Benchmark International Advises on the Sale of Weigelt Enterprises to a Financial Buyer
Benchmark International facilitated the sale of Weigelt Enterprises, LCC headquartered in Buda, Texas with additional locations throughout Central Texas. They were acquired by an undisclosed financial buyer based in Austin, Texas.
Weigelt Enterprises, founded by Wayne Weigelt in 2003, provides a full range of commercial landscaping services to new and existing land development projects. The financial group has experience in the industry and was a good cultural fit for Weigelt Enterprises bringing in a talented group of individuals with vast experience in the industry. This acquisition will serve as a platform company to establish themselves in the Austin market. They plan to make additional add-on acquisition in the coming months.
Senior Associate, Luis Vinals commented, “We saw throughout the entire process that the acquirer wanted to become involved with the business to help take the company to the next level and expressed interest in keeping existing management happy. With this knowledge the team was able to negotiate a deal that would allow for the founding owner to continue on with the company and benefit from future growth of the company.”
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