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Benchmark International Wins Deal of the Year at the Northern Ireland Dealmaker Awards
March 7, 2022
Benchmark International is delighted to announce that the sale of County Antrim-based ventilation systems installer RGM Vent, where Benchmark International acted as lead adviser to the sellers, won Deal of the Year at the Insider Northern Ireland Dealmaker Awards.
The deal was deemed significant as Benchmark International’s Transaction Team maximised value for RGM Vent and maintained excellent relationships with the client, resulting in four referrals from the client and accountant to date, as well as a testimonial from CEO at RGM Vent, Raymond Murphy:
“March 2019 was the day I had my initial meeting with Benchmark and from the moment I met Nick and Jonathon I knew I was making the correct decision in going with Benchmark Int.
Jonathon was my key point of contact and he was backed by Alex, the process went great throughout and I would definitely recommend Benchmark.”
The team overcame several complexities during the deal surrounding due diligence, tax advice, restructuring, and differing shareholder aspirations.
The transaction also proved significant for the region. Public sector spending on infrastructure, including fire and safety solutions, has been highlighted as a key tool to stimulate economic recovery post COVID-19. With the deal increasing RGM Vent’s market share substantially and increasing the scale of its operations across the UK and Ireland, the company, with the buyer’s backing, will be contributing to the region’s economic recovery and has led to an increase in staff employed across the region.
The support of the buyer will also increase RGM’s profile and allow them to tender to both larger projects and capitalise on additional work available in mainland UK, utilising the resources and infrastructure of the Northern Irish operation.
Benchmark International worked closely on the deal with RGM Vent’s legal adviser, Belfast-based Edwards & Co, and accountancy and tax adviser, PKF-FPM, also based in Belfast.
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