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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 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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Label Express Ltd Client Testimonial {video}

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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.”

 

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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 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.

 

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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 Closed 10 Transactions in Just 30 Days!

Benchmark International is taking full advantage of the strength in the M&A middle market. We are delighted to announce the closing of 10 deals in just 30 days; and, our clients are thrilled with the results.

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Benchmark International Advises on the Sale of Advanced Renal Care, Inc. to Fresenius Medical Care of North America

Benchmark International has successfully facilitated the transaction between Advanced Renal Care, Inc. and Fresenius Medical Care of North America. Fresenius Medical Care of North America is one of the largest dialysis providers in north America. Advanced Renal Care, Inc. is a dialysis provider in Tampa, Florida.

Dr. Stanley Dennison, CEO and Owner of Advanced Renal Care, Inc. stated, “I would like to thank Benchmark International for their drive, and focus on closing this transaction. This transaction faced difficulties at times. The Benchmark International team always stayed focused, and did not falter in the time of need.”

 

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“We are truly excited to have acquired Advanced Renal Care, Inc. This presents a fantastic opportunity for Fresenius Medical Care to treat new patients,” stated Erik Lyesiuk, Senior Director of Mergers & Acquisitions of Fresenius Medical Care.

Benchmark International Director Dara Shareef stated, “We would like to congratulate both Advanced Renal Care, Inc. and Fresenius Medical Care of North America. This acquisition is a terrific strategic move for Fresenius Medical Care, allowing them to enter the Tampa Bay market. The buyer truly valued our clients location and access to major hospitals in the area. We feel this deal was win-win for both sides and wish all the best in the future.”

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Benchmark International Advises on the Sale of Weigelt Enterprises to a Financial Buyer

Benchmark International facilitated the sale of Weigelt Enterprises, LCC headquartered in Buda, Texas with additional locations throughout Central Texas. They were acquired by an undisclosed financial buyer based in Austin, Texas.

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Central EMS Client Testimonial {video}

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Benchmark International Completes the Sale of WellBeing Hygiene, Inc. to the Rochester Midland Corporation

Effective March 1, 2017 Rochester Midland Corporation has agreed to acquire WellBeing Hygiene, Inc. in an asset purchase. Transferring to RMC will be the customers, employees, intellectual property and other assets relating to the business of WellBeing.

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The Common Source Client Testimonial {video}

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Computer RX Client Testimonial {video}

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Conarc Client Testimonial {video}

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Benchmark International Negotiates Sale of Gasco Affiliates, LLC to Tech Air, a CI Capital Partners Company

Benchmark International has successfully negotiated the sale of Gasco Affiliates, LLC to Tech Air, a Connecticut-based distributor of industrial, medical, and specialty gases and related equipment and supplies. Tech Air is owned by CI Capital Partners and Tech Air management.

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Who is Benchmark International? (Video)

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Benchmark International Negotiates Sale of Carolina Physical Therapy Associates, Inc. to Cora Health Services, Inc.

Benchmark International has successfully negotiated the sale of Carolina Physical Therapy Associates, Inc. (“CPTA”) to CORA Health Services, Inc. (“CORA”) a portfolio company of Gryphon Investors (“Gryphon”) a leading middle-market private equity firm based in San Francisco, CA.

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Michael Robb Accounting Client Testimonial {video}

 

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Benchmark International Facilitates the Transaction Between NISSCO and Excell Marketing

Benchmark International has successfully facilitated a common ownership transaction amidst NISSCO Restaurant Dealer Group and Excell Marketing and Procurement Group.

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Monitor Environmental Client Testimonial {video}

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Sterimedix Client Testimonial {video}

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BENCHMARK INTERNATIONAL FACILITATES SALE OF SEA LEVEL MARINE TO THE R&M GROUP

International M&A specialist, Benchmark International, has successfully negotiated the sale of Sea Level Marine to the Rheinhold & Mahla Group (R&M).

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Netplan Client Testimonial {video}

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Benchmark International has Successfully Facilitated the Transaction Between ROC North west Limited and CareTech Holdings plc

Benchmark International is pleased to announce the successful sale of Lancashire-based ROC North West, a provider of residential care and education, to CareTech Holdings in a deal worth in excess of £11m.

Established in Lancaster in 2005 by founding directors Hilary Waterhouse and Glyn Waterhouse, ROC provides education and residential care for challenging and vulnerable young people with complex needs. It currently offers 41 residential places in seven residential homes across Lancashire and 25 education places in its school in Preston.

Do you have an exit or growth strategy in place?

Hilary Waterhouse, Co-founder of ROC, said: "ROC is a family run business offering high standards of care and education in the learning disabilities sector. We are pleased that we have now joined the larger family of CareTech. We had a number of different companies wishing to buy our business but chose CareTech as we believe in their philosophy of care and working practices that mirror our own expectations and high standards."

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MSA Software Client Testimonial {video}

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