Benchmark International (South Africa) Closes 8 Deals In 8 Weeks

Benchmark International’s South African office has experienced a sharp increase in deal flow and activity. The company reports a 46% increase in the number of offers received for client businesses compared to the same period last year.

Despite reputable industry forecasts indicating a flat to negative trend in transaction volumes for the latter part of 2024, Benchmark has seen a strong uptick in activity, with results that stand in contrast to broader market trends.

Benchmark has successfully facilitated and concluded eight deals in just over eight weeks, showcasing the firm’s ability to deliver successful outcomes across diverse industries. The firm is pleased to announce the following full or partial sale transactions in recent weeks:

1. Mertech Marine was acquired by Metier’s Sustainable Capital Fund II (MSC II)
2. Lining and Textile Distributors was acquired by a private consortium.
3. Serco Industries was sold to Bidvest Automotive Holdings.
4. A leading provider of IT services and retail was sold to an undisclosed IT integration group.
5. A leading importer of mechanical and electrical equipment was acquired by a private consortium.
6. The Herbex brand sold to a multinational health and wellness leader.
7. NGL Logistic Group was acquired by an undisclosed buyer.
8. Press Spinning and Stamping Co. was sold to a private consortium.

Achieve More with Benchmark International by Your Side.

Commenting on the transactions, Dustin Graham, Managing Partner at Benchmark International’s South Africa office, stated, “Closing eight deals in just about as many weeks highlights the effectiveness of our process as a sell-side advisory firm. Our sector-agnostic approach allows us to focus on creating value for both sellers and buyers at every stage. This close collaboration with all parties ensures that each deal aligns with the strategic objectives of both sides, resulting in successful outcomes for everyone involved. With several more deals in the pipeline, we look forward to carrying this momentum through the rest of the year.”

Americas: Sam Smoot at +1 (813) 898 2350 / [email protected]

Europe: Michael Lawrie at +44 (0) 161 359 4400 / [email protected]

Africa: Anthony McCardle at +27 21 300 2055 / [email protected] 

 

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 $11 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 Global M&A Network as well as the #1 Sell-side Exclusive M&A Advisor in the World by Pitchbook's Global League Tables.

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