Acting on behalf of Tee Times USA Inc (TeeTimesusa.com) and its shareholders of Flagler Beach, Florida, USA, global company sales specialist, Benchmark International, successfully facilitated the sale of Tee Times to two owner operators, Adam Wachter and Marc Bender. The transaction was completed with a growth strategy in mind.READ MORE >>
Benchmark International has successfully advised the shareholders of Netplan Internet Solutions on the sale of the company to Daily Internet for an initial sum of £2.5m, with additional deferred and performance-related elements due after 12 months.
Established in 2000, Netplan provides internet infrastructure as a service (IaaS), focusing on high security, e-commerce and cloud-based infrastructures. The company’s primary co-location facility is in London Docklands and the company also has a number of data centres including one in Coventry.
Netplan currently has a database of 840 customers and for the year to 30 September 2012 it's audited accounts show an EBITDA of £320,000 on a turnover of £1.1m.
Founded in 2006, Nottingham-based Daily provides web-hosting services. Daily is funding the acquisition with a placing to investors on the London Stock Exchange’s growth market, the Alternative Investment Market (AIM). The acquisition represents a strategic move by Daily to gain increased product reach and a strong foothold in its target markets.
Benchmark International’s Managing Director (UK), James Thornton, commented, “The UK web-hosting sector is particularly buoyant at present and our highly targeted marketing efforts to both UK and overseas acquirers generated significant levels of interest, particularly from trade acquirers seeking to gain an increased market share.”
Commenting on the role Benchmark International played, Stuart Gibson (Netplan’s main shareholder) said, “Benchmark delivered everything they promised. From gaining a thorough understanding of the business, they presented it to a host of strategic buyers, generating a lot of interest and allowing us to choose the most suitable buyer for ourselves, the company and its fantastic workforce”.
Working closely with Benchmark International’s Corporate Finance team, particularly in the latter stages of the transaction, he added, “Benchmark stood by us every step of the way, guiding us through some intense negotiations with Daily and it's advisers. The team’s help ensured that the deal was completed on terms which were satisfactory to all parties and we look forward to working with Daily’s management team going forward.”
Benchmark International would like to thank everyone involved in the deal and wish them the very best of luck for the future.READ MORE >>
North West-based drain and sewer specialist, Underground Vision (UK) Limited (UGV & the Company) has been acquired by Torenvalk Group BV (Torenvalk), a Dutch-based trade acquirer for an undisclosed value consisting of cash and shares issued on completion.
Established in 2007, UGV has grown to become one of the largest independent drain and sewer operations in the UK. The Company has developed a strong reputation, providing domestic and commercial clients, including several blue-chips, with an exceptionally high standard of service utilising cutting-edge technologies.
The opportunity to acquire UGV generated a wealth of interest from both UK and international trade and private equity acquirers. From the interest generated, the Shareholders identified Torenvalk as representing the strongest fit for the Company. The Dutch-based company has operated within the drainage industry, managed by the Van Der Valk family, for over 50 years.
With the French and German markets possessing fairly significant barriers to entry, the Shareholders of Torenvalk, which has existing operations in the Belgian and UK drain and sewer industries, identified the UK as a market within which they wanted to strengthen Torenvalk’s presence.
Following the acquisition, UGV’s Shareholders will continue to manage the Company’s operations supplemented by additional resources, provided by Torenvalk, to further develop UGV’s UK market share. The extra resources will help the Company fulfill contracts it previously did not have the capacity to accept.
Commenting on the deal, James Thornton, Benchmark International Managing Director stated, “This deal is going to greatly benefit both parties with Underground Vision set to gain greater competitive advantage due to increased resources and Torenvalk further strengthening their UK market presence. Our clients have been a pleasure to work with throughout and I’m extremely pleased that they have been able to achieve a fantastic deal.”
Also discussing the deal, UGV Director, Brad Commins stated, “Both myself and Anthony are really pleased that we can now continue managing Underground Vision backed with sufficient capital to take the company on to the next level. Torenvalk represents a superb fit and we are now really looking forward to working with them to build upon our success to date. I would also like to thank everyone involved at Benchmark International who really helped us throughout this process. They turned out to be a vital factor in such a successful deal.”
Benchmark International would like to thank all parties involved and we wish them all the very best of luck for the future.READ MORE >>
Benchmark International are proud to announce that we have been nominated for an award at Insider’s prestigious Dealmakers award ceremony which will take place on 24 October 2013 at Manchester Central.READ MORE >>
Today we received a very nice letter from Bob Turner of Fleet Wizard (formerly trading as Fleet Auto-Mates) thanking Benchmark International for the role we played in the sale of his company. Based in Greater Manchester, Bob Turner sold the Company, MSA Software Systems to the Cheshire-based IT services company in March 2013.READ MORE >>
Acting on behalf of Zucker Public Relations Inc. (Zucker PR) and its shareholders of Boca Raton, Florida, USA, global company sales specialist, Benchmark International, successfully facilitated the integration of Zucker PR into Rogers & Cowan for an undisclosed amount. Zucker is now a senior VP for Rogers & Cowan, heading up southeastern U.S. operations and expanding the footprint of Rogers & Cowan, which currently has offices in London, New York, Nashville, and Los Angeles.READ MORE >>
Acting on behalf of AMW Contractors (AMW) and its shareholders of Cumbria, England, the Manchester office of global sales specialist, Benchmark International, successfully facilitated the sale of AMW Contractors to Adler & Allan for an undisclosed amount.READ MORE >>
Acting on behalf of Motivated Guard Services, Inc (“Motivated Guard”) and its shareholders of Lake Worth, Florida, USA, Benchmark International, successfully facilitated the sale of Motivated Guard to Nor-Seg Security Services Inc (“Nor-Seg”) for an undisclosed amount.READ MORE >>
Acting on behalf of AW Solutions (“AWS”) and its shareholders of Longwood Florida, USA, the global company sales specialist Benchmark International successfully facilitated the sale of AWS to InterCloud Systems, Inc. (“ICS”) for an undisclosed amount consisting of cash, promissory notes and InterCloud common stock plus an additional Earn-out based upon future EBITDA. The Shareholders have remained with the business and are excited by the future growth opportunity provided by the acquisition which will provide new and expanded services for our valued clients.READ MORE >>
Today we received a very nice letter from one of our former clients, Chris Rawlinson of Medical Projects International Limited. Benchmark International recently assisted Chris in the sale of his company and as you can see in his letter, Chris was very pleased with the service he received.READ MORE >>
Benchmark International is delighted to announce the sale of MSA Software Systems Limited, trading as FLEET Auto-Mates, to Cheshire-based IT services company Rosico Limited.
Following the decision of MSA Software Systems shareholder Bob Tuner to sell the company in July 2012, Benchmark International brought the company to market in September that same year. The company attracted a lot of attention, drawing in 15 interested parties and 2 firm offers.
The deal completed towards the end of March 2013 and will see the shareholder receive an undisclosed seven figure sum.
Everyone at Benchmark International would like wish all parties the best of luck in the future.READ MORE >>