#1 Rated Business Brokers for our industries of expertise

Business Brokers with M&A Industry Experience

If you are considering selling a company, you want your M&A firm or Business Brokerage firm to have experience in your industry. Quicksprout (a well-regarded business advisory site) has ranked Synergy Business Brokers as the #1 Brokerage for the industries that we specialize in below. There are several advantages that an advisory firm with industry experience can provide, including:

  • Relationships with buyers within the industry or related industries
  • The ability to emphasize the strengths of your business as it relates to the industry
  • Experience in writing marketing documents for companies in your industry
  • Understanding the language of the sector

In this article, we will discuss some of the areas below in which Synergy Business Brokers has had experience selling companies and in which we have developed a relationship with buyers within these industries. Feel free to skip ahead to a sector that is of interest following the overview. The industries appear below:

1-Ranked-Business-Broker-Specifi

Selling your Company to a buyer within your industry vs. Selling outside your industry

When selling a business within a given industry, we recommend keeping an open mind. In some cases, the best offer comes from someone within the industry, and in some cases, the best offer comes from someone outside the industry.

In addition to price and terms, there are other factors to consider when selling to a buyer within your industry or outside your industry. Some sellers are concerned about selling to a direct competitor. They may not want to sell to specific competitors and may be open to selling to others.

Confidentiality is essential when selling to any buyer. Still, when discussing your business’s sale with a direct competitor, you have to be extra cautious about releasing confidential information at the right time in the sales process. You want to make sure you have the proper protections in place if a deal is not closed.

Sometimes, other companies in related industries or different sub-industries can leverage your expertise better than a direct competitor. They may need your knowledge within the industry and may be willing to pay more for that than a company within the industry with this knowledge. An example would be a software company that wants to expand into providing IT Services. If you own an IT Services Company, your employees’ and customers’ value within the IT services industry may be precious in gaining traction within this new segment, making an ideal acquisition. 

Now that we’ve given you an overview of some of the factors that go into selling to an industry buyer or outside the industry, it’s time to discuss some of our experiences within each sector. You can click on whichever industry is of interest below. 

#1 Ranked Business Brokers for these Industries

Our sale of construction companies has dramatically increased in the last few years. As we continue to sell more construction companies in given specialty areas, we get more referrals from buyers and sellers, leading to more assignments and more closed businesses. Also, as the economy continues to grow, more construction companies are doing well, which is the market area that we focus on with profitable construction companies in the lower middle market, with revenues of $700,000 to $70 Million+.

We’ve sold dozens of businesses within the construction industry, including:

As with all of our assignments, we keep an open mind as to the buyer because sometimes the winning bidder comes from within the construction industry and sometimes from outside the industry. You can view some of the specific construction companies that we have sold.

Below are two examples of construction deals we’ve closed:

Lovell Belcher is a Land Surveyor Business in NYC that has been in business for over 100 years. The current owners were of retirement age and contacted us to help them. With Surveyor businesses, the buyer would need to be a licensed surveyor, so it narrowed the field of potential buyers. We had two Surveyor firms that were both very interested. However, one firm quickly made a full-price offer while the other firm wanted more information. The sellers decided to accept the full-price offer rather than spend time waiting to see what the other buyer would do. The winning buyer owned a Surveyor company on Long Island, and he was interested in breaking into the NYC market. The NYC firm had all the Manhattan area records and a large base of referrals that they had built up over 100 years.

Heating, Ventilation, and Air Conditioning company called Legacy Mechanical Group located in Connecticut. The seller was ready to retire and move back to his country of origin overseas. He was motivated to move quickly. We introduced a buyer in his local area who owned an IT Consulting Company and an Oil Delivery company that also did some HVAC work. He was interested in expanding his HVAC work and saw this company’s acquisition as the best way to accomplish that. He moved quickly, and the business sold in less than 3 months from the time we started selling the business.

If you are interested in acquiring a Construction Business, please view our Construction Companies for Sale.

We sell regional and national distributors, which are both desirable to buyers. Regional distributors are attractive because buyers often want to grow them nationally. National distributors are desirable because an acquirer has a large platform to distribute new products that can be provided to existing customers. In addition, these buyers may already have distribution channels where they can add new product lines and/or have the knowledge, contacts, and experience to expand the distribution network.

Some distributors are also manufacturers, and many distributors have supplier’s products that they resell. The number of suppliers they have can vary, and access to their suppliers can also be a selling point.

We sell a number of distribution companies every year, with experience selling distributors in the following sectors:

You can view dozens of case studies of distribution companies that we have sold here.  Below are two profiles of wholesale/distribution businesses that we have sold. 

  1. Import & Distribution Company imports goods primarily from China and sells them to retail stores in the US. They sold mainly consumer goods, including travel kits, packaging tools, cosmetics, electronics, clothing, and more. One concern potential buyers had was that 60% of their revenue came from 3 customers. Some other distribution companies were interested, but the best offer came from two partners who had been friends for a while. One of the partners had sales experience and felt that he could grow the business by proactively opening up new accounts. The other partner was supplying the funds and overall business knowledge. They offered full price and had bank financing in place.
  2. Chemical & Mineral Distribution Company. They had many products that they sourced from within the US and overseas. They distributed products such as paint, paper, cosmetics, plastic, rubber, agriculture, and pharmaceuticals to industrial users within industries. The company owner had tried to sell the company unsuccessfully with another Broker they had used for over a year. We were able to locate many potential buyers successfully. The winning bid came from an investment firm headquartered in Hong Kong that had financial assets of over $500 Million. They preferred to use some financing; however, we introduced a local bank that we had a relationship with that supplied the funding with a 20% down payment.

To see our current distribution companies for sale, visit Distribution Businesses for sale.

We have been selling Healthcare businesses for over 20 years. There is no shortage of potential buyers for healthcare companies. The issue is finding the right buyer for the right business at a price that works for both parties. We sell profitable companies with an owner’s annual net income of $250,000 to $10 Million+. We have experience selling dozens of healthcare companies, including in the sectors below:

Buyers for healthcare businesses can vary from private equity firms, other healthcare companies, companies in related companies, or private investors. Below are two examples of healthcare businesses we sold:

  1. Home Healthcare Business in Connecticut. The owner was in their 60s and had built up a company with hundreds of home care workers and even more regular clients. We had offers from private investors, but the best offer came from a gentleman who owned a registered nursing business. The motivation for acquiring this business was to expand into another area that he wasn’t in, which was nonmedical home health aides. Having both companies would allow him to cross-sell each company’s current customer base with the synergies between the combined firms.
  2. Physical Therapy and Alternative Therapies Practice. This business provides PT, chiropractic, massage therapy, and acupuncture. The seller was ready to retire. We spoke with potential buyers, and the best offer came from a Physician who had his own practice and wanted to diversify and provide more services to more patients. He could refer patients between the two practices.

If you would like to acquire a Healthcare company, please view our: Health Care Companies for Sale.

Contrary to some articles in the press, we have found that US Manufacturing is alive and well. In many areas, US Manufacturing has been growing both revenue and profits. When owners of manufacturing businesses are ready to retire, we continue to see significant interest from potential buyers.

We focus on manufacturing firms with annual net incomes (including owners’ salaries and benefits) of $250,000 to $7 Million+. We can always expect a large number of potential buyers for these businesses. The potential buyers are usually private equity firms, other manufacturing firms, wealthy entrepreneurs, and companies that want to get into a niche manufacturing segment that the client is in.

Often, they can leverage what our client firm is manufacturing to grow the business geographically and through new distribution channels. In some cases, they are also able to streamline the company with modern technology.

We have experience selling the following types of manufacturing firms and have buyers looking for additional acquisitions in the following sectors:

You can view more details on some of the manufacturing businesses we have sold.

An Example of two of the manufacturing businesses we sold are:

  1. Our client manufactured and distributed custom architectural glass to contractors and construction companies. The products were used in both residential and commercial buildings. They had a 12,000 sq. ft. facility and also owned the real estate. We marketed the business to many other manufacturing firms as well as construction companies. The best offer came from an individual buyer in his late 30s. He had worked for a private investment firm and had accumulated his own money, and was now striking out on his own to develop his own investment firm. This was his first investment. He was able to purchase the business and real estate from his funds without any bank financing or seller financing.
  2. Our client is a Specialty Food Manufacturing & Distribution Business in the Capital Region of NY that sold to Supermarkets and other Food Retailers. The buyer who made the winning offers was a food manufacturer and distributor in the Rochester, NY, area interested in expanding its footprint. This acquisition enabled them to cross-sell each other customers with their own unique products, bringing more value to their customer relationships. The combined two companies should be able to increase profit beyond the total of the two companies separately.

If you are interested in acquiring a Manufacturing Company, please view our current: Manufacturing Businesses for Sale.

The Service Industry is a diverse group of business types that typically draw a different set of potential buyers for a given subcategory of types of services. 

With many of these types of businesses, a specific license or skill set is required, so it helps to have experience selling this particular type of business so that we have a pool of buyers to draw from right from the start of our assignment. This, combined with our advertising and marketing campaign, allows us to get the right buyers for each specific niche of Services.

Take advantage of our experience and contacts in selling the following types of services businesses: 

Here are two examples of Professional Services Businesses that we have sold:

  1. Marketing & Management Consulting firm. High-profile firm within the digital marketing industry as well as conventional marketing with Blue Chip clients. The owner’s name was well associated with the company’s brand name, so he knew he would need to stay on and provide a transition for any buyer. Although we had potential buyers within the marketing industry, the most attractive offer was an offer from a wealthy individual who purchased half of the business at a full-price valuation. He was going to have his sons run the business. One had experience in marketing, and the other was an attorney. The seller would have the option of selling the remaining 50% at a later time.
  2. Insurance Brokerage firm in New Jersey. Private insurance companies attract many potential buyers within the industry. There is a large pool of insurance companies that want to expand their business. The nature of the insurance business is that once a customer is with them, they tend to stay with them, which is attractive to buyers of insurance companies. We received several offers and were able to sell the business at a higher multiple of earnings than the average business sale.

Almost half of our staff have worked in the technology industry, so we understand the industry well. Some of our staff’s previous experiences within the tech industry are as follows:

  • VP of Sales & Marketing for a Software company. Grew the business over 2,000%, resulting in the sale of the company for $20 Million.
  • VP of Technology for Bank Of America/Merrill Lynch. Reported to the Chief Operating Officer.
  • Director of Sales of a High Growth IT Services Company.
  • National Account Manager of a Value Added Reseller
  • Senior Sales Positions at Fortune 500 Tech Companies

Our prior work experience within the industry has allowed us to sell technology companies at Synergy Business Brokers for over 20 years. We have built up a vast database of technology companies that we have relationships with from doing many M&A deals within the tech industry. Within the tech industry, we have sold:

If you are interested in buying a tech company, you can view our Tech Companies for Sale.

Here are two examples of deals that we’ve done:

  1. We sold an Electronic Healthcare Records (EHR) Software Company in New York to a Value Added Reseller located in Canada. The owner of the VAR wanted to diversify because his business had a very high net income. However, 98% of his business was tied up in one customer. If he lost that customer, he would no longer have much of a company left. He had access to financing with his local bank in Canada and outbid a private equity firm, a software company located in Europe, and a Silicon Valley tech company. Since his initial acquisition of the EHR software company, he has purchased several additional healthcare software companies to gain synergies within the space.
  2. We sold a value-added reseller with a specialization in the education market to a tech entrepreneur. The buyer had built up vast experience within the corporate technology industry and had amassed significant funds for an acquisition. His bid was higher than that of other technology firms within the industry, and he did not require any bank financing, so he was able to move quickly.

For more deals that we have closed, you can visit our Sold Businesses page. As you can see from the previous examples, many industries crossover, such as a healthcare software company and an education tech company. The next industry we will cover is healthcare.

We have experience selling a variety of transportation businesses. The various sectors within the industry can have different types of buyers that would be interested in their business. Some of the different kinds of transportation businesses that we have interested buyers for are:

To view our current Transportation Companies for sale, visit Transportation Businesses for sale.

Summary of M&A Industry Experience

We hope this document has given you a better understanding of our experience in a variety of industries. This list doesn’t include all of our expertise. It’s designed to highlight some of our areas of expertise.

We focus on selling profitable businesses with an owner’s net income (including the owner’s salary and benefits of $250,000 to $15 Million. If you have a company in that range you are considering selling, we offer a free, confidential consultation. Please fill out our Seller Registration, and one of our Senior Advisors will contact you. Please view our overview video at Synergy Business Brokers on Youtube.

There is no fee until your business is sold. We’ll talk to you more about your business and goals, let you know if it’s something we think we can help you with, and tell you more about our process. Since we don’t charge a fee unless the business is sold, we only take on assignments that we think we can be successful with.

Feel free to call us at (888)-688-4664 or email us at info@synergybb.com. We look forward to hearing from you.

cta-bg

Businesses for Sale based on Industry

If you are interested in purchasing a business, please view our businesses for sale based on industry. We provide an overview of each business for sale without the name of the business. Since all of our businesses for sale are confidential, to get the details, you would need to fill out our electronic NDA on whichever business is of interest and provide us with some information on your qualifications. Then, a broker will follow up with you.

Contact Us

content-image-2