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Benchmark International Fciltd the Trnct of TDS Erectors & Crane and Capital Extension Crane & Lift
TDS Erectors, Inc. (doing business as TDS Erectors & Crane Service) is a family-owned general contractor in Ashdown, Arkansas. They offer various services such as: crane and rigging rental, equipment installation, steel fabrication, industrial maintenance, and more. Barbara Day and the late Thomas Day established the business in 1973. Their son Steve Day now holds the reigns of the business. Since its inception, the company has become a versatile general contractor serving industrial markets nationwide.
SouthWorth Capital Management is a family firm that specializes in private investments across various industries. Capital Extension Crane & Lift, a portfolio company of SouthWorth, is an equipment rental company providing reliable alternatives to equipment ownership across a wide range of markets. Initially formed in response to shifting dynamics around capital expenditures, Capital Extension seeks to build a national crane & rigging platform through disciplined acquisitions, dynamic capital allocation, and improved fleet productivity.
"The addition of TDS Erectors to CEX represents another step toward realizing our vision to build a national crane & rigging platform. TDS will extend and diversify our geographic and end markets while adding new service and equipment categories. TDS, celebrating its 50th anniversary this year, has built an exceptional company dedicated to serving its employees and customers. We're excited to grow the business and continue their legacy." -President Garland Robeson, Capital Extension Crane & Lift
Benchmark International brought a flurry of buyers to the table for this opportunity, which led to multiple offers for the seller's review. This ultimately resulted in an offer that the seller was eager to move forward with. The seller was open to the structure offered, and a good rapport was forged with the buyer because of the opportunities it presented for his employees in the future. All parties worked together to successfully close this transaction. Any bumps in the road that were encountered during due diligence were taken in stride, to maintain their course to the end goal.
"It was a pleasure to work not only with our client since the start of our time together but with every party involved in this transaction. We look forward to continuing to watch Capital Extension grow in the future and wish everyone the best moving forward." - Transaction Associate Emilia Muniz, 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