Below are some of the businesses that Synergy Business Brokers has sold recently. We have experience selling companies in technology, manufacturing, construction, services, distribution, healthcare, engineering, transportation, and education. Sell your business with Synergy to achieve results like these.
Lightspeed Networks is an Arizona telecommunications infrastructure contractor generating over $20 million in annual revenue. Synergy approached private equity groups and strategic acquirers, generating multiple offers within weeks. The selected strategic buyer offered approximately 80% cash at closing while allowing the owners to retain 20% equity and participate in the company’s future growth. The transaction closed in under six months at approximately 4.8 times net cash flow, demonstrating Synergy’s ability to create buyer competition and complete a substantial construction and technology transaction quickly.
Sound Resource Solutions operated a substantial chemical manufacturing and distribution business producing over $25 million in annual revenue. Its operations included an approximately 100,000-square-foot facility situated on 20 acres, along with trucking and logistics capabilities. Synergy marketed the company at $30 million and generated multiple offers from qualified acquirers. The competitive process ultimately resulted in a transaction above the asking price. This sale demonstrates Synergy’s capabilities across manufacturing, distribution, industrial real estate, and logistics-intensive businesses.
Maspeth Supply Company was a family-owned water and sewer-main construction company generating approximately $50 million in annual revenue. Synergy obtained a full-price offer from an offshore strategic buyer within one month. When that buyer subsequently failed to obtain financing, Synergy immediately reengaged a highly qualified backup prospect and received an above-asking offer within hours. The transaction required overcoming difficult bonding-transfer and working-capital issues, but the relationships Synergy established among the buyer, seller, and attorneys kept the deal moving through closing. Contact us if you would like to sell your water utility construction company.
A company that has thousands of school districts across dozens of states in the country. The owner had built up a very successful company and wanted to see their programs go out nationwide. They sought our help to find the right buyers. We had a large number of interested buyers. We received 2 Letters of Intent (LOIs) from strategic buyers in the industry and 3 LOIs from private equity groups, and a couple of other LOIs from wealthy individuals. With all of this activity, the buyers increased their initial offer. The winning buyer was an educational business that is owned by a $Billion private equity firm. They were able to pay a high multiple of 7X net income based on the fact that they could leverage the programs the seller had to increase the revenue and profit at a more rapid pace than they were already on. Our bidding process was able to move the deal along quickly. The sales process took about 5 months from start to finish. And the seller was very comfortable with the buyer’s expertise. They had acquired several other educational consulting companies and were able to integrate the new companies successfully. Please contact us if you would like to sell your K-12 educational company in Florida or any other state.
Synergy represented Iron Pony, a Virginia-based commercial concrete finishing, polishing, sealing, and painting contractor serving customers throughout Virginia, Maryland, and Washington, D.C. It generated more than $15 million in annual revenue and employed more than 30 people. Synergy’s outreach to private equity groups and strategic acquirers produced three letters of intent. The resulting competition enabled the company to sell above its asking price. The transaction closed in approximately ten months and provides a strong example of Synergy’s construction-industry expertise. The seller contacted us based on our previous success in selling concrete and contracting companies.
Northeastern Distributors generated more than $40 million in annual revenue. Its assets included an approximately 30,000-square-foot warehouse and a fleet of delivery trailers serving grocery stores, pharmacies, delis, coffee shops, and other beverage businesses. When the company’s financial presentation made conventional acquisition financing difficult, Synergy adjusted the marketing strategy to focus on buyers capable of completing a cash transaction. The eventual buyer was a large multinational company headquartered in Dubai that wanted to expand into the United States. Contact Synergy if you are considering selling a food or beverage distribution business.
Stewards of Recovery operated four addiction-treatment locations in Idaho and employed approximately 100 people. The organization provided residential substance-abuse treatment, partial hospitalization, and intensive outpatient programs. Synergy presented the opportunity to qualified healthcare buyers and investment groups. The company was ultimately acquired by an investment group purchasing multiple businesses in the rehabilitation and addiction-treatment sector. Contact Synergy if you are considering whether to sell your addiction treatment business.
TSAAdvet developed a proprietary document-management solution used by numerous Fortune 1000 companies. Its recurring-revenue model and extraordinary customer retention—losing only one or two clients during a 20-year period—generated five qualified offers. During due diligence, Synergy successfully challenged a quality-of-earnings adjustment regarding deferred-revenue obligations. Detailed contract schedules helped the parties reach an equitable resolution. The company was ultimately acquired with over 90% of the purchase price paid at closing.
ATC Healthcare Services included two healthcare-staffing franchises and a related homecare franchise generating over $15 million in annual revenue. Approximately 90% of its revenue came from state contracts, making customer concentration, contract renewals and financing important parts of the transaction. Synergy secured an accepted offer structured with 75% cash at closing and 25% seller financing. The strategic buyer owned a software company serving the staffing industry. After working through quality-of-earnings review, franchise approval and specialty-lender requirements, the transaction closed in approximately ten months.
Honest Abe Plumbing was a Maryland-based plumbing, chimney-services and HVAC company. The business employed approximately 25 people and attracted immediate strategic interest. Synergy produced multiple offers during the first week of marketing and selected a private-equity-backed HVAC company that was growing through acquisition. The owner remained with the company to assist with the transition before retiring. The transaction closed at approximately 3.4 times net cash flow and took only four months from start to finish.
Sigmund Software was an electronic health records software company generating approximately more than $3 million in annual revenue. Synergy generated competing bids from software companies and private equity groups located in Canada, Europe, California and the Washington, D.C. area and the business was sold for more than 6X cash flow. The successful buyer was a Canadian software company that had financing in place and was prepared to move quickly. Competition among the interested parties enabled the seller to receive the full asking price, and the transaction was completed in a little over six months. Contact Synergy to sell a software company or view its IT and software companies for sale.
Caring R Us provided nurses, home health aides, therapists and other licensed professionals to adult foster care homes, hospitals and medical offices. The company generated approximately $6 million in annual revenue while serving approximately 250 clients. Synergy obtained a full-price offer within one month of beginning the marketing process. The business was ultimately acquired at approximately five times annual net cash flow by a diversified healthcare company with $1.5 billion in revenue that was backed by a private equity firm.
Our client had two offices in Maryland and an office in Pennsylvania. They focused on staffing in accounting, construction, information technology, warehousing, secretarial, and management. They provided temporary to permanent hires as well as direct placement. We received three different offers. The business was sold to a nationwide staffing firm. Both buyer and seller thought it was a good fit because the seller’s clients were mostly national companies and the acquiring firm would be able to grow these accounts with their national presence. The business sold for the full asking price. Contact us to sell your staffing business or view our service businesses for sale.
Carrollwood Windows & Doors was a major regional supplier and installer of windows and doors serving builders and homeowners throughout Florida. The company generated over $20 million in annual revenue. Synergy introduced private equity groups, high-net-worth individuals, and strategic companies from within the industry. The successful buyer was a larger window-and-door company pursuing growth through acquisition and was willing to pay the full asking price. Although the transaction required a longer process, its operating scale and strategic outcome make it an important construction-related credential.
This transaction involved the sale of Media Database Solutions, a SaaS company providing cloud-based royalty-calculation software to broadband and television communications companies. At the time of the sale, the business generated approximately $861,000 in annual revenue and $434,000 in net cash flow. Synergy managed an intensive process that produced more than 15 offers despite customer concentration and concerns surrounding the company’s underlying cable-industry market. A specialized SaaS financial sponsor submitted the successful proposal, and the resulting valuation exceeded the seller’s expectations by approximately 20%. The transaction closed in approximately seven months. Here is the review from the seller: “If you are selling a tech business, I could not recommend Synergy Business Brokers more. From start to finish, Ashish and Cristian took us through a complicated process with several significant bumps in the road, and got us the maximum value for our business, more than I was expecting. I interviewed 5 other companies, and Synergy recommended the highest selling price, but provided a detailed analysis to support it. And their analysis was proven when the buyer bids came in. Through all phases of the sales process, their support and guidance was outstanding!” Irvin
Transubro is a nationwide insurance-subrogation and claims-processing company generating over $5 million in annual revenue. The company was growing by approximately 25% annually and operated in a specialized market with limited competition and significant barriers to entry. Synergy generated five offers from qualified buyers, and the business was ultimately acquired by a private equity group. Its established carrier relationships, strong customer retention and specialized expertise made it an attractive strategic acquisition. Contact us to sell your collections business.
Cougar Express was a New York City-area transportation, logistics and warehousing company generating over $5 million in annual revenue. Synergy introduced multiple qualified buyers and completed the sale in approximately 7.5 months. The successful acquirer was a publicly traded transportation and logistics company pursuing growth through acquisition, providing the seller with a strong strategic outcome and the buyer with an established regional operation. The business sold for more than 4X cash flow. Contact a Transportation Business Broker to sell your Trucking Company.
Parker Performance Trailer manufactured more than 40 models of trailers for industrial, commercial and recreational uses. At the time of the sale, the company generated more than $10 million in annual revenue. Its operations included a 127,000-square-foot manufacturing facility situated on 45 acres, an extensive distributor network and more than 90 employees. The company manufactured trailers for automobiles, landscaping equipment, horses, cargo, motorcycles and livestock. The transaction also involved company debt and substantial real estate, requiring Synergy to identify a buyer capable of handling the complete operating and financial structure.
Safetynet IT provided managed IT support, network monitoring, cybersecurity, cloud integration, structured cabling, and colocation services. Synergy received multiple offers quickly and initially selected the owner of a complementary IT company. When that buyer could not obtain financing, Synergy reengaged another previous bidder rather than allowing the transaction to collapse. The replacement buyer, who also owned a smaller IT company, successfully secured financing and completed the acquisition at approximately 4.4 times cash flow.
Axim Cloud designed, implemented, and managed cloud-computing solutions and operated as an Amazon Web Services reseller and consultant. Synergy generated interest from several technology buyers and helped obtain bank-financing preapproval for the business. The selected buyers had relevant technology experience and also provided the sellers with an opportunity to earn additional consideration following the transaction. The sale closed in approximately six to seven months.
