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Benchmark International Successfully Facilitated the Transaction Between South Florida Shopworks Inc. and Fullsteam, LLC

Benchmark International is pleased to announce the successful transaction between South Florida Shopworks, Inc and Fullsteam, LLC.

South Florida Shopworks, Inc. is one of the leading all-in-one business software companies, with over 29 years of experience, focused on providing business management software solutions to the embellished products industry, and is located in West Palm Beach, Florida. Shopworks business software products support various shop operations such as sales quotes, production scheduling, design management, and purchasing, helping over 850 apparel and promotion product companies grow their businesses.

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Fullsteam, LLC, backed by Aquiline Capital Partners, is a payment technology and software company intended to serve various industries. With over 20 years of experience, the company offers integrated payments, streamlined payments infrastructure, and enhanced operational support to small and mid-size businesses, thereby helping to drive growth and improve profitability.

This acquisition allows South Florida Shopworks to join forces with a nationwide technology and software company and take it to the next level. Fullsteam will have the opportunity to bring resources to Shopworks never seen before and give them further expansion into the embellished products industry.

“It was great to have Fullsteam come into the mix as a potential acquirer of South Florida Shopworks. Fullsteam was able to work with Shopwork’s owner, Jay Malana, and structure a deal that achieved his goals of finding the right partner to take his company to the level and provide strategic value to everyone. We wish only the best for both companies on their quest for future growth and success.” -Nick Woodyard, Senior Deal Associate.

 

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Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntl.com

Europe: Michael Lawrie at +44 (0) 161 359 4400 / Enquiries@BenchmarkIntl.com

Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com 

ABOUT BENCHMARK INTERNATIONAL

Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $8.25 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the #1 Sell-side, Privately Owned M&A Advisor in the World by Pitchbook’s Global League Tables.
 

Website: http://www.benchmarkintl.com
Blog: http://blog.benchmarkcorporate.com

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Benchmark International Has Successfully Facilitated the Transaction Between Becker Communications, Inc. DBA BCI Integrated Solutions and Midwest Alarm Company, Inc.

Benchmark International has successfully facilitated the transaction between Becker Communications, Inc. DBA BCI Integrated Solutions and Midwest Alarm Company, Inc.

BCI Integrated Solutions is a Florida-based company celebrating 20 years in service. They offer integrated solutions in security, audiovisual, fire & life safety, data & network cabling, and healthcare communications. The company mainly services markets in the following sectors: corporate, education, entertainment, healthcare, hospitality, sports venues, and housing.

Grant Becker, President of BCI Integrated Solutions commented, “Benchmark International’s team was great to work with. From on-boarding through close, there was always someone to talk with that was extremely knowledgeable and had my best interest in mind. I would highly recommend Benchmark International for anyone selling their business.”

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Midwest Alarm Company, Inc. is based in Sioux Falls, South Dakota, and they are experts in life safety integration solutions. The company works primarily with contractors, building owners, property managers, and facilities directors to design and implement reliable life safety solutions. They are the largest notifier distributor in North America and have seven locations location the Midwest.

Regarding the transaction, Transaction Director Leo VanderSchuur at Benchmark International commented, “We are glad to have helped BCI secure a buyer and deal that achieved their objectives. It was a pleasure supporting their team throughout the transaction. We wish both businesses ongoing success and continued profitable growth.”

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4 Reasons Why the UK has Deal Appeal

Political uncertainty in the UK has been a hot topic for the last year, particularly due to Brexit delays. This has had an impact on dealmaking throughout Europe in 2019, however, as we enter into 2020, greater optimism is expected with regards to deal activity.

Ready to explore your exit and growth options?

So, what are the reasons for this positive outlook, and what are the reasons for the UK’s deal appeal?

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Benchmark International has Successfully Facilitated the Transaction Between BrightOffice Limited and ClearCourse Partnership

Benchmark International has advised on the transaction between cloud-based CRM developer, BrightOffice, and ClearCourse Partnership, a group of technology companies, for an undisclosed sum.

BrightOffice was founded in 2004 and has developed a customisable, cloud-based software platform through which it delivers specialised CRM products for around 300 clients across a variety of sectors.

ClearCourse is a growing partnership of innovative technology companies providing membership and payments software platforms to groups, organisations and small businesses. A highly acquisitive company, BrightOffice marks ClearCourse’s 14th acquisition since October 2018 and the second CRM purchase after it acquired not-for-profit CRM Protech earlier this month.

Do you have an exit or growth strategy in place?

ClearCourse has the financial backing of Aquiline Capital Partners, a New York and London-based private equity firm with AUM of approximately $3.5bn.

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M&A Trends in the Technology Sector – Why has it Reached New Highs?

A newly released report from Mergermarket concerning M&A trends in the first half of 2019 has shown that M&A in the technology sector has reached new highs. So far, 1,307 deals have been recorded in the technology sector this year, equating to 15.9% of deal activity by volume in 1H 2019, its highest half-yearly share on Mergermarket record.

Feel like it's a good time to sell?

In fact, in recent years tech M&A has reached record levels but what are the reasons for the industry’s popularity?

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UK Tech Start-Ups Likely to Grow Despite Brexit Uncertainty

Uncertainty and speculation are rife over Britain’s departure from the EU but, despite this, it has been a golden period for UK tech. With multi-billion pound exits and venture capital (VC) funding at record highs, it is unlikely that this will come to a halt – instead, there may be a shift in emphasis for the sector as a whole.

Technology start-ups can still thrive post-Brexit due to the reasons why they succeed – they need access to capital, access to talent and access to markets, and post-Brexit Britain should remain well positioned on all three.

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Benchmark International has successfully facilitated the transaction between Logicalis South Africa (Pty) Ltd and Clarotech Holdings (Pty) Ltd & Clarotech Consulting (Pty) Ltd.

Benchmark International is pleased to announce the completion of a transaction between Logicalis South Africa (Pty) Ltd and the Clarotech group of companies including Clarotech Holdings (Pty) Ltd & Clarotech Consulting (Pty) Ltd. The deal was concluded by the transaction team based at the mid-market M&A corporate advisory’s African headquarters in Cape Town, South Africa in August of 2018.

The Clarotech group of companies specialise in Information and Communications Technology (ICT) providing consulting, physical product and support services to businesses throughout Southern Africa. Operating since 2001, the company satisfies the need for advice, solutions and ongoing service. Clarotech’s aim is to simplify ICT by supplying relevant solutions of value through proven end-to-end methodology.

Logicalis is an international multi-skilled solution provider supplying digital enablement services. The business boasts a well-curated customer base where it advocates for some of the world’s leading technology companies including Cisco, HPE, IBM, CA Technologies, NetApp, Microsoft, Oracle, VMware and ServiceNow. The Logicalis Group has annualised revenues of over $1.5 billion, from operations in Europe, North America, Latin America, Asia Pacific and Africa. It is a division of Datatec Limited, listed on the Johannesburg Stock Exchange, with revenues of over $4 billion.

 

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The similarities in business strategy, culture and ethos between the two companies have made this acquisition a “natural fit”, says Colin Fair, Managing Director and owner of Clarotech. “For the past few years, the management team has been looking for a company who could be a partner for us, one that would allow us to create something special from the marriage. We have been seeking a 1+1=4 scenario that would benefit our customers and our staff. This is what Clarotech has found in Logicalis.”

Commenting on this, Andre Bresler of Benchmark Corporate South Africa said: “This transaction affirms many analysts’ predictions of a positive climate for M&A in the TMT sector for 2018. Whilst there was defined interest from both up and down the supply chain in this acquisition, the strong cultural fit and clear synergies offered by the ultimate acquirer were evident from the outset. It has been a real privilege to have a hand in such an outstanding result for such outstanding clients.”

On behalf of everyone at Benchmark International, we would like to wish both parties every success for the future.

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Technically Speaking - M&A to Remain Strong in the Next 12 Months

Technology-related mergers and acquisitions are set to remain robust over the next 12 months, according to the recent semi-annual leaders’ poll from law firm Morrison & Foerster’s global M&A team.

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