Sold products nationwide and built up an extensive email list that they used to develop long-term repeat customers. We located a buyer and arranged the financing so that the seller was able to get paid the full price at closing without the need to provide any seller financing. Contact Synergy Business Brokers to sell your e-commerce business.
(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.
(Life Systems Software) The owner of this successful software company was ready to retire. We located many potential buyers, and the best offer came from an experienced software executive. We negotiated the terms and kept the deal on track through due diligence to close the deal.
(Triax Computer Services) Company specializing in providing computer solutions including hardware, software, and services to the Education market as well as other industries. The seller wanted to concentrate on running another business, and we sold the company to another IT professional that wanted an additional revenue base and clients to cross-sell with his current offerings. Contact Synergy Business Brokers to sell your VAR business.
(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.
(Iberel, Inc.) This company provides services to multinational corporations that want to reduce their supply chain costs with procurement solutions. They also provide efficient importing solutions and have relationships with suppliers and industry-specific knowledge within technology, electronics, medical, aerospace, and more. They were able to reduce purchasing costs for their clients. The owner had purchased the business 30 years ago and was ready to retire. We found a buyer that had come out of the corporate world and purchased multiple businesses. He agreed to pay full price for the business and we closed on the sale in less than 6 months from start to finish.
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 that 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.
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.
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.
(4M Connect) The company has a reputation with contractors, IT Managers, Architects, and more. The owner was interested in selling the business for a high multiple of earnings. It took some time, but we were able to sell the company for the full price. And since we got the company prequalified for SBA financing with a banker that we introduced the buyer to, the seller did not need to provide any financing.
(Medullus) The business provides specialized IT Services for a variety of different applications, including 1. Cash Management applications to improve the use of cash for corporate customers. 2. IT Services to improve the workflow of Buying Groups and Co-Ops. 3. Business Process Re-Engineering (BPR). 4. Testing Automation. 5. Digital Process Automation. The owner was ready to retire. As with all of our IT assignments, there were plenty of interested buyers. It took some time to narrow the potential buyers down and work with the ones that were most interested and qualified.
They provided a number of digital services including digital reproduction, digital backup, video transfer, networking services, and more. The owner purchased the business a few years ago and wanted to relocate out of the country. We were able to get several offers and the business sold for close to the full price with the seller providing some financing to the buyer.
(ASE Group) has been providing high-tech security solutions for over 20 years. They provide security systems serving the residential, commercial, and financial markets. Their security services are used from access to video surveillance. And they provide standard and highly sophisticated custom installations.
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