After years in construction, you’re ready to move on to the next phase of life, whether that’s retiring or trying your hand in another industry. You’re investigating how to sell your construction company and want to ensure you do it right. That means getting the best price for the company and choosing a buyer who will do what it takes to keep the company running and maintain its success. If you’re wondering where to start when selling a construction business, Synergy Business Brokers is here to help. We facilitate the sale of your business, helping you value it correctly, connecting you to qualified buyers, and negotiating the best terms.
Choosing an experienced construction business broker lets you find a buyer for your company more quickly and ensures that you get the right price for your business. A business broker who knows the industry can also help you make the best choices for your company’s future. It could be that you sell now but stay on with the company through the transition period. Alternatively, the best option might be to sell your business and move on immediately. Synergy Business Brokers has more than a decade of experience facilitating construction company sales throughout the US. We’ve worked with companies in the following areas of construction:
Check out our case studies for more details on how we’ve guided business owners through the sale process. For example, we worked with the majority owner of AAES Engineering, Inc., who was in his 60s and was ready to transition into retirement. The minority partner was 50, and the owners decided that the best option would be to sell the business and have the minority owner work for the company. We received multiple offers on the business. The best offer was from a large construction company with numerous offices that wanted to expand its capabilities to provide engineering services. The construction company provided an employment agreement for the minority partner and the terms of the deal that satisfied all parties. In another instance, we worked with the owner of American Concrete Pumping. The business provides commercial and residential concrete pumping to build floors, walls, and foundations. The owner was looking to retire and reached out to us. We marketed the business and found many suitable buyers, one of which was just the right match for the owner. We’ve also worked with heating and cooling companies. For example, we found a buyer for Interstate Heating & Cooling when the owner was ready to sell. The company works with residential and commercial customers and performs around 600 installations annually, as well as HVAC service and repair. The buyer wanted to expand their reach in New York and agreed to have the business owner remain on salary and commission with the company for a year after the sale. It took about four months to close the deal.
Mergers and acquisitions are other options for business owners who want to sell their construction companies.
Acquiring companies or merging with competitors allows construction businesses to grow more quickly. They can move into new markets or begin offering new services when they acquire or merge with other companies. Finding a company looking to expand its footprint or increase its profitable growth quickly can be a good option when it’s time for you to sell your business. We have a large number of construction companies that are interested in acquiring companies that can help them grow profitably. We’ll help you find just the right one.
If you’re ready to sell your construction company or would like more information on the process, Synergy Business Brokers can guide you through it. We have numerous five-star reviews from satisfied business owners and have won multiple awards for top business brokers in the country. Contact us today to see how we can streamline the sale of your business, helping you get the best price and terms when you sell.