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Today's Sponsor

Hello SMB Deal Hunters!

📣 In case you missed it: I’m investing in the acquisition of a government-contracted landscaping company and opening it to a few accredited SMB Deal Hunter investors to join me. Learn more about this fully passive opportunity.

Now onto regular business…I’m excited to share 5 new businesses for sale worth checking out in this Market Watch issue. Each was handpicked from hundreds of fresh listings, with our quick take on why it stands out. First up:

🔎 Looking for deals in your area? We can source them for you.

Today’s issue is sponsored by SMB Deal Hunter Pro, our accelerator that helps business buyers find, finance, and acquire a million-dollar cash-flowing business in 6–12 months.

COMMUNITY WINS

Here’s what one SMB Deal Hunter Pro member shared this past week:

🎉 April was a milestone month!

We just crossed $200M in deals closed through the program ($204M, to be precise). That's $204M of businesses our members have bought with our team in their corner.

In April alone, 9 of our members closed and another 23 went under contract.

If you're thinking about what this could look like for you...

NEW DEALS

These deals span the country. For custom-sourced deals in your area, click here.

1/ Fuel Infrastructure Services Company

📍 Location: Texas
💰 Asking Price: $2,500,000
💼 EBITDA: $1,012,000
📊 Revenue: $2,625,000
📅 Established: 20+ years ago

💭 My 2 Cents: When a gas station or fuel terminal needs maintenance, they're not going to risk their operation on an unknown contractor. They call the crew they already trust, the same one that's been handling their infrastructure for two decades. That loyalty is what makes this business sticky: the maintenance work keeps coming in year after year regardless of what's happening in the broader energy market. This company builds and maintains the infrastructure that moves fuel from storage to the pump, covering fuel terminals, gas lines, and water lines across the region. The repeat customer base goes back 20 years, and experienced field crews along with a management team are already running day-to-day operations without the owner in the middle of everything. The maintenance side is the real anchor, because new construction follows capital expenditure cycles but maintenance work flows year-round. I'd want to verify how concentrated the customer base is across the top five accounts, which certifications and licenses are required to operate (and who holds them), and what the crew tenure and turnover look like (field crews in specialized trades are hard to replace). There's also 20 acres of real estate with a 5,000 square foot shop built in 2020 available for purchase or lease, so a buyer has optionality on the property without it being baked into the deal.

2/ Commercial Door Supply and Installation

📍 Location: California
💰 Asking Price: $2,100,000
💼 EBITDA: $640,431
📊 Revenue: $2,622,644
📅 Established: 2007

💭 My 2 Cents: After nearly 20 years supplying and installing commercial doors and hardware, 85% of this company’s revenue comes from returning general contractor relationships, an unusually high retention number for a project-based construction business. The combined supply-and-install model is a big reason why, as general contractors prefer a single vendor who handles both rather than coordinating between a distributor and a separate installer. I like their no-inventory-risk model (materials are ordered per project rather than held on the shelf), which removes the working capital drag that comes with maintaining a standing inventory. But what caught my attention most is the demand picture. The company receives 15 to 25 inbound bid requests per day and currently responds to only about 25% of them. The business also holds Department of Industrial Relations registration, which opens government projects that most competitors aren't eligible for. The question I'd press on is why only a quarter of inbound bids get responses, how concentrated that repeat customer base is across the top GCs, what the average project size and margin look like across commercial versus government work, and whether that government bid eligibility creates a real competitive moat or just additional paperwork. Before underwriting the 75% gap as upside, I'd want to know whether those unanswered bids are being ignored by choice or by capacity.

3/ Construction Engineering Testing Laboratory

📍 Location: California
💰 Asking Price: $2,500,000
💼 EBITDA: $775,000
📊 Revenue: $4,160,000
📅 Established: N/A

💭 My 2 Cents: No contractor in California can pour concrete, set steel, or close out a permit without an independent testing lab signing off on the materials and structural work first. While demand tracks construction activity, the work itself is non-negotiable. This 30-person lab has been operating inside that mandate for over 25 years, building relationships across transportation, healthcare, education, and commercial development in central and northern California. The certification stack is what makes it defensible. Caltrans, AASHTO, and Division of State Architect certifications aren't easy to obtain, and they determine which projects a lab is even eligible to touch. The question I'd want answered before getting conviction is whether revenue comes from repeat contractor accounts or one-off project bids, since that distinction determines how sticky the client base is through an ownership transition. Beyond that, I'd press on report turnaround time relative to competitors (speed is the real differentiator in this niche, not price), whether the Caltrans and DSA certifications transfer cleanly to a new owner or are tied to specific personnel, and how the professional engineering team is structured across the existing locations. The growth angle is straightforward: the same certification portfolio that works in central and northern California would open a significantly larger market in SoCal without rebuilding the brand from scratch.

MEMBER SPOTLIGHT

How many of you feel like your job could disappear tomorrow?

Maybe it's the layoffs that already swept through your team. Maybe it's the AI rollout that nobody wants to talk about. Either way, you can feel it.

Jeremy spent his career at Amazon, Xerox, and Toyota, and grew two companies from under $4 million to nearly $90 million combined. Always for someone else.

He spent months trying to buy a business on his own. A few deals fell apart. He had what he calls "imposter syndrome x1000."

That's when he joined SMB Deal Hunter Pro. With our team behind him, he found a 15-year-old home automation company in Tampa with 984 five-star Google reviews. The next closest competitor has 126.

128 NDAs came in. 18 offers. Four PE firms. Jeremy came in $1.5 million under the highest bid and still won.

Our advisors helped him structure the deal with only 5% down using three separate seller notes.

Then his entire division got laid off on February 2nd. The SBA loan was about to collapse. Our team helped him keep the deal alive, and he closed three weeks later.

Today, he owns the dominant home automation business in Tampa, cash flowing $1.32 million a year.

4/ Precision CNC Machine Shop

📍 Location: Massachusetts
💰 Asking Price: $3,000,000
💼 EBITDA: $746,257
📊 Revenue: $2,324,291
📅 Established: N/A

💭 My 2 Cents: Most machine shops compete on price for commodity parts. This one specializes in intricate, precision components made from titanium and engineering plastics, which puts it in a tier that most fabricators simply cannot reach. For context, CNC machining uses computer-programmed tools to cut and shape metal or plastic parts to exact specifications. This 40-person team also handles stocking, assembly, and component design assistance, which means the shop is embedded in its customers' supply chains rather than just filling one-off orders. That stickiness matters because once a customer qualifies a shop for a specific part, switching to a new vendor means going through a costly and time-consuming requalification process, so repeat orders tend to stay where they are. I'd want to understand the customer concentration across the top five accounts, what the current machine utilization rate looks like (because that tells you how much room there is to grow without buying new equipment), and whether any key machinists or programmers are flight risks in a tight skilled labor market. Adding a night shift to the existing equipment could meaningfully increase throughput without additional capital expenditure.

5/ Corporate Event Production Company

📍 Location: Georgia
💰 Asking Price: $2,200,000
💼 EBITDA: $642,521
📊 Revenue: $2,125,930
📅 Established: 2008

💭 My 2 Cents: This company handles the staging, audio, video, and lighting for corporate meetings and live events nationwide, with enterprise accounts that rebook year after year for multiple events. The labor model is what keeps margins healthy: an operations lead and several dozen vetted contractors handle logistics and execution, so headcount flexes with demand rather than sitting on payroll during slow months. What separates it from a typical event company is a recently awarded GSA Schedule, which is a federal government certification that allows agencies to purchase services without going through a lengthy public bidding process. Most event companies never get access to that channel, and the ones that do have a procurement advantage that takes years to replicate. The piece I'd push back on is the owner's role. Event design and client scoping are currently concentrated in one person, and that's the function that's hardest to hand off in a transition. Before getting comfortable, I'd want to know whether the enterprise accounts are buying the company's execution capability or this specific person's creative judgment, whether the GSA Schedule has actually generated any government revenue yet or just eligibility, and whether the contractor network is exclusive to this company or freelances across competitors. Get comfortable on the owner transition and this is a compelling business.

COMMUNITY PERKS

Ready to buy and operate a $1M+ business? Partner with my team and get expert support at every step.

Want to invest passively in SMB acquisitions? Get access to investment opportunities.

Get a personal introduction to my preferred SBA 7(a) lender, non-SBA lenders, Quality of Earnings providers, or legal counsel

Raising capital for your deal? I’ll connect you with investors from the SMB Deal Hunter Community.

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RECENT PODCAST EPISODE

Adam Vandermyde spent nine years in strategy consulting at Deloitte and PwC. Then, he got recruited to run corporate development at a $150 million marketing agency for a Boston private equity firm. He'd spent his career buying companies for other people's portfolios. He wanted one of his own.

His brother-in-law, a business broker, brought him a 30-year-old fueling infrastructure company in Southern Utah. Adam said no twice.

Then the sellers made an offer he'd never seen. They hired him as CEO, locked the purchase price, and gave him 6 months to run the business before he had to commit.

6 months later, he closed with 50% seller financing and an SBA loan. Flipped the model from construction-first to service-first.

5 years later, EBITDA doubled and he sold to private equity. The acquirer immediately used his platform to roll up the largest competitor in Las Vegas.

When we asked about the hardest part, he said running a $20 million company with his own money on the line was way harder than running a $150 million company for someone else.

And for our audio-only listeners, jump in and listen on Spotify or Apple Podcasts!

THAT’S A WRAP

See you tomorrow!

P.S. I'd love your feedback. Tap the poll below or reply to this email.

Disclaimer

This publication is a newsletter only and the information provided herein is the opinion of our editors and writers only. Any transaction or opportunity of any kind is provided for information only; SMB Deal Hunter does not verify nor confirm information. SMB Deal Hunter is not making any offer to readers to participate in any transaction or opportunity described herein.

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