BENCHMARK INTERNATIONAL ADVISES ON TREC CORPORATION’S SALE TO INERGEX HOLDINGS
Benchmark International has successfully negotiated the sale of TREC Corporation (dba TREC Global) to Inergex Holdings LLC.
TREC Corporation, headquartered in New Jersey, operates a technically advanced call center in Manila, Philippines. TREC provides business support services to a broad range of customers including technology companies, catalog and internet retailers, marketing and collection firms, as well as logistics providers.
Inergex, based in Buffalo, New York, is an IT Services company helping business leaders clear the path to innovation by providing several core services: IT Service Management, ServiceNow Implementation, Managed IT Services, Project Management, and iPOWER Support. The purchase of TREC by Inergex was a strategic acquisition allowing Inergex to expand its offerings in both the enterprise and mid-market spaces.
Dara Shareef, Director at Benchmark International, said, “We truly enjoyed working with the owners of TREC and are thrilled at the successful outcome. Inergex is a buyer who truly understands TREC’s business. Edith and Tom Reilly are eager to join forces with the experienced management team at Inergex and the clients of the newly combined entity will enjoy the benefits of this acquisition.” Senior Associate, Graham Woodard, added, “The entire Benchmark team would like to wish our clients at TREC Corporation best wishes moving forward. We are thrilled to have worked alongside Edith and Tom Reilly and fulfilling their desires in a successful deal.”
TREC Global President, Edith Reilly and VP of Operations, Tom Reilly, stated, “We are enthusiastic to move forward with a worthy partner in Inergex knowing that our clients will receive an even higher level of service. Edith and I are pleased to remain in our leadership roles at TREC and build on the resources at Inergex to accelerate our growth. Having an acquirer who understands the nuances of our business was extremely helpful in making this a successful partnership. We would like to thank Benchmark International’s transaction team in assisting us throughout the entire process from preparing our business for market to a successful outcome at the closing table.”
ABOUT BENCHMARK INTERNATIONAL
Benchmark International’s global offices provide business owners in the middle market and lower middle market with creative, value-maximizing solutions for growing and exiting their businesses. To date, Benchmark International has handled engagements in excess of $5 billion across 30 industries worldwide. With decades of global M&A experience, Benchmark International’s deal teams, working from 13 offices across the world, have assisted hundreds of owners achieve their personal objectives and ensure the continued growth of their businesses.
We are ready when you are.