Transition A Business in the Construction industry

Benchmark International has successfully facilitated the transaction between Fredericksburg, VA-based Fredericksburg Machine & Steel, LLC dba Viking Steel Fabricators and Norfolk, VA-based SRF, LLC dba Chesapeake Bay Steel, Inc.

Wisconic, Inc., the seller, is a Wisconsin-based company established in 1994. It stands out in the market for its custom injection molding services and ability to create affordable, high-end kitchenware products. Over the years, its product range has diversified to include bottled water storage, outdoor entertainment, and other houseware products.The Buyer, Manufacturing Revitalization Corporation of America (MRCA), is a Dallas, TX–based company that invests in, grows, and runs manufacturing companies that produce American-made products. Its mission is to revitalize companies through increased employee wellness, enhanced processes, machinery, energy, and communication.

Benchmark International is pleased to announce the successful sale of DBox, Inc. to CBS Property Management Inc.

Benchmark International is pleased to announce the transaction between Talent Framework, LLC and Savard Labor and Marine Personnel.

The seller, 3:13 Sales Group, LLC, specializes in providing outsourced business-to-business sales and account management solutions to companies in the Consumer-Packaged Goods (CPG) industry.  With over 20 years of experience, they know what it takes to be a strategic, transparent partner – doing what’s right for you and your customers.

Benchmark International has successfully facilitated a transaction between Honaker, VA-based D.R. Price Engineering & Land Surveying, Inc. (“D.R. Price”) and Naperville, IL-based Boos Resource & Technology Group (“Boos”). D.R. Price is a multi-discipline engineering and surveying firm that provides a broad spectrum of structural engineering, civil engineering, mining engineering, land planning, land surveying, and construction surveying services.

Benchmark International has successfully facilitated the transaction between Salem, NH-based Micro-Precision Technologies, Inc. (“MPT”) and Boston, MA-based Great River Capital Partners (“Great River”). MPT designs and manufactures high-performance microelectronics for harsh environments and high-reliability applications. The company’s offerings primarily include thick-film ceramic substrates, hybrid micro-electronic manufacturing, and obsolete semiconductor manufacturing.

Benchmark International has successfully facilitated a transaction between Easley, South Carolina-based GEOGRAPH Technologies, LLC (“GEOGRAPH”) and London, UK-based Abingdon Software Group (“Abingdon”). GEOGRAPH provides geographic information system (GIS) services utilizing a software extension for clients to manage fiber optic, copper, and coax networks.

Benchmark is pleased to announce the transaction between Tygra Industries, LLC and Fugue Capital. The transaction represents a significant opportunity for Fugue Capital to help a long-established company enter a new era of growth.

Benchmark International has facilitated the sale of Ranew’s Companies and its affiliates to ALJ Regional Holdings Inc. (OTC PINK: ALJJ) and United Global Development (UGDC). The Ranew’s Companies is a leading supplier of precision fabrication solutions, industrial coating services, and assembly and logistics services to multinational manufacturers of vehicles and associated equipment.

The construction industry is growing significantly worldwide, especially in developing countries. As a result, there is a rising demand for Heating, Ventilation, and Air Conditioning (HVAC) systems in residential, commercial, and industrial sectors. This growth is being driven by ongoing urbanization and infrastructure development.  

The global roofing market is growing at a compound annual growth rate (CAGR) of 3.7% from $267.64 billion in 2023 to $277.42 billion in 2024. This growth can be attributed to growth within construction and real estate, urbanization trends, climate and weather, architectural styles and trends, and the need for maintenance and replacement.

The seller, L & D Mail Masters, Inc., is a full-service direct marketing firm incorporated in 1986. They enable their clients to create campaigns that Relate, Captivate, Cultivate, and Resonate with their target audience. L & D Mail Masters, Inc. offers a wide range of solutions for direct marketing needs, from campaign design to implementation and all the services in between. Their facility enables their clients to design, print, and mail all in one location. They provide direct marketing at its best by bringing expertise, experience, passion, and professionalism to their clients.

The global robotics market was valued at $46 billion in 2023 and is forecast to grow at a compound annual growth rate (CAGR) of 15.1% to reach $169.8 billion between 2024 and 2032. 

Latrobe Foundry Machine & Supply Co. was founded in 1933 by Louis C. Steiner and is a leading manufacturer of high-quality threaded and flanged aluminum pipe fittings and hardware. Latrobe Foundry Machine & Supply Co. is a multi-location manufacturer with an established product line in various businesses, including aerospace, agricultural, chemical, construction, and marine industries.  

The global equipment rental industry is rapidly expanding, with the global market size forecast to reach $120.7 billion by 2027. The equipment rental industry is set to experience significant growth in the coming years and is becoming an increasingly important part of the global economy.Construction Equipment RentalThe construction equipment rental segment accounts for the majority of total revenue in the sector globally.The global construction equipment rental market was valued at $109.4 billion in 2022. The market is forecast to reach $153.1 billion by 2028, growing at a compound annual growth rate (CAGR) of 5.59% between 2023 and 2028. The construction equipment market includes material handling, earthmoving, concrete, and road construction. Earthmoving equipment dominates the construction equipment market. Regarding propulsion systems, the market can be segmented into electric and internal combustion engines (ICE), with the latter holding the most market share. The construction industry is thriving worldwide, and there is increasing investment in infrastructural development. These factors are driving the growth of the construction equipment rental market. In addition, as populations rise, governments and private stakeholders invest more in residential and public infrastructure to support their economies. Also, automation in the construction sector is another key growth driver. Rental companies offer high-tech machinery equipped with artificial intelligence (A.I.) and professional operators. The goal is to cut the overall costs for the companies leasing the equipment and enhance operational efficiency. Other factors driving the construction equipment rental market include urbanization, smart cities, and the developing of advanced equipment with sustainable and eco-friendly features.Oil & Gas Equipment RentalThe oil and gas sector is expected to contribute to the growth of the equipment rental market because of increased exploration. As the industry increases its activities, the need for rental equipment to support these activities will also increase. Oil and gas exploration activities are projected to contribute significantly towards future market expansion, as well as digitalization, which could result in a CAGR of 5% by 2025. The drilling rig sector is expected to dominate the market due to the increasing exploration and production activities. Also, advancements in deepwater drilling activities in regions such as Brazil, Norway, and the United Kingdom are expected to create ample opportunity for market players in the coming years. While countries such as Argentina, Canada, Australia, and China are investing in the exploration and production of shale oil and gas reserves, North America is forecast to be the largest market for oilfield rental services due to increasing oil and gas activities and offshore reserve exploitation in the U.S.Power Equipment Rental Power equipment rental is also referred to as power on hire. It offers several advantages over purchased power equipment. Rented generators provide flexibility, carry lower maintenance and installation costs, are available on short notice, and offer lower initial prices. Power outages are increasing the demand for reliable backup power sources in both industrial and commercial sectors, driving the adoption of power rental equipment. Additionally, mining activities are among the highest energy consumers from generators, as most mining activities occur in more remote areas outside the power supply grid. The power rental market is expected to reach $28 billion by 2026, indicating that it is a lucrative and growing market. The industry is expected to experience significant growth in the coming years. DigitalizationThe digitalization of equipment rental services is forecast to boost market growth by a CAGR of 5% by 2025, showing significant potential for the industry in the coming years. Such a considerable increase could result in more efficient and cost-effective rental services and increased customer satisfaction.The Internet of Things (IoT) is also a driving market trend, allowing companies to track their assets’ movements and offering them more visibility and control on hand. The IoT can also extend the lifecycle of equipment and lower costs through more carefully tracked data metrics. Some estimations report that the IoT has the potential to cut maintenance costs by up to 40% and equipment downtime by up to 50%. The IoT has also been shown to cut costs and time regarding inventory tracking and reduce human errors.Equipment rental companies also use A.I. for customer relationship management (CRM) purposes. This offers them a better understanding of their customer’s preferences and behavior patterns. It can also aid in getting more accurate order tracking and delivery information, help rental companies automate relationship management, offer better support, and adapt quickly. 

A family business is technically defined as an organization that is owned and operated by at least two members of the same family. Family businesses actually account for around two-thirds of all companies worldwide, and 90% of companies in the U.S. The largest 500 family-owned companies generate annual revenues of $6.5 trillion. Global research has also demonstrated that well-run family companies are more profitable and stay in business longer than other companies, even with the many challenges they face. A succession plan is a strategy designed to pass the ownership and leadership roles down to another family member or current employee. As a business owner, having a succession plan in place is important for multiple reasons. First of all, a solid succession plan will keep you focused on your long-term vision for the business. And it makes sure that whoever is taking over is on the same page regarding your vision and goals for the future of the business. It also forces you to think about what areas of your business may need extra attention in order for your plans to succeed. Additionally, a succession plan protects your business in the event of an unexpected life-changing event.

If you are considering selling your business, you undoubtedly need to understand its value. Unfortunately, arriving at that answer can entail many different methodologies, and it often involves the familiar valuation formula of applying a multiple of Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA). For example, if a company boasts EBITDA of $1 million, and a five times EBITDA multiple is applied, the company’s estimated value is $5 million. But how do we know what multiple applies to your business? And how do we know if the EBITDA number is even accurate? After all, EBITDA will not be the same for every business.

If you are considering selling your business, you will need to have a clear understanding of its type of customer revenue because it can significantly impact the value of your business. Sometimes people confuse recurring revenue with repeat revenue, but it is essential to understand how they are not the same thing. Recurring RevenueRecurring revenue stems from a contractually bound legal agreement for a solution delivered over time. It is usually contractual over one or multiple years, and because it may carry penalties or fees if the customer leaves, it can be counted on into the future. This makes it highly valued by prospective acquirers because of its predictability and lower risk. However, recurring revenue does not have to be contractual to be valuable. Depending on the business and the services offered, it can be too costly or too much of a hassle for a customer to leave or switch providers. An excellent example of this is customer relationship marketing companies that collect large amounts of valued data over time, making it more beneficial for clients to stick with their services. Below is a list of the different types of recurring revenue.