Benmar Marine Electronics
Benmar Marine Electronics, Inc., a wholly owned subsidiary of Belgrave Industries, Inc., is based in Newport Beach , California . The company provides marine navigation and control products to the recreational and commercial boating industry.
Datamarine International, Inc., headquartered in Mountlake Terrace , Washington is a publicly traded company that manufactures marine and land radios and navigational instruments, such as depth sounders, knotmeters, water temperature gauges, and wind speed and direction indicators.
OEM Capital was asked to assist Belgrave Industries, Inc. in selling its Benmar Marine Electronics business. The timely closing of a transaction helped Belgrave Industries, Inc. in its plan of reorganization.
As a result of our involvement in properly presenting the company to the most appropriate audience and our management of the sale process, our client was able to realize a timely transaction.
Our success with Belgrave lndustries, Inc. illustrates that, whether a business is healthy, under performing or distressed, superior valuations can be realized for the selling shareholders by a well-executed approach to a sale or divestiture by merger and acquisition professionals who are knowledgeable about the industry and the intentions of its participants.