Benchmark International facilitated the transaction between Quantum3 Aluminium Limited (Q3) and Burke Porter Group (BPG). Watch as the former shareholder of Q3 shares his experience working with Benchmark International throughout the M&A process.
Established in 2000, Q3 manufactures a range of lean and flexible aluminium profile and framing systems, featuring patented connector blocks, for manufacturers in the medical and life sciences industries.
Over the last 20 years, Q3 has served clients in Ireland, the U.S. and Costa Rica. While working for a client based in Central America and across the U.S., the client expressed a desire for Q3 to be local to them going forward. At this point, the shareholders at Q3 decided they needed a partner in Costa Rica to help them move forward.
Around the same time, Q3 was approached by BPG.
Founded in 1953 and headquartered in Grand Rapids, Michigan, BPG is a leading global supplier of automated diagnostic, testing and production solutions serving life science and speciality industrial end markets. BPG maintains close proximity to its worldwide customer base through a global footprint of 45 locations to provide responsive and local supply, service and support.
At this point the shareholders understood that finding a partner in Costa Rica would not help with their business in the U.S. As it was apparent BPG was interested in acquisition and they would help realise the potential of Q3, the shareholders opted to go forward with this acquirer.
To bring this to fruition, the shareholders decided that they would need to employ a professional partner, therefore they engaged with Benchmark International, allowing the shareholders to focus on maintaining a profitable business while Benchmark International managed the acquisition.
Summing up the process, Q3's former joint shareholder said:
“Everybody I met at Benchmark was excellent. Pieter, Sam, and Alex were always there to jump on critical calls and were always available when the deal needed, or when I felt I needed it.
"My experience with Benchmark was as good as I anticipated and probably better, and I would highly recommend them.”
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