Acquisition Briefs

In-depth business-level analysis for active acquirers. Each brief includes reconstructed financials, valuation triangulation, risk scoring, and a 100-day integration plan.

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Deal #100 · Plumbing

$10M Southern California Plumbing Contractor — Strong Cash Flow, Institutional-Grade Infrastructure

Los Angeles County, CA

Conditional

Strong fundamentals with $1.8M EBITDA and institutional-grade operations, but stretched valuation at 6.1x EBITDA and critical licensing/working capital hurdles require experienced buyer with $1.5M+ liquidity.

$10.0M Revenue $2.0M Est. SDE $8.1M–$9.9M Fair Value 2026-10-15
Deal #99 · HVAC

Established Home Services Business – Air Duct, HVAC & Dryer Vent

Naples, FL

Conditional

Strong revenue ($1.74M) with healthy lead flow (45+ daily jobs) in a premium market, but weak SDE margins (13.3% vs. industry 18-25%) and heavy contractor reliance create execution risk.

$1.74M Revenue $388K Est. SDE $776K-$970K Fair Value 2026-10-15
Deal #98 · Pest Control

Thriving Tick and Mosquito Control Business With Elite Retention

Detroit, MI

Recommended

Strong specialty pest control acquisition at 0.68x SDE with recurring revenue model, proprietary methods, and clear growth runway through add-on services and route expansion.

$1,075,083 Revenue $474,777 Est. SDE $1,187,000 - $1,424,000 Fair Value 2026-10-15
Deal #96 · Plumbing & HVAC Services

Florida Plumbing & HVAC Business with Real Estate

Port Saint Lucie, FL

Pass

Despite strong operational fundamentals, the $7M asking price creates negative cash flow under SBA financing. Real estate represents 42% of purchase price, limiting debt service coverage. Requires $2M+ equity or aggressive seller financing.

$3,010,000 Revenue $692,000 Est. SDE $2.4M-$3.0M (business); $5.3M-$5.9M (with RE) Fair Value 2026-10-01
Deal #95 · HVAC

National-Account HVAC & Kitchen Systems Contractor

Stark County, OH

Pass

Despite strong client roster and defensible niche, the business fails to generate sufficient cash flow to service SBA debt ($511K annual payment vs. $342K EBITDA). Price requires 33% reduction to $2.35M for financial feasibility.

$2,220,000 Revenue $492,000 Est. SDE $1,540,000–$1,710,000 Fair Value 2026-10-01
Deal #97 · Restaurant

Prime Koreatown Restaurant on 32nd St NYC

New York, NY

Pass

Despite Michelin recognition and $8.5M revenue, the 3.3x SDE multiple ($2.8M ask vs. $850K reported SDE) defies restaurant economics. Declining revenue ($10M→$8.5M), 9.1% rent-to-revenue ratio ($780K/yr lease), and NYC's 3-5% margin environment create unsustainable debt service burden under SBA financing.

$8,500,000 Revenue $2,135,000 Est. SDE $1,275,000-$1,700,000 Fair Value 2026-10-01
Deal #94 · Pest Control

Established Outdoor Insect Control Enterprise With Strong Margins

Boise, ID

Conditional

Attractive recurring revenue model and strong margins offset by significant disclosure gaps. Business shows 26% reported SDE margin vs. reconstructed 46% — requires immediate P&L verification. Fair value $435K-$535K range, asking $300K represents 31-44% discount. Proceed with aggressive due diligence on financials, customer retention, and proprietary formula transferability.

$943,158 Revenue $431,242 Est. SDE $435K-$535K Fair Value 2026-09-28
Deal #93 · Commercial Cleaning

Columbia, PA Facility Services Business – $3.05M Revenue, Recurring Commercial Contracts

Columbia, PA

Conditional

Strong recurring revenue model with decent margins, but elevated valuation (6.3x reconstructed SDE), high customer concentration risk, and minimal post-debt cash flow require aggressive due diligence and price renegotiation.

$3,050,000 Revenue $851,500 Est. SDE $2.98M–$3.83M Fair Value 2026-09-24
Deal #91 · Electrical Contracting - Renewable Energy

Established Renewable Energy Contractor - Baltimore County, MD

Baltimore County, MD

Conditional

Strong renewable energy platform with proven financials and recurring revenue, but asking price at 5.5x SDE demands structural solutions. Recommend 80% ask with seller participation.

$5.6M Revenue $1.19M Est. SDE $5.35M-$5.95M Fair Value 2026-09-24