Insights
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
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.
Publicaciones relacionadas
Benchmark International Announces Tyrus O’Neill as New Chief Executive Officer (CEO) of the AmericasTAMPA, FL – 03/14/2025 – Benchmark International, a leading global mergers and acquisitions (M&A) advisory firm, is excited to announce Tyrus O’Neill as the new Chief Executive Officer (CEO) of the Americas. The appointment is part of Benchmark International’s ongoing strategy to accelerate its global growth and service innovation.Expectativas para las fusiones y adquisiciones en el mercado intermedio en 2025Encuestas recientes han mostrado que las perspectivas de fusiones y adquisiciones para 2025 apuntan a los niveles más altos de optimismo de los últimos años en cuanto a la actividad de negociación. La decimocuarta encuesta anual de Citizens Bank a más de 400 ejecutivos de alto nivel del mercado medio y directivos de capital riesgo de Estados Unidos afirma que un entorno económico favorable es una razón clave por la que las empresas y los inversores buscarán estrategias de fusiones y adquisiciones en 2025. Además, las incertidumbres de los últimos años han remitido, y se prevé que las valoraciones se mantengan estables o sean superiores a las de años anteriores. Mientras tanto, las empresas medianas más pequeñas están adoptando un enfoque más reservado, y muchos vendedores optan por vender una parte de su negocio frente a una venta completa. En resumen, los responsables de la toma de decisiones encuestados esperan que en 2025 se produzca un crecimiento económico y un mayor índice de operaciones de fusión y adquisición.