Jul 9, 2023 | Business
Benchmark International has successfully facilitated a transaction between Blue Wave Capital and Consulting, LLC (“Blue Wave”) and Houston-based Pelican Energy Partners (“Pelican”).
Blue Wave is a software-as-a-service (SaaS) business that develops and sells artificial intelligence (AI) based software. The software is composed of machine learning-based algorithms, which use nuclear power plant data to inform fuel configuration and purchasing decisions. The company also designs platforms to create predictive models of components that are resident in the nuclear power plant infrastructure. Similar software has been developed for DARPA, the Defense Advanced Research Projects Agency (a division of the U.S Department of Defense) to effectively assess complex and chaotic situations and mitigate national security risks.
“We chose Benchmark International as our advisor in this process to ensure that we received the best and highest value commensurate with the unique capabilities and execution we built at Blue Wave. The Benchmark team played a pivotal role in terms of both deal structure and guiding all parties through to a successful closing. We are truly excited to be teamed with our new partners at Pelican, and we look forward to working with them to seize the many huge opportunities that remain ahead of us.” -CEO Gina Gruenwald, Blue Wave Capital
Pelican provides exceptional companies with capital and effective management guidance based on extensive industry experience. Pelican creates value by partnering with experienced management, such as Blue Wave’s founder-led team, to improve and grow exceptional businesses. The firm specializes in working with companies that demonstrate competitive advantages in a well-defined market segment and a demonstrated commitment to fair and honest business practices that align with Pelican’s core values.
“Blue Wave is a special company providing differentiated value-driving technologies to the nuclear power industry, which is critical to US energy independence and national security. In Pelican Energy Partners, the Blue Wave team has found a proven growth partner with deep energy industry experience and a clear mandate to expand Blue Wave’s reach and capabilities.” -Senior Transaction Director William Sullivan, 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
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 $10 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.
Website: http://www.benchmarkintl.com
Blog: http://blog.benchmarkcorporate.com
Jul 9, 2023 | Business
Benchmark International has successfully facilitated a transaction between Sunny Morning Foods, Inc. (Fort Lauderdale, FL) and Burris Logistics (Milford, Delaware).
Sunny Morning Foods is a premier wholesale food distributor. The company’s top-tier product lines offer multiple distinct goods, and include: eggs, butter, cheese, dairy, and ingredients for manufacturing. The company serves segmented markets that are comprised of wholesale food distributors, exporters, food processors & servicers, retailers, and the cruise & airline sector. Sunny Morning’s footprint extends from the Southeastern United States to Central & South America, as well as the Caribbean Islands.
Burris Logistics was founded in 1925 and is a preeminent provider of distribution and storage solutions to the food and beverage industries. The company provides climate-controlled warehousing, dry/ambient storage, e-commerce fulfillment, distribution, and other business services. Burris Logistics mainly supplies producers, manufacturers, and transporters to name a few. Burris has recently completed multiple transactions which were chiefly vertical integration plays in key market segments. Some of those moves involved Honor Foods (Philadelphia) and Sommer Maid Creamery (Pipersville).
“It was a pleasure working with Sunny Morning President Dale Volkert and Vice President Ken Carlson on this transaction. We were able to source a great deal of interest for this opportunity very quickly but were aligned with our client in playing a longer game, if needed, to find the exact right buyer. We certainly achieved that goal with Burris Logistics. Sunny Morning fits perfectly with their ambitious demonstrated consolidation and expansion activities, and we know the future is bright for both partners in this acquisition.” – Senior Associate Parker Wilson, 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
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 $10 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.
Website: http://www.benchmarkintl.com
Blog: http://blog.benchmarkcorporate.com
May 9, 2023 | Business
CleverTap, the World’s #1 retention cloud, released the findings of its Foodtech and E-Commerce industry Benchmark Reports. Foodtech and e-commerce apps experienced exponential growth during the pandemic. According to App Annie’s State of Mobile Report 2022, time spent on shopping apps scaled to more than 100 billion hours – up 18% year-on-year. Users spent 50% more sessions YoY in 2021 than in 2020 on foodtech apps. The benchmark reports reflect data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America.
The findings offer insight into how consumers engage with foodtech and e-commerce apps. Marketers can craft and deliver personalized messages and campaigns that can help drive engagement, retention, and growth. Some of the key metrics in the report include:
https://www.acnnewswire.com/docs/Multimedia/20230509_CleverTap.jpg
“The findings from our benchmark reports are aimed to help marketers improve engagement and user journeys by providing insights into the behavior of e-commerce and foodtech app users.” said Jacob Joseph, VP-Data Science, CleverTap. “As the app economy continues to expand, foodtech and e-commerce marketers will need to find ways to drive customer ‘stickiness’ which currently stands at a meager 15% and 17% respectively. Customized messaging informed by behavioral insights are crucial to get customers to return to the app interface and drive up this metric.”
For e-commerce marketers, the challenge and opportunity is to ensure that their company’s app not only stands out in a crowded and fiercely competitive market. But also encourages users to make quick purchases, return frequently to buy more, and hopefully, spend a sizable sum with each transaction.
16% of new users of foodtech apps complete more than one transaction in the first week. Best-in-class customer service will help boost this metric and keep customers returning for more. Foodtech companies need to be quick to offer special deals to new users and drive conversions. The benchmark report helps foodtech and e-commerce apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus.
The reports can be downloaded with the links below:
– Foodtech App Engagement Benchmark Report 2022 https://clevertap.com/insights/food-tech-benchmark-report/
– E-commerce App Engagement Benchmark Report 2022 https://clevertap.com/insights/ecommerce-benchmark-report/
About CleverTap
CleverTap is the World’s #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It’s the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.
The platform is powered by TesseractDB(TM) – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco.
Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, Sao Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
For more information:
SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com
VISHAAL MUDHOLKAR
Consultant
Archetype
+91 9724309069
vishaal.mudholkar@archetype.co
Topic: Press release summary
Apr 15, 2023 | Business
Benchmark International is pleased to announce the completed acquisition of Inspirant Group Inc. by 10Pearls LLC.
Inspirant Group is an award-winning consulting firm with expertise in delivering optimized solutions in transformation and automation. The company focuses on people, process, and technology and their “Unconsultants” deliver advanced customizable solutions to fit their client’s needs. On average, their professionals have over 20 years of experience working in-house and partnering with the Big Four firms to solve complex problems and implement simple solutions. The seasoned consultants are passionate about their work, and it shows. The employees are senior-level resources with a wide range of proven skills and business knowledge that crosses many industries, business areas, processes, and applications.
“From our initial conversation through the final closing, the team at Benchmark International was thoughtful, responsive, and clearly had our best interests top of mind. Thanks to them, we were able to find the perfect buyer for this next phase of our growth.” – Meighan Newhouse, Co-Founder and CEO, Inspirant Group
10Pearls is a global, purpose-driven digital technology partner helping businesses re-imagine, digitalize and accelerate. As an end-to-end digital partner, 10Pearls helps businesses create transformative digital products incorporating exponential tech (AI/ML, Blockchain, IoT, AR/VR). Headquartered in the Washington DC metro area, 10Pearls has delivery centers in North America, Latin America, Europe, and South Asia.
The acquisition will strengthen 10Pearl’s position in the healthcare industry and open many doors for Inspirant Group, while bringing benefits to clients and expanding their world-class services.
“The team at Inspirant Group was terrific to work with and clearly focused on a partner with capabilities to reinforce the company’s competitive position. Although there were many great buyers, it was certain that 10Pearls fit the bill from the start. Both 10Pearls and Inspirant Group will undeniably thrive in this partnership, and we are excited for the road ahead. – Claudia Roecker, Senior Deal Analyst, Benchmark International
Americas: Sam Smoot at +1 (813) 898 2350 / Smoot@BenchmarkIntI.com
Europe: Michael Lawrie at +44 (0) 161 359 4400 / Lawrie@BenchmarkIntl.com
Africa: Anthony McCardle at +27 21 300 2055 / McCardle@BenchmarkIntl.com
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 $9.4 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.
Website: http://www.benchmarkintl.com
Blog: http://blog.benchmarkcorporate.com
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