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Benchmark International Facilitated the Transaction Between Electromagnetic Industries LLP and Olympic Controls Corporation
June 6, 2023
Benchmark is pleased to announce the transaction between Electromagnetic Industries LLP and Olympic Controls Corporation. The reason for targeting was strategic expansion.
The seller, Electromagnetic Industries LLP (founded in 2003), manufactures components used in switchgear and motor controllers. They are known for their preeminent products and lightning-quick turnaround times.
The buyer, Olympic Controls Corporation (OCC), is a multigenerational family legacy in manufacturing superiority. Within the vast 20,000-square-foot full-service facility, they harness over 50 years of premier design quality and individualized development services.
The synergies between the two parties were apparent from the start, and the outfits complemented each other perfectly. This made for a smooth transition process from start to finish.
Benchmark International established a large pool of buyers with multiple offers. This ultimately resulted in a proposal that the sellers could accept. With the trust and rapport forged and supported by Benchmark International during the due diligence period, the sellers were confident that the buyers would foster their future objectives. It was inevitably paving a path to a conclusion for both parties.
“This deal was a great example of the perfect strategic fit. It’s always incredible to see high levels of motivation and excitement from both sides of a transaction up until and through closing. It was a pleasure to work with both the buyer and the seller, and we wish them nothing but the best moving forward.” -Transaction Associate Haden Buckman, Benchmark International
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