Benchmark Global Hospitality and Pyramid Hotel Group Merge to Form Benchmark Pyramid

Hotel Equities and Springboard Hospitality Merge

May 6, 2025

Restaurants & Hospitality

Hotel Equities and Springboard Hospitality announced a strategic merger effective May 1 to create a scaled, owner-focused hotel management company operating across the United States, Canada, the Caribbean, and Latin America. Ben Rafter (formerly CEO of Springboard) will serve as CEO of the combined company and Brad Rahinsky (former Hotel Equities CEO) will serve as chairman, with the combined firm leveraging complementary strengths in branded and independent/lifestyle hotel management.

Goldman Sachs (Merchant Banking) Agrees to Buy B&B Hotels from PAI Partners

May 20, 2019

Restaurants & Hospitality

PAI Partners has entered exclusive negotiations to sell B&B Hotels, the France‑headquartered budget hotel chain operating across Europe, to the Merchant Banking Division of Goldman Sachs. The deal—subject to employee consultations and regulatory approvals—is expected to close in H2 2019 and transfers a platform that PAI expanded to 486 hotels and 42,832 rooms across 12 countries.

Waterford Hotel Group and Maverick Hotels & Restaurants Merge

December 1, 2025

Restaurants & Hospitality

Waterford Hotel Group and Maverick Hotels & Restaurants have merged to create a combined hospitality management platform with a portfolio of more than 50 properties. The strategic merger expands geographic reach (adding strength in the Midwest and Chicago market), broadens brand mix across Marriott and Hilton properties and boutique inns, and positions the combined company for accelerated growth and development activity.

Worldwide Facilities Acquires Benchmark Management Group

July 2, 2019

Insurance

Worldwide Facilities, a national wholesale insurance broker and MGA, has acquired Benchmark Management Group, a managing general agent and wholesale insurance broker with operations in the Chicago and Milwaukee metro areas. The deal expands Worldwide Facilities' MGA platform by broadening its geographic footprint and specialty product offering; Benchmark principals Tim and Shawn Makowski joined Worldwide Facilities. Marsh, Berry & Company served as financial advisor to Benchmark.

Marjan Acquires and Integrates RAK Hospitality Holding in Landmark Merger

October 22, 2025

Real Estate

Marjan and RAK Hospitality Holding have agreed to merge, creating a unified entity that will operate under the Marjan name and combine real estate development with hospitality operations. The consolidation is intended to accelerate Ras Al Khaimah’s tourism and investment ambitions under RAK Vision 2030 by integrating land development, hospitality operations, and lifestyle offerings.

Trinity Consultants Acquires Benchmark Risk Group

October 14, 2025

Environmental Services

Trinity Consultants, a global environmental and life‑sciences consulting firm based in Dallas, has acquired Benchmark Risk Group, a Chicago‑based scientific consultancy specializing in exposure science, toxicology, industrial hygiene and risk assessment. The acquisition expands Trinity's Life Sciences / Risk Science and Safety capabilities and integrates Benchmark's interdisciplinary team into Trinity Consultants Life Sciences.