Benchmark International Facilitated the Transaction of Read's Uniforms & Brighton Partners Equity

 
TAMPA, Fla. - Oct. 6, 2020 - PRLog -- Benchmark International has successfully facilitated the transaction between Read's Uniforms and Brighton Partners Equity. Read's Uniforms, Inc., hereinafter referred to as "Read's", is an omnichannel distributor of uniforms and accessories for resale to all five major uniform verticals including medical, public safety, industrial, hospitality, and education.

Eric Hutzler, Owner of Read's Uniforms, mentioned regarding the transaction, "As founders, we were very pleased with the pipeline of qualified buyers that Benchmark was able to produce. We had multiple options to choose from, each with a unique upside to consider. Ultimately, it is highly unlikely we would have found any of these opportunities on our own."

Brighton Partners Equity hereinafter referred to as "Brighton" is a private equity firm focused on regional distribution and service companies where geographic expansion is a key driver of future growth. Brighton takes a hands-on approach, bringing objective analysis and years of small, growth-oriented company experience to each investment opportunity.

Read's was a perfect fit into the current portfolio of Brighton, and an excellent platform for Brighton to expand upon based on their investment thesis. The challenges that COVID presented during this transaction were not insignificant, causing all sides to come together and develop creative financing solutions when the debt markets were retracting. This deal is a cathartic end to the Hutzler's vision and a welcome beginning to a new partnership that is sure to thrive in the coming years.

Benchmark International's Managing Director, Dara Shareef commented regarding the deal completion, "Benchmark International is happy to have successfully facilitated the transaction between Read's Uniforms and Brighton Partners. Deal fatigue could have impeded this transaction at many points, but both sides remained diligent in their efforts. We certainly look forward to the prospect of working with the Hutzlers and Brighton Partners again should the opportunity present itself."

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 +2721 300 2055 / McCardle@BenchmarkIntl.com

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 $6B across various industries worldwide. With decades of global M&A experience, Benchmark International's deal teams, working from offices across the world, have assisted hundreds of owners with achieving their personal objectives and ensuring the continued growth of their businesses.

Website: http://www.benchmarkintl.com/
Blog: http://blog.benchmarkcorporate.com/

Contact
Brittney Zoeller
***@benchmarkintl.com
End
Source: » Follow
Email:***@benchmarkintl.com Email Verified
Tags:Mergers And Acquisitions
Industry:Financial
Location:Tampa - Florida - United States
Subject:Mergers
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Benchmark International PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share