Benchmark International is pleased to announce the transaction between G2 Technologies, Inc. (d.b.a. Paper Handling Solutions) and Digital Print Solutions.READ MORE >>
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.”
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.”
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.
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!”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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