Businesses That We Have Sold

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.

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Niche Manufacturing Business in New Haven County, CT
Record Products of America

We did a comprehensive, confidential marketing program which resulted in a large number of potential buyers that signed Non-Disclosure Agreements for more information. We narrowed down the list of potential buyers to those that were the most qualified and interested. Our contacts with SBA Lenders allowed the buyer to finance the deal with a minimal down payment, and the seller received over 85% of the sale price at closing. The seller agreed to a paid consulting contract of 12 months with minimal weekly hours, allowing for a transition into retirement. Contact us to sell a manufacturing company or view our manufacturing businesses for sale.

Cosmetics Manufacturing Lab in Passaic County, New Jersey
Contemporary Cosmetics Group

30-year-old cosmetic lab with a full line of products for the beauty industry. They also did contract manufacturing for other cosmetic companies. We located an out of state, synergistic buyer that saw the value in the business for sale and wanted to add this to their existing operations. We were able to get a signed contract within 3 1/2 months from when we started working with our client. Contact us to sell your cosmetics business quickly.

Technology Company in the Security Industry on Long Island, NY
Alarmpath/CRN Wireless

A company that manufacturers wireless security devices which they sold to home alarm and security companies. The seller did not want to sell their company to a direct competitor or customers and was concerned about confidentiality. They had previously tried to sell the company with another Business Broker that was unsuccessful and charges an upfront fee. They liked our fee structure and experience. As with every listing we had potential buyers sign confidentiality agreements and contacted buyers that were in the industry, but not direct competitors, and also companies in related industries that could leverage the technology and customer base. We did receive multiple offers on the business for sale, and ultimately, the best buyer that was able to move forward in a timely fashion came from someone outside the industry. Contact Synergy Business Brokers to sell your alarm system business.

Chemical Manufacturing & Distribution Company in Texas

Large Chemical manufacturing, distribution, and repackaging company with a 100,000 sq. ft. work area on 20 acres for blending their products and other products. Also included in the sale is a trucking and logistics company that provides better control of its products and provide third-party transportation. They provide blending for Oil Field Services, Paint & Coatings, Wastewater treatment companies, and more. We received a number of offers and were able to leverage this so that the seller received more than the asking price for the business. The seller will stay on after the sale to ensure a smooth transition. 

Pool Cue Manufacturing Company in Mississippi
Meucci Cues

As with most of our manufacturing deals, we had a number of interested buyers, with over 10 making an offer for the business. Most of the offers were for around 4X cash flow, but the winning bidder was for over 5X cash flow. This was a motivated individual buyer who had financing in place so that they could pay most of the sale price at the closing with the balance paid within one year.

Plastic Manufacturing & Fabrication Business
Plastic Works

Provided custom and off the shelf products to distributors and directly to consumers. The business had been previously listed with multiple business brokers. We were able to find the right buyer for this niche manufacturer and close the deal. Contact a Business Broker to sell your plastic manufacturing business.

Steel Fabrication Business in Maryland

AISC certified shop utilizing skilled fabricators, welders, and estimators delivering high-quality products including stairs, railings, connection parts, and more. They have a large 48,000 sq. ft. facility. Established over 30 years. Located in the Washington, DC area of Maryland. The business had multiple offers and was sold for the full asking price. The business was purchased by an entrepreneur that had previously purchased another business from us last year and is looking to build his portfolio with future purchases from us. The sellers were comfortable that the buyer would take care of their employees and customers going forward.  Contact Synergy Business Brokers to sell your metal fabrication business

Manufacturer of Packaging Machines in Union County, NJ
MacTec Packaging Technologies

The company supplies niche machines used for packaging in pharmaceuticals, chemical testing, food, health and beauty, and R&D clinical applications.  The seller wanted to list the business for a lower price than what we thought we could get for the business. We recommended a higher asking price and ended up selling the business for above the asking price based on the fact that we had over half a dozen offers for the business.  The seller had tax returns based on a cash basis and profit and loss statements based on an accrual basis. The financial information as presented made it harder for banks to loan on the business. We were able to select a private equity firm that understood this and didn’t need external financing. The business was sold in 7 months from start to finish. The seller was thrilled to get a higher price and recommended us to a friend who owns a similar business and is looking to retire. Contact Synergy Business Brokers to sell your Packaging Business.

Dog Food Manufacturing Company in Indiana
Allbrights Raw Dog Food

Our client was a growing raw dog food business based in the greater Chicago area of Indiana. Based on our experience in selling businesses in the pet supply industry, the owner hired us to find the best buyers for him.  We presented the seller with several options. The best offer came from a private equity firm that owned another business in the pet food industry. They bought the business for over the asking price, which was more than 5X the owner’s net cash flow. The business was sold in 8 months from the time the seller hired us.

Manufacturing & Distribution Specialty Food Business located North of Albany, NY
Futia’s Famous

The Business supplied their specialty food products primarily to Supermarkets.  We had many interested buyers and the buyer that won out, had relationships with other supermarkets that the seller didn’t have and vice versa, so the opportunity to cross-sell into each other’s customer base was very synergistic.  The buyer was very interested in the contacts that came from the business, and the buyer was looking to move from their high rent district in the Rochester, NY Area. They were able to get a favorable deal with the landlord for additional space in the Albany area at almost half the square foot rate they were paying in Rochester. Since the buyer was experienced in the industry, he only required the seller to stay on board for a two-week transition period, which is precisely what the owner wanted because he was ready to retire. Contact Synergy Business Brokers to sell your Food Manufacturing Business.

Environmentally Friendly Oil Recycling Business in Southern New Hampshire
EcoOil Recycling

This business is a favorite of the EPA as they recover oil from restaurants and then process and resell it for multiple uses. In addition, they clean the internal grease traps, which is a value add and leads to the profitable oil recovery business. During the COVID-19 recession, we were able to introduce the buyer within 1 week and close the deal in less than 4 months from our first conversation with the seller. The business is located in Rockingham County, NH and serves approximately 600 restaurant customers in MA, NH, and ME. All customers are serviced monthly, creating a predictable, recurring revenue stream. Contact Synergy Business Brokers to sell your eco-friendly business.

Manufacturer & Distributor of Architectural Glass & Aluminum located in Connecticut
Architectural Glass Industries

A company that fabricates and sells custom glass and aluminum to contractors and construction companies that install their products for residential and commercial customers. Their products are used in kitchen and baths, storefronts, railings, countertops, flooring, and interior and exterior construction. We marketed the company to potential buyers within the construction industry and outside the industry. The best offer came from a buyer in his 30s who had managed a wealthy family office investment fund. He had accumulated significant funds himself and decided it was time to open up his own investment firm, and this was his first investment. He purchased the business and real estate with his own funds and did not need any outside financing, which leads to an easier closing. The Real Estate had a 12,000 sq. ft. facility. Contact Synergy Business Brokers to sell your Glass Fabrication & Services Business.

Machine Shop & Defense Contractor
Four K Machine Shop

The company prototypes and fabricates metal parts for military and commercial applications. They utilize CAD software applications for custom metal machining. A few long term government customers make up the majority of their revenue.  The buyer was a Turkish company that imported and exported military equipment. Turkey is a NATO ally, and the Turkish company acquired this company in the NY area to establish a presence in the US. Contact Synergy Business Brokers to sell your Machine Shop.

CNC Machine Shop manufacturing metal components

The seller contacted us several years ago and decided to go with another M&A firm that charged him an upfront fee of $50,000. After the seller got no offers for a year with that firm he contacted us again. We were able to get the seller several offers, including a couple from private equity groups. We negotiated the best offer, and unfortunately, during due diligence, the revenue and profits declined, so the buyer bailed out of the deal. We had some backup buyers and were able to negotiate a favorable deal with one of them. We introduced the buyer to our bank financing contacts, who were able to secure financing and close a deal with nearly 90% of the money paid at the closing and the remaining amount to be paid after the seller completes a transition period.

Powder Coating & Metal Finishing Business

They provide powder coating to automotive, industrial, retail, and architectural industries. They have a number of metal manufacturers as customers.  We prequalified the business for SBA financing which made for an easier process for the buyers to obtain financing. The buyers were a husband and wife team that both had corporate jobs and wanted to own their own company. We sold the business in 6 months.

Marine Equipment Manufacturer
JohnRie Intertech, LLC
The business focused on marine deck equipment engineering, servicing, and manufacturing, including tugboat winches. The owner started the business over 20 years ago and was well-known in the industry. The major mechanical components were made in Korea and assembled in the US; the business had 4 employees, including the owner, who was the main engineer and only sales rep., so he traveled constantly around the world.   Early in the engagement, It was evident that this business required specialized skills, and our best chance of selling would be a strategic buyer. We worked with our client to get a list of competitors and started calling the highest level we could reach at the companies. Within the first two months, we had an LOI from a large marine deck manufacturer in Houston. However, it became apparent as the deal progressed that the seller’s culture would not mesh with the buyer’s culture. So, the deal was called off. We found another buyer in the industry that was recently sold to a Private Equity firm. We initially refused their first offer; they came back a month later with the final offer, which was accepted. The deal had some sticky points, specifically with working capital (earned AR vs. new orders deposits) and how to transfer government contracts due to the CAGE codes, which may or may not be transferred to a new legal entity (long-term Navy contracts), so it ended up being a stock sale.  We were able to overcome the issues and close the deal.
Internet Machine Shop Contract Manufacturer
Micro Logic Corp

A company that manufactures printed circuit boards (PCBs) and parts for cars, robots, jewelry, watercraft, sporting equipment, and more. The customer can provide their specifications over the internet, and the company can quickly turn around custom-made parts and components in metal or plastic. We found a strategic buyer who was also in a similar business and felt that they could cross-sell each other’s customer base. They were willing to pay a higher multiple to acquire the company.

Chemical Cleaning Solutions Company
American Solutions

A company that provides chemicals to the printing industry, including liquids, powders, diluters, and cleaning brushes used to clean printers. They have environmentally friendly products. We were able to find a buyer that had a background in the industry and introduced them to a banker who arranged SBA financing so the seller did not have to provide financing.

CNC Machine Shop Business in Rochester, NY
Ultra Tool & Manufacturing

A company that manufacturers components for industries such as Technology, Optics, Healthcare, photonics, aerospace, and automation. The owner was ready to retire after 30 years in the business. They have a 22,000 sq. ft. facility.  They do prototyping, production runs, mechanical subassembly, tuning, and more.  We sold the business to an individual buyer with financing in place and experience working for a large metal fabricator in the area.

Electronic Components Manufacturer for the Healthcare Industry
Ram Technologies

This Company designs and manufactures highly specialized electronic components used by numerous manufacturers for the healthcare industry as well as other specialized uses. One of their niches is manufacturing power supply components, cables, and accessories for medical equipment – specifically echocardiograms. They are an ISO 9001 certified facility and a Tier One supplier to several major manufacturers that use these components exclusively to manufacture and assemble their finished products. We spoke to some companies in the industry that made offers, but the best offer came from an individual that we had a prior relationship with that was looking for this type of company.

Trailer Manufacturing and Distribution Business in Texas

They manufacture trailers for industrial, commercial, and recreational uses with over 40 models. They have a large 127,000 Sq. Ft. Manufacturing Facility with a 45-acre property. They have built up a large distributor network and also distribute other brands. They have over 90 employees. They supply trailers for automobiles, landscaping equipment, horses, cargo, motorcycles, livestock, and more. The business was very profitable but also came with some debt so took some time to find the right buyer.

Distributor of Industrial Automation Products
VS Systematics

They distributed products nationwide and internationally. In addition, they performed machine shop work for repairs and customization of parts. They distributed thousands of products for hundreds of manufacturers, including Siemens, Allen Bradley, Mitsubishi, Thompson, Warner, and many more.  Some of the customers include chemical, cosmetic, pharmaceutical, and manufacturing companies. The owner was ready to retire and wanted us to find a buyer familiar with the industry. We had a lot of interest and arranged SBA financing so that the buyer only needed to put down 9% of the purchase price. Contact us to sell your industrial automation company.

CNC Machine Shop for Aluminum & Steel Parts
Time Manufacturing, Inc.

This company is family-owned and a very profitable niche specialty manufacturer for High Precision, Close Tolerance Parts. The company specializes in CNC milling and turning and operates under ISO 9000 standards. The Facility operates out of a rented space of 6,000 sqft. We were able to find a buyer that worked in the corporate world and had experience in CNC machining. He was able to get bank financing and close on the deal. Their products are used in Aerospace, Semi-Conductors, Metrology, and Industrial Companies.

Package Manufacturing Company in the Allentown, PA Area
JD Packaging

A well-established Contract Packaging Company, providing turn-key packaging solutions focused on flexible liquid pouches for the cosmetic and personal care industry consumer products, is available for acquisition. The seller wanted to retire and contacted us in May. We introduced the first potential buyer in June. In July, we introduced the buyer that purchased the business. He worked at a large manufacturing company and was able to get bank financing and close on the deal in October. All told, it was 5 months from the first contact until closing. The business has been established for more than 10 years and has developed an excellent reputation, and has yearly repeat customers who are small, medium, and large private label companies that supply products to nationally known channels.

Coffee Distribution and Roasting Company in Warren County, NJ
Classic Gourmet Coffee, Inc.

The sellers owned this business for over 30 years when they came to us to sell their company. The challenge was they didn’t have detailed Profit and Loss information which can be a challenge. However, we reached out to other companies in the coffee industry and we were able to get a large coffee company that was growing through acquisition. We negotiated terms that worked for both parties.

Electronic Components Manufacturer for the fitness industry
ESI Electronic Products Corp.

They provide comprehensive, advanced electronic design and manufacturing services. They manufacture printed circuit boards (PCB) and other electronic design and control assemblies for their customer’s needs, including product development. They service customers in industries that include: telecommunications, industrial controls, exercise equipment, industrial testing, and consumer equipment. The owner had a 15,000 sq. ft. building that he will lease to the new owner. The buyer had an engineering and manufacturing background and had funding from Hong Kong sources. The deal was completed in less than 5 months from our marketing program. Contact Synergy Business Brokers to sell your component and parts manufacturing and distribution business. 

Lamp Shade Manufacturing & Distribution Company in Middlesex County, NJ
New Brunswick Lamp Shade Corporation

The business had been in the family for three generations and over 75 years. All products are manufactured in the US and were sold B2B. Customers are retail stores, distributors, hospitality companies, and interior artisans. The owner was ready to retire and wanted us to find the right buyer for his business. We located several potential buyers and sold the business within 7 months of starting our marketing campaign. The buyer was another manufacturing company whose owner wanted to diversify its products and expand through acquisition. Contact us to sell your lighting products and services business.

Closet & Storage Design, Manufacturing and Installation Business

The seller was ready for a change after working in the business for many years. They engaged us to sell their business. We located several potentially interested buyers. The best offer came from an overseas buyer in Europe that wanted to live in the United States with the purchase of a business under the E-2 Visa program.  We negotiated terms that worked for both parties, and the buyer was able to realize their dream of living in the US, and the seller will help them with a transition. Contact us to sell your closet and storage business.

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