, 2017 By in Blog + Deal completions

Benchmark International has successfully facilitated the sale of Cade & Associates Advertising, Inc. to Eyeworks Advertising, Inc.

Cade & Associates Advertising, Inc. is a full service advertising agency that focuses on creative design, production and account management of digital media, social media, and in-house video production services. Cade also offers a full slate of traditional agency services like graphic design, brand development and media planning and placement. Cade & Associates Advertising, Inc. has been operating in the Tallahassee, Florida for close to a quarter of a century and has over 100 clients across a number of different industries.

 

Ready to explore your exit and growth options?

 

The acquirer, Eyeworks Advertising, Inc. is led by entrepreneur Robert Marshke. Robert has extensive experience in video production and advertising. Rob is looking forward to the addition of Cade & Associates Advertising to the Eyeworks Advertising brand and plans on building the companies footprint into the Midwest.

Rick Shapley and Linda Frandsen, owners of Cade & Associates Advertising, Inc., stated “Our experience with Benchmark has been first class since day one. Their attention to detail, professionalism and availability at a moment’s notice made us feel as if we were their only client. We would like to thank the team for helping us through the process and look forward to seeing the company grow under new ownership.”

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Benchmark International’s client, Command Partners merged with Enventys

In July 2016, Benchmark International’s client, Command Partners (a digital Marketing Firm) merged with Enventys (a Product Development Firm). These companies cater to helping entrepreneurs and startups locally and globally. Command Partners focuses on digital marketing for burgeoning companies using crowd funding and Enventys; expertise is in product design, engineering, manufacturing and fulfillment. The joint company will provide the following services, among others: marketing research, industrial design, engineering, prototyping, commercialization strategy, software and app development, branding, video production, digital marketing, public relations, search engine marketing, web development, lead generation and more.

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