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Benchmark International Successfully Facilitated The Transaction Between GloveIt, LLC And Ruscan Chem Inc.

March 5, 2024

Benchmark is pleased to announce the transaction between GloveIt, LLC and Ruscan Chem Inc. The transaction represents a strategic, vertical expansion for the Ruscan Chem team.

Headquartered in Scottsdale, Arizona, GloveIt was established in 2002 by the Managing Member and CEO, Karen Gleason. The company is a designer, e-commerce retailer, wholesaler, and international fashion-forward women’s sports accessories distributor. They focus on women’s golf, tennis, and pickleball products and maintain relationships with big box stores, including PGA Tour superstore, Golf Galaxy, and Worldwide Golf.

In Ontario, Canada, Ruscan Chem is a CPG distributor, utilizing e-commerce retail to distribute its current product base to over 10 countries worldwide. The acquisition of GloveIt is a valuable addition to their existing portfolio, consisting of products falling into the categories of health, wellness, sports equipment, accessories, and gear.

Benchmark International brought several buyers to the table for this opportunity. Multiple offers were received for the seller’s review, ultimately resulting in an offer that the seller could not refuse and one that she was excited to move forward with, not only for the offer itself but for the growth potential it offers to the company.

“Working with Karen and her team to complete this transaction was such a joy. We wish her the best in the future and are excited to see GloveIt and Ruscan Chem continue to grow together.” - Emilia Muniz, Senior Transaction Associate

Americas: Sam Smoot at +1 (813) 898 2350 / [email protected]

Europe: Michael Lawrie at +44 (0) 161 359 4400 / [email protected]

Africa: Anthony McCardle at +27 21 300 2055 / [email protected] 

 

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 over $11 billion in transaction value 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 Exclusive M&A Advisor in the World by Pitchbook's Global League Tables.

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