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.
We contacted a variety of potential buyers and received multiple bids, which allowed us to get the full asking price for this business opportunity. We had bids from software companies and private equity groups that were located in Canada, Europe, California, and the Washington DC area. The full price offer came from a Canadian software company that was motivated to move quickly and had financing in place. The business sold in a little over 6 months from start to finish. Contact us to sell a software company or view our IT & software companies for sale.
This management consulting provided high-level executive coaching and professional development for successful executives. Their services included workshops, one-on-one coaching, leadership seminars, strategic planning, and more. Their clients include thousands of executives in Tech, Media, Finance, and Healthcare. The company’s headquarters are in the Chicago, Illinois area, but the owner relocated to Australia. So, we had Zoom conferences with prospective buyers and the seller. We had a number of interested buyers. However, the only full-price offer came from an individual buyer within the Chicago area who had a background in IT, Healthcare, and finance. He purchased the business with only a 10% down payment, and the balance was funded through bank financing. The deal was completed in less than 5 months from the time the buyer first inquired about the business.
An M&A firm that had the assignment to sell this business wanted our assistance in locating a potential buyer. We utilized our database of over 40,000 potential buyers and experience in marketing technology companies to find many potential buyers which the M&A firm introduced to their client. They were able to close on a deal that worked for our buyer and their seller. Contact a Business Broker with experience selling IT Services Companies.
A company that provides installation, troubleshooting, maintenance, and auditing of fiber optic and cable systems for telecom systems. The firm had just been awarded a massive long-term contract with a giant in the telecom industry. This contract led to a lot of uncertainty as many buyers won’t ascribe much value to future earnings. However, we felt that the business could attract strategic buyers who would benefit from creating economies of scale and, therefore, be willing to pay a much higher multiple. We received robust interest from the start and had multiple offers from both the Private Equity community and strategic buyers within the first couple of weeks. Ultimately, we went with a strategic buyer and many negotiations, and an agreement was reached to obtain consent for assignment from its primary customer, representing nearly 75% of total revenues. The deal was structured as an 80% cash at close and 20% equity rollover, and we got a very healthy 4.8x multiple of Cash flow. The business was sold in less than 6 months from when the owner first contacted us to inquire about selling their company.
Specialized ERP Software Company that provides systems for small and mid-sized manufacturing companies. Their software is used for Order Management, Financial Management, Engineering, CRM, Analysis, and more. The software uses an Oracle Database and uses Oracle forms and reports. They also provide IT consulting to install and customize the program. There were other technology companies interested in acquiring this company however the best offer came from an individual that worked in IT in the corporate world. He was able to get SBA financing and have the bank pay the seller at the closing. Contact us to sell your EHR Software Company.
The company was started 10 years ago, offering services for wireless internet access as well as internet phone services. They provide high-security private networks and high-speed fiber services. One of the buyers that we introduced quickly got along very well with the seller. We negotiated a price that they agreed on and their great relationship continued on as they helped transition the new ownership of the business. The company is based in the Detroit, Michigan area.
A software company that provides software and services to corporations that need to drive professional development initiatives. Reputable customer base, predictable recurring revenue stream, attractive operating margins. The owner contacted us because they were ready to retire. Approaching retirement age next year. We introduced a number of buyers, including other software companies and entrepreneurs. The best offer came from a private equity group.
A company that designs, builds, and deploys Cloud computing Solutions. They are an Amazon Web Services reseller and consultant helping clients implement these solutions. They provide managed services and IT Services Consulting. We had a number of potential buyers, as we do with all of our tech clients. The winning bidder was a group of individuals who had experience in the technology sector. We got the business pre-approved for bank financing, and the deal was closed in about 6 months from start to finish. In addition, the buyers gave the sellers an opportunity to earn more money after the sale.
They provide ISP service, virtual private networks (VPN), cloud computing, voice over IP (VOIP), IT managed services, SaaS, and more. As with all of our tech assignments, we had many different potential buyers, including other tech companies. The best offer came from a private equity group that saw the opportunity to grow the business. The business was sold in less than 6 months from start to finish. Contact us to sell your ISP Business or view our tech companies for sale.
IT Staffing business with long-term contracts with repeat customers. They have hundreds of clients. We were able to bring in a number of potential buyers. We received a full-price offer of about 3X net cash flow from an IT Staffing Company in New Jersey that had offices in Canada, Texas, India, and California. Acquiring this IT Staffing company based in Missouri allowed them to expand into the Midwest with staff and customers in place. They also liked the fact that the company they acquired had long-term relationships with their customers. In addition, the buyer’s company had more recruiting resources to expand on the relationships that the seller had.
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.
This software company provided asset and facilities management software products and services to government and utilities. The seller wanted the stability and steady income of working for a larger company. Sold the business to a Mexican technology company that wanted to buy an established US business to give them a presence in the US. Seller is now heading up their US operations on a salaried basis after cashing in his equity in the company.
A company that has been established for over 40 years providing telecommunications cabling services for broadband and traditional telecom customers. In addition to installation and maintenance, they also provide emergency repair. The owner was interested in retiring. We were able to locate a number of potential buyers and the owner was able to sell the business for a multiple of 4 to 5 X their annual net cash flow. The buyers had worked in the industry and had a third-party investor.
The company provides a robust Delivery Management Platform connecting businesses with a network of over 500,000 drivers. Its technology-driven platform, powers final-mile delivery optimization through web, Android, and Apple applications, enhancing real-time visibility, route optimization, and customer communication. The business was sold to a public tech company listed on Nasdaq with over $20 Million in revenue. They have acquired multiple tech companies to expand their offerings and are continue to look for further acquisitions.
Internet Dry Cleaner business based out of New Jersey servicing customers in NYC and New Jersey. We located a buyer that had an existing Dry Cleaner plant and could leverage these retail customers with his current business. The seller wanted to take some time off from working for the company and was able to do so after completing the sale.
This company has proprietary software used in Banking, Insurance, Healthcare, government, and manufacturing to allow them to transfer files securely. The products improved workflow in Supply Chain Management, ERP, E-Commerce, Electronic Funds Transfer, and Electronic Data Interchange (EDI). With our experience in selling software companies and our extensive database of potential buyers, we were able to quickly introduce many potential buyers for the company, and a deal was negotiated and closed within a few months from the seller’s initial inquiry to us.
They place both full-time and part-time staffing for people with in-demand tech skills. Its customer base spans the US, UK, Germany, Switzerland, and Portugal, with a healthy mix of SMBs and enterprise clients.
Their technology allows their customers to reduce their costs with their suppliers. We were able to locate several potential buyers, and the best offer came from an Asian software company that was in a similar business and wanted to get a foothold in the US Market and NYC was the perfect location for them.
A business that derived the majority of its revenue over the Internet. We located the right buyer that appreciated the internet business but was also willing to operate a retail store with walk-in customers.
