Benchmark International has announced the successful completion of a transaction between Satex Plumbing, Inc. and Bleuwave General Contracting, LLC. This acquisition signifies a strategic move for Bleuwave General Contracting, LLC, as it seeks to scale its operations and establish a foothold in the Texas market.
Founded in 1983, Satex Plumbing, Inc. initially focused on residential projects before shifting its focus to commercial customers. Over the past two decades, Satex has specialized in various commercial projects, including repairs, remodels, and new constructions, particularly excelling in the medical, retail, and restaurant sectors. The company has built a reputation for delivering high-quality services at reasonable prices.
Joel Stolarski, the founder of Satex Plumbing, Inc., expressed his satisfaction with the role Benchmark International played in the transaction, stating, "The Benchmark group was a blessing to me. They kept me in touch throughout the process and helped me complete the deal. I recommend them to anyone interested in selling their business."
Bleuwave General Contracting, LLC, based in Arizona, brings extensive expertise in commercial, industrial, and retail general contracting. The company is committed to developing strategies that create lasting value, thereby ensuring client confidence in their capabilities.
Jeffrey Garza, Deal Associate at Benchmark International, shared his enthusiasm about the transaction, saying, "Our team at Benchmark International was thrilled to navigate the conversations with our client and walk them through the M&A process. It was even more exciting to witness the bond form between Satex Plumbing, Inc. and Bleuwave General Contracting, LLC. We are optimistic about the success of both parties as they embark on their next chapters."
This acquisition is particularly important as it highlights the growing trend of strategic mergers and acquisitions aimed at achieving scale and expanding market presence. For Bleuwave, entering the Texas market could mean significant growth opportunities and the ability to leverage Satex’s established reputation and customer base. For Satex, the acquisition provides an avenue for continued growth and the resources needed to enhance its service offerings.
The successful facilitation of this transaction by Benchmark International underscores the firm’s expertise in handling complex M&A processes and their ability to create value-maximizing solutions for business owners. With over $11 billion in transaction value across various industries, Benchmark International continues to be a pivotal player in the global M&A landscape.
