EXCEL Management Systems expands through acquisition of Romack Group, advised by Benchmark International.
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| Benchmark International facilitates IT services industry merger between Romack Group and EXCEL Management Systems. |
Benchmark International, a global mergers and acquisitions firm, announced on Thursday the successful acquisition of Romack Group by EXCEL Management Systems, Inc.
This transaction marks a significant step for both companies, with EXCEL strategically expanding its reach and Romack securing an exit strategy.
Established in 1993, Romack Group is a leading provider of professional services, including employer of record (EOR), agent of record services, IT healthcare staffing, IT security, and contingent search. EXCEL Management Systems, Inc., a minority-owned small business headquartered in Columbus, Ohio, specializes in delivering innovative IT solutions tailored to its clients' specific needs.
The acquisition, facilitated by Benchmark International, allows EXCEL to achieve its growth objectives through strategic expansion and potential future acquisitions.
Romack, on the other hand, benefits from a successful exit strategy and the potential for continued growth under EXCEL's leadership.
"We are thrilled to have found the perfect partner in EXCEL Management Systems," said a spokesperson for Romack Group. "We are confident that this acquisition will allow us to continue providing excellent service to our clients while also offering new opportunities for our employees."
EXCEL Management Systems echoed this sentiment, highlighting the cultural fit and shared values between the two organizations.
"We are excited to welcome the Romack Group team to the EXCEL family," said a spokesperson for the company. "We believe that this combination will create a stronger and more successful organization overall."
Benchmark International played a pivotal role in bringing the two companies together, managing the transaction process and ensuring a smooth and successful outcome for all parties involved.
"We are proud to have facilitated this strategic partnership," said a representative from Benchmark International. "We believe that this acquisition will be beneficial for both Romack Group and EXCEL Management Systems, and we look forward to seeing their continued success in the future."