Benchmark International Successfully Facilitated the Transaction Between Formulation Technology Incorporated and AAVIN Private Equity
Oakdale, CA, February 01, 2026 --(PR.com)-- Benchmark International’s California office announces its latest deal closing with the acquisition of Oakdale, CA-based Formulation Technology Incorporated by Cedar Rapids, IA-based AAVIN Private Equity.
Formulation Technology is a turnkey contract manufacturer serving the nutritional supplements industry, offering comprehensive capabilities including product development, production, packaging, labeling, and quality assurance. The company specializes in manufacturing tablets, capsules, powders, and chewable dietary supplements, delivering consistent quality and dependable execution for its brand partners.
“FTI signed with Benchmark International in February ‘24 to broker the sale of our business. Benchmark International presented us with several options, and once a buyer was chosen, their excellent service and attention to detail followed through to closing.” - Keith Hensley, CEO, Formulation Technology Incorporated
AAVIN Equity Advisors is an industry-generalist private equity firm with deep expertise in succession-planning transactions. The firm embraces a practical “Main Street” approach to investing, deploying committed capital into established, profitable businesses across underserved U.S. markets in the lower middle market. AAVIN specializes in leading buyout and recapitalization transactions for founder- and family-owned companies, leveraging more than 40 years of experience and a collaborative operating philosophy to create long-term value throughout each investment.
“This transaction was especially meaningful to me. Over nearly two years, I had the privilege of getting to know the FormTech team and understanding their goals for a successful exit. After exploring opportunities with several buyer groups, ultimately AAVIN proved to be the ideal partner. I’m proud of the outcome we achieved together and excited for the company’s next chapter.” - Eric Kolesnikov, Associate Director, Benchmark International
Americas: Sam Smoot at +1 (813) 898 2350/ Smoot@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
About Benchmark International:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled transactions across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook’s and Refinitiv’s Global League Tables.
Website: http://www.benchmarkintl.com
Blog: https://www.benchmarkintl.com/insights
Formulation Technology is a turnkey contract manufacturer serving the nutritional supplements industry, offering comprehensive capabilities including product development, production, packaging, labeling, and quality assurance. The company specializes in manufacturing tablets, capsules, powders, and chewable dietary supplements, delivering consistent quality and dependable execution for its brand partners.
“FTI signed with Benchmark International in February ‘24 to broker the sale of our business. Benchmark International presented us with several options, and once a buyer was chosen, their excellent service and attention to detail followed through to closing.” - Keith Hensley, CEO, Formulation Technology Incorporated
AAVIN Equity Advisors is an industry-generalist private equity firm with deep expertise in succession-planning transactions. The firm embraces a practical “Main Street” approach to investing, deploying committed capital into established, profitable businesses across underserved U.S. markets in the lower middle market. AAVIN specializes in leading buyout and recapitalization transactions for founder- and family-owned companies, leveraging more than 40 years of experience and a collaborative operating philosophy to create long-term value throughout each investment.
“This transaction was especially meaningful to me. Over nearly two years, I had the privilege of getting to know the FormTech team and understanding their goals for a successful exit. After exploring opportunities with several buyer groups, ultimately AAVIN proved to be the ideal partner. I’m proud of the outcome we achieved together and excited for the company’s next chapter.” - Eric Kolesnikov, Associate Director, Benchmark International
Americas: Sam Smoot at +1 (813) 898 2350/ Smoot@BenchmarkIntl.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
About Benchmark International:
Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled transactions across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network, as well as the #1 Sell-side Privately Owned M&A Advisor in the World by PitchBook’s and Refinitiv’s Global League Tables.
Website: http://www.benchmarkintl.com
Blog: https://www.benchmarkintl.com/insights
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Benchmark International
Brittney Zoeller
813-898-2350
www.benchmarkintl.com
Brittney Zoeller
813-898-2350
www.benchmarkintl.com
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