Record month at Benchmark International
June saw Benchmark International complete a record month, generating in excess of $11 million (£7 million) in actual company revenue, across 14 deals completed. The combined transaction values totalling in excess of $360 million (£235 million).
Completed company sales spanned a number of industry sectors, including IT technical consultancy, commercial maintenance services, engineering, automotive, distribution, manufacturing, oil & gas, and recruitment, with buyers from the UK, the US and Europe.
Two deals in particular stood out in June, one of which represented Benchmark International’s largest deal to date.
Benchmark International’s Transaction Team represented Transaction Data Systems, Inc., trading as Rx30, in a transaction with new investor GTCR. This strategic investment in a leading developer of Pharmacy Management software represents a ‘mega-deal’, and one which was very closely managed by Benchmark International throughout.
The completion of the sale of cloud computing facilitator SystemsUp to iomart Group saw the company sold for $20.5 million (£13 million). Over the last 15 years, the technology industry had experienced a high volume of M&A activity, and the demand for cloud-based services is currently very strong from both domestic and international acquirers.
James Thornton, Chief Operations Officer of Benchmark International, is naturally delighted with this recent success, commenting, “The success experienced by Benchmark International during June is no coincidence. It is fantastic to see our investment in great people and resources is paying dividends.
“With our Oxfordshire office opening in August and ground breaking, mega-deals, such as Rx30, being completed, it certainly is an exciting time to be part of the Benchmark International team. As we hit the halfway stage in 2015, we anticipate more mega-deals to be completed throughout the rest of the year and beyond.”