Businesses That We Have Sold

The majority owner of the business was in his 60’s and was ready to transition into retirement, and the minority partner was 50. They decided that the best option would be to sell the business and have the minority owner work for the new acquiring company. We introduced several potential buyers and received multiple offers on the business.  The best offer was from a large construction company with multiple 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. Please let us know if you would like to sell your engineering firm or view our engineering companies for sale.

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.

Philadelphia based importer of bath and storage products from Hong Kong and mainland China and distributed the products to big-box national retailers. They developed a reputation with their customers for high-quality service and quality control. The company’s business was adversely affected by the China tariffs, so it took some time to find the right buyer who was OK with this. The buyer saw a good opportunity to grow the business based on the company’s reputation and customers. Contact us to sell your import business or view our distribution companies for sale.

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 that provides service workers for the hospitality industry, including hotels and casinos. The owner had previously tried to sell the business unsuccessfully. After this, he took the business off the market for a while. He hired us to sell the business. We quickly introduced a buyer that was in the same industry and the business was sold within 3 months from start to finish. The owner of the business will stay on as a director with the new company that acquired his 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.

Family owned business for over 50 years, being sold by the 2nd generation owner.  The business designs, develops, installs, and services water treatment systems to all kinds of organizations in MA.  We had several potential qualified buyers who made offers on the business opportunity, so the seller was in a position to determine which buyer was the right one to carry the business forward.  After some due diligence by both buyer and seller, both sides were confident that they had the right fit.  The seller has a one-year employment agreement to ensure that the transition to the new owner will go smoothly. Contact Business Brokers with experience selling water treatment companies.

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.

Large Facility with approximately 100 employees across four locations in Idaho. They provide residential substance abuse treatment programs, partial hospitalization treatment, and an intensive outpatient program. We had many potential buyers for this business. The buyer that purchased it was an investment group that was acquiring multiple companies in the rehab and addiction treatment sector. Please contact us if you would like to sell your addiction treatment business.

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.

This trucking business is located in the Charlotte area of North Carolina. They specialize in delivering chilled and frozen food products throughout the eastern half of the U.S. They also provide seasonal flatbed carrier services and a transportation brokerage business. They have a fleet of refrigerated trucks as well as the latest technology to allow them to provide the best logistics, fuel management, telematics, and more.  We received multiple offers and were able to sell the business for the full asking price. Please contact us if you would like to sell a transportation business in North Carolina or anywhere else in the US.

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.

Business with both RNs and nonmedical home health aids. The owner was ready to retire and contact us because of our experience selling home care companies. We were able to gather a large number of potential buyers and obtain 3 different offers, including a full price offer that was negotiated.  The deal was closed in less than 6 months from start to finish.

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.

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.

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.

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. 

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.

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.

A business that provides flooring installation, design, and performance. An excellent relationship with top commercial vendors enables them to service all segments of the commercial market competitively. The company is part of a large buying group that enables it to provide high-margin, privately labeled products to customers. It has grown from being a primarily residential dealer to include a commercial business with a large contractor base.  For this listing, we immediately received a flurry of interest. Within three days, we received our first Letter of Intent and then another one. The seller decided to go with the second person, even though the offer was somewhat lower they were more comfortable with that buyer. The business sold in less than 4 months from start to finish.

A business that provides Home Health Care Aids to hundreds of elderly clients. We were able to introduce multiple buyers to the seller and obtained several bids. We negotiated the best terms and assisted the buyer in securing financing for 90% of the purchase price with the seller providing funding for 10% of the price. The buyer has a Nursing Aid business and wanted to expand his services to provide home health aides. Contact a Business Broker with experience selling multiple home healthcare businesses.

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 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.