Benchmark International has successfully facilitated a transaction between Sunny Morning Foods, Inc. (Fort Lauderdale, FL) and Burris Logistics (Milford, Delaware).READ MORE >>
The global industrial distribution market was valued at $7.72 trillion in 2022 and is forecasted to reach $11.93 trillion by 2032, growing at a compound annual growth rate (CAGR) of 4.5%.
Benchmark International has successfully facilitated a transaction between Florida-based Central Hydraulics, Inc. (“Central”) and SBP Holdings of Houston, Texas. Founded in 1983, Central is a distributor of hoses and other products that also operates full-service hydraulic sales and repair shops. Central maintains five locations in Daytona Beach, Cocoa, Leesburg, Ocala, and Tampa. SBP Holdings, the country’s no. 2 hose and accessories distributor, maintains a footprint of approximately 85 locations and 1,000 employees.READ MORE >>
Benchmark International has facilitated the sale of Lovett & Tharpe, Inc. to LTI International, LLC.
Lovett & Tharpe has been in business for more than 85 years, serving the needs of over 500 farm equipment dealers in the Southeast. Lovett & Tharpe distributes the product lines of more than 30 different manufacturers worldwide. Lovett & Tharpe operates from a 72,000 square foot warehouse in Dublin, GA.
Eddie Herrin, President of Lovett & Tharpe, stated, “The Benchmark International team facilitated the sale of my business from the earliest stages of marketing through the final agreement and completion of the deal. They acted in a courteous and professional manner and provided the insights and assistance I needed as a first-time seller. I would highly recommend Benchmark International to anyone considering the sale of their business!”
LTI companies offer procurement and distribution of specialized agricultural, industrial, hotel, construction and truck equipment, and spare parts. With over three decades of experience in procurement services and a team of seasoned industry veterans, LTI is a premier supplier to the US, Caribbean, and Latin-American marketplaces. LTI is a Georgia limited liability company with operations in Orlando, FL.
Benchmark International Director Leo Vanderschuur stated, “It was a pleasure to represent Eddie and Lovett & Tharpe in this transaction. Throughout the process, Eddie was exceptionally responsive, diligent, and professional. This acquisition represents a tremendous opportunity for both businesses and their teams to strategically accelerate the rate of profitable growth. On behalf of the numerous Benchmark International personnel that worked on this opportunity, we congratulate both teams on reaching this goal.”
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.
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!”READ MORE >>
Benchmark International has successfully facilitated the sale of Progressive Industries, Inc to Power Products LLC. With this acquisition, Power Products LLC expands its product offering and distribution base in the recreational vehicle industry.READ MORE >>
Benchmark International has successfully facilitated the transaction between C&S Carpet Distribution, Inc. and Best Logistics Group. Best Logistics Group is a leading logistics provider in the southeast United States. C&S Carpet Distribution, Inc. is a truckload and LTL distributor and logistics provider of flooring products throughout the southeast.
C&S Carpet Distribution is a distribution and logistics provider in the southeast United States. C&S Carpet specialized in the movement of flooring products, such as: carpet, wood, laminate, turf, etc. The company is strategically located in Dalton, GA, which has been affectionately titled by industry players “the carpet capital of the world”. Best Logistics Group (the acquirer) is a large logistics provider located in the southeast, which has been actively seeking to expand into new industries. When Benchmark International approached Best Logistics Group with the C&S Carpet Distribution acquisition opportunity, immediate interest was shown, and the deal closed very quickly as all sides were motivated.
“I would like to thank the Benchmark International team for their dedication and persistence. Their M&A deal expertise allowed us to complete a transaction quickly and quietly, just as I sought to do. Benchmark ensured that the team at Best Logistics Group truly understood that the unique value of my business lies in both the location, and its diverse distribution channels.” - Pete Bethea, President and Owner of C&S Carpet Distribution.
Benchmark International Director, Dara Shareef, added, “We would like to congratulate both the C&S Carpet Distribution, Inc. and Best Logistic Group teams. This acquisition is a terrific strategic move for Best Logistic Group allowing them to implement the floor distribution niche into their nationwide distribution network. The buyer truly valued our client’s current distribution channels, and location, being in the carpet capital of the world. We feel this deal was a win-win for both sides and wish all the best in the future.”
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