Insights

Benchmark International has successfully facilitated the transaction between Cire Airos (Pty) Ltd and Kiki Products (Pty) Ltd t/a Northridge

May 18, 2023

Benchmark International is pleased to announce that Cire Airos (Pty) Ltd. has successfully acquired controlling interest in Northridge. 

Northridge was established in 2008 by Paul McLaughlin. It has evolved into a premier manufacturer of backpacks and outdoor equipment. Northridge's footprint is prevalent in South Africa and beyond. They boast a dedicated team of 46 skilled professionals and a loyal clientele base in excess of 200. Northridge prides itself on providing exceptional customer service, quick turnaround times, and lifetime product guarantees. 

Soria Wisse is the driven entrepreneur representative of Cire Airos (Pty) Ltd. She has a keen eye for identifying growth opportunities. Wisse's ability to foster strong partnerships makes her the ideal candidate to collaborate with McLaughlin, as he envisions a phased approach to stepping away from the business. This partnership will capitalize on Wisse's entrepreneurial acumen while leveraging McLaughlin's extensive knowledge of the outdoor equipment industry, to ensure unencapsulated growth for Northridge. 

"This partnership with Soria, through Cire Airos (Pty) Ltd, is a fantastic opportunity for Northridge to inject new energy into the business and to benefit from our combined efforts to expand and grow. With Soria's entrepreneurial spirit and commitment to progress, I am confident that we will reach new heights and further establish our brand in the global market." In addition to his positive outlook on the acquisition, McLaughlin also expressed his satisfaction with the transaction process. He added, "Working with the Benchmark team has been an absolute pleasure. Their professionalism, dedication, and expertise in managing this transaction have been outstanding. I would highly recommend their services to anyone looking to sell a business. They have made this a seamless and rewarding experience for us at Northridge." -Founder Paul McLaughlin, Northridge 

"I have always admired the commitment to quality and innovation at Northridge. Although I am new to the outdoor and adventure sectors, I am eager to learn from Paul and work closely with Northridge's talented team to continue its legacy of excellence. Together, we will develop a strategy for growth that will benefit the company and its customers in the long run." -Representative Soria Wisse, Cire Airos (Pty) Ltd 

"We are proud to have facilitated this deal between Cire Airos and Northridge. In this instance, Benchmark International worked closely with both the buyer and the seller throughout the process to conclude the transaction. We believe this acquisition is a great fit and will result in significant growth and success for both parties. Working with Paul and Soria has been a delightful experience, and we eagerly anticipate following their progress. We wish them continued success in their future endeavors."-Transaction Director Tiaan Smit, Benchmark International 

 

 

Share This Post
Categories

Get These Insights Delivered Directly To Your Email

Explore our curated collection today and stay ahead of the curve in M&A.

Related Posts
Benchmark International Named Investment Banking Firm of the Year for the Second Year in a RowThe M&A Advisor announced the winners of the 16th Annual International M&A Awards, and Benchmark International was again recognized in several categories, including being named Investment Banking Firm of the Year for the second consecutive year.Benchmark International also received the following awards this year:M&A Deal of the Year ($10MM to $25MM) •    For the acquisition of Whistler Tech by Milexia Consumer Staples Deal of the Year •    For the acquisition of Copernus Ltd. by Suempol Sp The M&A Advisor Awards are known as the Oscars of the M&A world, serving as the industry benchmark for dealmaking excellence and recognizing the leading M&A transactions, restructurings, deal financings, products and services, firms, and professionals. An independent panel of global M&A, restructuring, and corporate finance practitioners evaluated nominations from around the world, representing companies with deals ranging from $10 million to more than $10 billion. The winners will be honored on September 15-16, 2025, at a black-tie gala in New York City.Kayla Sullivan Earns the M&A Advisor's Emerging Leaders AwardBenchmark International is pleased to announce that our very own Kayla Sullivan has been named an Emerging Leader by The M&A Advisor’s 16th Annual M&A Awards. This award is given to a distinguished group of rising stars shaping the future of mergers & acquisitions, restructuring, and corporate finance.
Not Finding What You're Looking For?
Ready to dive into our featured M&A content and gain valuable insights for your business?