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.
They provide a full range of environmental consulting services to clients nationwide. Their clients range from the wireless telecom industry to municipal government agencies and Fortune 500 customers. Their services included: Environmental site assessments, environmental impact statements, subsurface investigations, pollution prevention inspections and planning, remedial designs and actions, indoor air quality, and sustainability services. The owner contacted us because of our experience in selling environmental services as well as engineering and construction-related companies. We were able to locate multiple interested parties. Terms that were acceptable to both parties were negotiated, and due diligence moved forward quickly. The deal closed in 4 months from the time we started working for our client. They are a certified DBE and HUB business.
A company with an experienced staff of 25 with customers throughout the greater Baltimore, Maryland area. The owner was looking to stay on with a new owner before transitioning into retirement. We received offers within one week of marketing the business. We negotiated the terms and accepted an offer with a strategic buyer that was a larger HVAC company in Maryland that had Private Equity backing and was growing through acquisition. The deal closed for about 3.4X net cash flow and only took 4 months from start to finish.
Two owners were ready to retire after working together for many decades. They didn’t know anything about the process of selling a business and liked the fact that we had prior experience selling Surveyor companies. We were able to introduce two Surveyor companies that were very interested in the business. We were able to sell the business for the full asking price. The sellers will stay on after the sale to help with the training and transition of the company. Contact us to sell your Land Surveying Business.
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.
The seller contacted us based on our previous success in selling concrete and contracting companies. We located several potential buyers and received 3 letters of intent (LOIs). We sold the business for over the asking price to an individual buyer who owned an engineering firm and wanted to expand into other contracting and construction areas. The business services clients in Virginia, Maryland, DC, and more. They have 35 employees with specialties in painting, highly technical wall coverings and paint products, concrete flooring treatment, concrete polishing, solutions for interior or exterior projects, and top-tier installers of high-performance resinous floor systems for commercial projects.
The company is one of the largest electrical contractors in Western New York, with over 70 employees. They have 7 figure projects with prominent builders as well as smaller contracts with residential customers. They have 23 city and town licenses throughout Western NY. The owner is in his 50s and was ready to transition into retirement after building up a great business. We introduced several buyers, and the best offer came from a wealthy individual investor that was partnering with someone that owned another electrical contracting company in New Jersey. During the sales process, they had to furlough 2/3 of their employees due to the COVID-19 lockdown. When upstate NY reopened, their business went back to previous levels, and the buyer was confident in closing the deal. They were able to get bank financing. The seller will stay on for a couple of years to help with a transition. He will be paid a salary with benefits and will also have profit sharing during that time.
They provide installation and service of Heating, Ventilation, and Air Conditioning systems for commercial and residential customers. They also provide energy rating services that allow their customers to use energy more efficiently. In addition to conventional HVAC systems, they offer installation of solar and geothermal systems. The owner of the business was eager to retire and relocate overseas to the country where he grew up. We were able to introduce a buyer to him within a week and close the deal in 3 months. The seller will stay on for a couple of months to help with the transition before he moves overseas. Contact Synergy Business Brokers to sell your HVAC company.
Environmental Services company with a unique approach that allows them to offer both on and off-site solutions. We found a buyer that was a larger company in the same industry based in Ohio that was interested in expanding geographically as well as expanding into services that this company provides. The staff includes licensed, seasoned veterans from the environmental industry with a focus on environmental compliance and professional technicians and CDL drivers. Since they don’t own or operate any landfills, TSDs, recycling centers, or CWTs, they offer independent solutions. Their wastewater consulting services focus on developing onsite treatment programs while the waste management specialists offer an array of options for landfill, landfill-free, treatment, EFW, recycling, and repurpose. Included with the business are vehicles for the safe movement of waste streams to off-site disposal and recycling centers.
They provide lawn care, tree services, masonry, sprinkler systems, and more. The seller wanted to retire and had previously hired another broker that was unable to get them the price that they were looking for. We were able to introduce multiple buyers, including some other large Landscaping companies that were looking to expand. However, the highest offer that was acceptable to the owner came from an individual from Pennsylvania that did not have experience in Landscaping but was interested in moving back to New York and buying a NY based business. We arranged bank financing so the seller only had to provide 10% of the price in the form of seller financing and 90% of the amount was paid at the closing with the bank providing 70% of the price and the buyer 20%. Contact us to sell your Landscaping Business or view our Landscaping Businesses for sale.
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 seller initially contacted us to get some information on selling his garage door business. As he became more comfortable speaking with us, he decided to list his business with us. We were able to get a number of buyers quickly, and he accepted an offer for his business within a week of listing it for more than $200,000 over his asking price. The buyer was a large garage door company that was growing through acquisitions. The deal had several twists and turns, with attorneys not agreeing on terms. However, we were able to resolve the differences and close on the sale within a few months of listing the business.
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.
One of the largest Regional powerhouse suppliers and installers of windows and doors catering to builders and homeowners. We had a number of potential buyers, including private equity groups and high-net-worth individuals. Ultimately the buyer who was willing to pay the full price was another large company in the industry who was making a strategic acquisition to grow their company.
A company that provided roofing, siding, and other exterior construction work. The seller was speaking to a buyer that was taking a long time to consummate a deal. We set up a meeting with a new buyer, and the deal was closed in a record time of a week from the initial introduction of buyer and seller. Contact Synergy Business Brokers to Sell your Roofing Business
A business that provides energy star insulation for both commercial and residential customers saving them money on their Heating and Air Conditioning bills. We were able to locate a buyer that did not need bank financing and was able to pay over 80% of the purchase price at the closing with the seller financing the balance. Both buyer and seller were a pleasure to work with and were appreciative of our work in facilitating the process. Contact us to sell your insulation business.
As a result of our previous experience selling Landscaping businesses, the owner of the company was confident in our ability to represent him in the sale of his business. We were able to introduce multiple buyers and negotiate a sale price and terms that worked for both buyer and seller. The seller will stay on after the sale and be paid a consulting fee with the number of hours worked decreasing over time.
A business that provides Residential and Commercial Concrete pumping for foundations, walls, floors, and more. The owner had the company for many years and was ready to retire. Our marketing led to multiple offers, and we negotiated terms with a buyer that was able to provide the seller with what they were looking for, and the buyer was able to secure bank financing. Contact Synergy Business Brokers to sell your concrete business.
They work with underground cable networks for many major cable companies. Services include setting telephone poles, splicing fiber and coax, performing cable replacement and line extensions, aerial and underground cable construction, joint trench construction in new subdivisions, 24-hour on-call service, and storm damage repair. Their largest customer made up over 80% of their revenue which many buyers didn’t want. We found a buyer that was comfortable with this and move forward with the purchase. The sale included both the business and the real estate. Contact Synergy Business Brokers to sell your Cable Installation and Maintenance Business.
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.
This is an insulation contractor that gets its work through Mass Save, which is a state-sponsored program that helps MA residents make their homes more efficient. We listed this at the end of April and closed it in September, so it took just over 4 months from listing to closing. We had a lot of prospects out of the gate, so picking the buyer was important. We chose 2 buyers with good backgrounds to introduce to the seller. Our buyer submitted a full-price LOI the same day as the meeting, and the seller thought he would be a good fit for the business. He’s an individual buyer who had access to cash and had worked at a hedge fund (he had already left, so this raised his buyer credibility) but didn’t like the finance environment and wanted to roll up his sleeves and work. His financing came from personal real estate holdings, and he tapped a $1M line of credit for the closing payment. This process was quick because no business valuation or SBA process was required. Due diligence was smooth, and we connected the seller with an attorney who was easy to work with. Listed at 3x, and it sold for the full asking price with most of the payment made at the closing and a $500K seller note over three years. The seller will continue to work there for 3 years and get a salary plus 1.5% of top line revenue.
