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Benchmark International Successfully Facilitated the Transaction Between Combined Services (GB) Limited and Grazalema Ventures Limited
September 3, 2024
Benchmark International is delighted to announce the sale of Combined Services (CSL) to Grazalema Ventures.
CSL is a leading manufacturer and installer of building energy management systems (BMS) based in High Wycombe, with 32 years of experience delivering high-quality, reliable solutions. CSL’s control panels are installed in iconic locations like The Shard, Harrods, Royal Albert Hall and the Bank of England. As a key player in the rapidly growing BMS industry, CSL helps major retailers like Tesco and Sainsbury's reduce their carbon footprint, and partners with global corporations like Schneider Electric and E.ON to implement advanced BMS solutions in data centres, offices and commercial properties worldwide.
Grazalema Ventures was founded by former Uber exec and tech entrepreneur Fouzan Ali with the goal of acquiring and operating UK-based SMEs in the manufacturing and engineering sectors. Targeting industries with long-term growth prospects, the company ensures that its investments are positioned for sustainable success.
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Stephen Farrell, director at Combined Services, commented on the acquisition: "After over 30 years of building and growing this business, it was important for us to find a buyer who would build the company further. Grazalema Ventures stood out for its commitment to maintaining our high standards and we are confident that the company is in good hands and will continue to thrive under its new leadership.”
Regarding working with Benchmark International, Mr. Farrell said: “Luke and the team at Benchmark International were superb throughout the whole process of selling our business, thoroughly professional I would recommend their services to all."
Fouzan Ali, managing partner of Grazalema Ventures, said: "We are excited to welcome Combined Services into the Grazalema Ventures portfolio. The company has a strong reputation in the industry, and we see significant opportunities for growth by building on the solid foundation that has been established. Our focus will be on investing in the business to enhance its capabilities while maintaining the quality of service that its clients expect. We look forward to working with the talented team at Combined Services to take the business to new heights."
He continued: “Benchmark International is a great platform for finding high quality businesses for sale. My experience with them from finding the company, the process of negotiating terms, and seeing the deal through to completion was great. Luke was an excellent collaborator throughout the process, guiding the buy and sell side teams to resolve issues as they arose.”
Luke Boles, associate at Benchmark International, said: “This transaction was a testament to the power of collaboration and strategic focus. All stakeholders worked seamlessly together, ensuring a smooth and efficient process that brought the deal to a successful close. It has been a pleasure to work with the shareholders, and I am delighted that each of them has achieved their individual goals through this transaction. I am confident that the future is bright for both the sellers and Grazalema Ventures as they embark on this exciting new chapter.”
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