Benchmark

Archives

Benchmark International has successfully facilitated the acquisition of Texas Engineering Solutions, LLC to Atwell, LLC.

Benchmark International has successfully facilitated the acquisition of Texas Engineering Solutions, LLC to Atwell, LLC.  Benchmark International worked diligently to find a Buyer that was an ideal candidate to ensure the goals of the sellers from a financials and corporate fit perspective.

Texas Engineering Solutions, LLC is a land development consulting firm providing a range of civil engineering, utility and infrastructure design, as well as planning and land development services in Central Texas.

Atwell, LLC is a consulting, engineering and construction services firm that delivers a broad range of technical solutions to clients in the real estate and land development, power and energy, and oil and gas markets.  They provide comprehensive professional services including engineering, planning, surveying, landscape architecture, environmental consulting, program management and construction services to a diverse blend of clients

Benchmark International was able to procure for Texas Engineering Solutions, LLC a buyer that met their financial goals while also being an ideal cultural fit and providing the additional resources that the buyer was searching for.  Benchmark International corresponded with numerous potential investors and the Owners of Texas Engineering Solutions had several in-person meetings until they met with the representatives from Atwell, LLC.  

Per Brian Wenzel, CEO of Atwell, LLC “We believe identifying the right opportunity with the right fit is critical for success in the M&A space.  In working with Benchmark International on our most recent acquisition, we realized they share that same vision.  Not only was the [Benchmark International] team helpful throughout the process, but their approach to this engagement was comprehensive, thoughtful and focuses while placing significant emphasis on the success of the combined firms.  We look forward to working with them on future opportunities.”

Benchmark International’s Senior Associate, J.P. Santos, commented “The Benchmark International team is excited for Texas Engineering Solutions as they join a firm in Atwell, LLC that aligns with their corporate goals.  As Texas Engineering Solutions enters this next chapter, the mutual respect and admiration amongst the two firms leaves little doubt that the combined entities will continue to thrive and grow as a business.”

READ MORE >>

Benchmark International has Successfully Facilitated the Sale of Enroute Networks, Inc. to Dynamic Quest

Benchmark International, has successfully negotiated the sale of its client, Enroute Networks, Inc. (“Enroute”) to Dynamic Quest (“DQ”), a portfolio company of Spire Capital Partners (“Spire Capital”), a New York based private equity firm.

Founded in 2001 and based in Marietta, Georgia, Enroute is a leading information technology services provider managing the IT needs and security challenges of small to medium sized businesses. The company focuses on being a value-added reseller and cloud provider of computer networking, telephony, and systems solutions, as well as a fully capable IT managed service provider (MSP) of all solutions it implements. Today, the company employs over 15 people serving customers across the United States with a focus on the Southeast.

Headquartered in Greensboro, North Carolina, DQ is a managed service provider offering IT and cloud services to enterprises and businesses. Founded in 2000, DQ’s services include hosted cloud services, disaster recovery, managed IT, service plans, software maintenance and development, application support, virtual CIO and IT security services. In 2017, the Company serviced over 225 customers across a wide variety of market verticals. Dynamic Quest currently has 119 full time employees and satellite offices in Winston-Salem and Cary, North Carolina and Clark, Philippines. Spire Capital has supported DQ’s strategy of pursuing acquisitions to broaden its geographic reach and scale, while complementing its strong organic revenue growth. The acquisition of DQ marked the seventh platform investment in Spire Capital Partners III, and the strategic acquisition of Enroute represents an excellent addition to this.

Founder & CEO of Enroute, David Hampson, stated, “Benchmark International played an instrumental role in identifying an acquirer whose vision aligned with our own. The team brought multiple offers to the table, and created a competitive bid process among some of the top names in the industry. A big thanks to the Benchmark transaction team for the extraordinary effort in making this deal a reality.”

“It was a pleasure working with David (Hampson) from the early stages of his relationship with Benchmark through to closing. We received excellent feedback from the market early-on and were able to orchestrate a process that resulted in multiple offers and ended with an ideal acquirer sharing many of Enroute’s same core values,” said Trevor Talkie, Senior Associate at Benchmark International. “Enroute is a compelling addition to DQ under Spire Capital’s growing managed IT services platform, and we are truly honored to have worked alongside Mr. Hampson toward this successful outcome.”

Leo VanderSchuur, Director at Benchmark International added, “It was a pleasure to represent Enroute in this transaction, and we’re extremely pleased with the outcome. On behalf of Benchmark International, I’d like to wish both parties the best of luck moving forward.”

READ MORE >>

Benchmark International Successfully Facilitated the Acquisition of T.J. Baehr, Inc., D.B.A. Ground Hog Foundation Drilling to a Private Investor

Benchmark International has successfully facilitated the sale of T.J. Baehr, Inc., D.B.A. Ground Hog Foundation Drilling, to a private investor in Houston, Texas.

READ MORE >>

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.

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.”

Benchmark International 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.”

READ MORE >>

Global Mergers and Acquisitions Have Hit New Highs Due to North American Cross-Border Deals

Global mergers and acquisitions have hit the headlines of late due to the value of transactions increasing by a staggering amount – H1 figures by Thomson Reuters revealed that the value of transactions rose by 64 per cent to $2.5 trillion, compared with the same period in 2017, and was the strongest year-to-date period since records began in 1980.

This has since grown to $3.2 trillion so far this year, bolstered last week by spending from North American companies. Such domestic deals included SiriusXM’s $3.5bn deal for digital music provider Pandora Media but its cross-border deals, such as Michael Kors’ acquisition of Versace for $2.2 billion, are proving to be the stars of the catwalk.

READ MORE >>
1

Subscribe to Email Updates

Recent Posts

Follow Us on Twitter