Tampa, FL, March 16, 2018 --(PR.com
)-- International M&A specialist, Benchmark International has successfully facilitated the sale of Sun Coast Hydraulic Electric MFG., Inc. (“Sun Coast”) to Scott Industrial Systems, Inc. (“Scott Industrial”).
Based out of Jacksonville, FL, Sun Coast is a fully-integrated manufacturer of electric control panels and hydraulic power units.
Scott Industrial is a full-line fluid power distributor headquartered in Dayton, Ohio. The company offers sales and service expertise in hydraulics, pneumatics, and electronic control systems. The company currently serves customers in Ohio, Kentucky, Indiana, Illinois, Western Pennsylvania, West Virginia and Tennessee. Through this acquisition, Scott Industrial continues to expand its nationwide geographic footprint.
Tim Sparks, the founder at Sun Coast, commented, “We are thankful for the role Benchmark International played in the acquisition process. They brought a knowledgeable team to the table and were able to push it through to the end. We are confident this relationship with Scott Industrial Systems will allow us to better serve our clients,and we look forward to the growth to come.”
Dara Shareef, Managing Director at Benchmark International, stated, “It was a pleasure to represent Sun Coast in this transaction, and on behalf of Benchmark International, we are extremely pleased with the outcome. Allowing both the seller and acquirer to prosper and benefit is always an ideal end result.”
Senior Associate, Sunny Garten,added, “Sun Coast is a UL electrical panel manufacturer with many years of experience in the car wash, industrial, and waste water industries. We’re excited to see that this legacy will be preserved and enhanced through this transaction with Scott Industrial.On behalf of Benchmark International, we wish the parties the best of luck moving forward!”
About Benchmark International
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5 billion across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.