Sell-Side Advisory

Our Expertise

Insights-Driven, Results-Focused

Thinking about selling your business? We help founders navigate the entire M&A process – from getting prepared to closing with the right buyer at the right terms. Whether you’re exploring a full exit or weighing your options, our job is to deliver clarity, competition, and results.

What We Do

Preparation & Positioning

We help you get buyer-ready: organizing financials, identifying key value drivers, and crafting a compelling story to position your business for maximum interest.

Outreach & Buyer Access

We run a targeted, confidential process to reach the right strategic and financial buyers, creating competition and surfacing serious interest, not tire-kickers or time-wasters.

Diligence & Deal Support

From managing diligence to navigating legal terms, we stay hands-on the entire time to keep momentum and protect your interests through every phase.

Negotiation & Closing

We lead negotiations to secure the best terms possible not just on price, but on structure, protections, post-close alignment, incentives, and risk mitigation.

Who We Serve

Built for Founders by Founders

Revenue

$10–150 million


Industries

Industrial and Specialty Services

EBITDA

$2–15 million


Our process

No Guesswork, Just Process That Wins

Initial Discovery

Understand your goals and clearly define what a great outcome looks like to you.

Financial Deep Dive

Get crystal clear on true earnings, add-backs, deal-ready financials, underlying trends, and risk factors.

Go-to-Market Prep

Build sharp materials that clearly and confidently present your business at its best.

Buyer List & Strategy

Curate and prioritize a custom list of highly qualified, motivated, and well-capitalized buyers.

Outreach & Management

Run a structured process and proactively drive competitive, credible buyer engagement.

IOIs & Negotiation

Receive first-round offers and confidently shape key deal terms to maximize value.

LOI & Due Diligence

Navigate exclusivity, diligence, buyer deep dive, negotiations, and transition strategy with confidence.

Closing

Finalize documents, secure approvals, and close the transaction efficiently.

Every deal is different – speed often comes down to how ready the business and its team are to move through each stage.

Recent Reports

Signal Over Noise

Notable Transactions

Outcomes That Speak for Themselves

*Includes engagements where Meliora’s principals were involved while affiliated with other firms; logos shown for identification only, no endorsement implied.

Have a Question? We’re Here to Help.

Questions? Ideas? We’re all ears.

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Sale to

Axial Medical acquired by Acrotec Holdings

Sellside Advisor

The Acrotec Group acquired Axial Medical in January 2023 to expand its footprint in the U.S. orthopedic and medtech sectors. The acquisition supports Acrotec’s broader strategy to strengthen its presence in life sciences by adding advanced orthopedic implant manufacturing capabilities and enhancing market access in North America, where demand for precision medical components continues to grow.

 

Based in Switzerland, Acrotec is a global leader in high-precision manufacturing for the watchmaking, medical, and electronics industries. With backing from The Carlyle Group, Acrotec has scaled through targeted acquisitions and now operates one of Europe’s leading medtech divisions, focusing on surgical instruments and implants.

 

Axial Medical is a U.S.-based manufacturer of complex orthopedic implants and surgical components, headquartered in Pennsylvania. The company serves major medical device OEMs in the spine, extremity, and trauma markets. Axial is known for technical precision, strong client relationships, and quality-driven manufacturing – making it a valuable addition to Acrotec’s growing life sciences platform.

Sale to

Servicemaster Elite acquired by Mountain Lake Capital

Sellside Advisor

In mid-2023, Mountain Lake Capital acquired ServiceMaster Elite and its affiliate Elite Construction, marking the firm’s entry into the disaster restoration and commercial services industry. Financial terms were undisclosed, but the acquisition aligns with Mountain Lake’s strategy to invest in platform businesses with regional strength and scalable growth potential in fragmented service sectors.

 

Mountain Lake Capital, based in Massachusetts and joined, for this particular deal, by Bain Capital, focuseson executing roll-up strategies in the disasterrestoration industry. The firm partners with management teams to drive operational improvements and long-term value creation through organic growth and strategic add-ons. ServiceMaster Elite offered a strong fit due to its expanding presence and demonstrated ability to scale.

 

ServiceMaster Elite and Elite Construction are based in New England, providing restoration services including water, fire, and smoke damage remediation. The company had already expanded into Vermont, Massachusetts, New Hampshire, Maine, and Florida, known for successfully integrating acquisitions like ServiceMaster Upstate New York.

Sale to

Impactful Fulfillment Services acquired by Ryder System

Sellside Advisor

On October 23, 2023, Ryder System, Inc. announced its acquisition of Impact Fulfillment Services (IFS), with the deal expected to close in early November. IFS is a provider of contract packaging, manufacturing, and warehousing solutions, serving the consumer packaged goods (CPG), retail, and healthcare sectors. The acquisition adds an estimated $250 million in annual revenue to Ryder’s Supply Chain Solutions segment and strengthens its capabilities in co-packing and co-manufacturing.

 

Headquartered in Miami, Florida, Ryder System offers integrated logistics, fleet management, and dedicated transportation services across North America and the U.K. Its acquisition of IFS aligns with Ryder’s strategic goal of expanding high-margin logistics services and serving vertically integrated clients.

 

IFS, based in Burlington, Massachusetts, operates 15 facilities across nine states including Texas, Illinois, and Pennsylvania and employs around 1,000 staff. The company is known for blending and filling dry powder and viscous products and partners with U.S. brands to deliver customized co-packing and co-manufacturing solutions across complex supply chains.

Sale to

Transportation & Logistics M&A Advisors | Meliora Advisory

DHL Supply Chain Acquires Inmar Supply Chain Solutions

Sellside Advisor

In January 2025, DHL Supply Chain, part of Deutsche Post DHL Group, acquired Inmar Supply Chain Solutions, the reverse logistics division of Inmar Intelligence. The deal included 14 return centers and 800 employees across North America, making DHL the region’s largest reverse logistics provider. It expands DHL’s e-commerce returns capabilities with services such as remarketing, recall management, and analytics, while Inmar retained its pharmaceutical reverse-distribution operations.

 

DHL Supply Chain, headquartered in Westerville, Ohio, is a global leader in contract logistics, operating in over 220 countries and territories. The company provides warehousing, transportation, value-added services, and supply chain management across industries including retail, technology, automotive, and life sciences. As part of Deutsche Post DHL Group, it supports the group’s Strategy 2030 priorities in growth and sustainability.

 

Inmar Supply Chain Solutions, based in Winston-Salem, North Carolina, specialized in reverse logistics for retail and e-commerce. Its technology-driven programs diverted 99% of returned goods from landfills, serving top consumer goods, apparel, electronics, and specialty retail brands.

Sale to

Sierra Consulting Group acquired by KeyStone

Sellside Advisor

An affiliate of Keystone Capital Management, L.P. acquired Sierra Consulting Group in April 2022, following an agreement announced April 1. The transaction represents the first add-on acquisition for Keystone’s portfolio company VDA, Inc., a specialist in vertical transportation consulting. By acquiring Sierra, VDA expands its capabilities in mandated inspections, modernization consulting, and building system compliance in the New York metro area – enhancing both service offerings and geographic reach.

 

Chicago-based Keystone Capital is a private equity firm focused on building middle-market businesses in services, industrial, and building sciences sectors. Keystone’s investment in VDA began in December 2021 and is part of a platform strategy centered around targeted bolt-on acquisitions to drive growth and scale. 

 

Founded in 2004, Sierra Consulting Group provides elevator and escalator consulting services. Operating from Long Island and the Bronx, Sierra continues under existing leadership, maintaining autonomy while benefiting from VDA’s national platform and deeper operational resources.

Sale to

Honematic Machine acquired by PCX Aerostructures

Sellside Advisor

On April 1, 2022, PCX Aerosystems acquired Honematic Machine Corporation to vertically integrate precision machining capabilities and expand its aerospace component portfolio. Honematic’s expertise in large-format drilling, boring, milling, and finishing complements PCX’s ability to deliver integrated mechanical assemblies – especially critical shafts and masts for rotorcraft. 

 

Headquartered in Newington, Connecticut, PCX Aerosystems supplies mission-critical components for rotorcraft and fixed-wing platforms. Backed by Greenbriar Equity Group, PCX serves leading aerospace firms including Boeing, GE, Bell, and Sikorsky. The company specializes in complex assemblies using aluminum, titanium, and magnesium, meeting tight aerospace specifications.

 

Honematic Machine Corporation, founded in 1956 and based in Boylston, Massachusetts, was family-owned since 1992. It manufactures extendible refueling probes and large-format machined parts for aerospace, defense, energy, and industrial sectors. The acquisition ensured operational continuity and broadened capabilities under PCX’s platform.

Sale to

Gerard Daniel Worldwide acquired by Graycliff Partners

Sellside Advisor

In August 2020, Graycliff Partners LP acquired Gerard Daniel Worldwide, marking the first investment from its fourth private equity fund. The acquisition aims to drive operational efficiency through technology upgrades, expand product lines with synthetic materials, and support growth via strategic acquisitions. This move deepens Gerard Daniel’s market position in key industries including aerospace, automotive, energy, electronics, and life sciences.

 

Graycliff Partners, based in New York, specializes in lower middle-market investments in manufacturing, distribution, and business services. The firm supports acquisitions, buyouts, and growth through equity and credit. The Gerard Daniel transaction reflects Graycliff’s strategy of building market leaders through modernization and global reach.

 

Founded in 1952 and headquartered in Hanover, Pennsylvania, Gerard Daniel is a global leader in wire mesh manufacturing and distribution. The company operates 11 facilities across the U.S., Canada, and Ireland, serves more than 3,000 customers, and offers over 5,000 wire mesh products for industrial and commercial applications.

Sale to

All at Home Health Care acquired by Webster Equity Partners

Sellside Advisor

In late 2021, Webster Equity Partners acquired All-At-Home Health Care, expanding its New Jersey-based platform, Honor Health Network, into the Massachusetts Medicaid-focused personal home care market. Financial terms were not disclosed, but the acquisition aligns with Webster Equity’s strategy of investing in healthcare businesses that deliver strong clinical outcomes and expanded access to care across underserved communities.

 

Webster Equity Partners is a Massachusetts-based private equity firm specializing in healthcare services. It partners with management teams to accelerate growth, improve operations, and build market-leading organizations through organic initiatives and strategic acquisitions. Its investment approach emphasizes patient-centered care, sustainable impact, and long-term value creation for all stakeholders.

 

All-At-Home Health Care, based in Massachusetts, provides personal home care services including skilled nursing, therapy, and daily living assistance. Now part of Honor Health Network – active in multiple states with over 15,000 employees – the company is known for its compassionate, patient-focused model and seamless integration with broader provider platforms.

Sale to

Medalco Metals acquired by Metal Exchange

Sellside Advisor

In May 2022, Metal Exchange Corporation, a St. Louis-based leader in nonferrous metals trading and manufacturing, acquired Medalco Metals Inc., a New Jersey-based distributor of light gauge aluminum rolled products. The acquisition expands Metal Exchange’s product portfolio and enhances its service capabilities across core end markets. Medalco continues operations as a division under the Metal Exchange umbrella, maintaining its brand identity and longstanding customer relationships.

 

Metal Exchange Corporation, privately held and operating in North America and Europe, specializes in nonferrous metals purchasing, processing, and manufacturing. Its customer base spans automotive, aerospace, HVAC, and building materials industries. The deal aligns with Metal Exchange’s long-term view to grow via acquisitions that complement its core strengths.

 

Founded in 2003, Medalco Metals distributes light gauge aluminum products for the automotive, building, and HVAC sectors. Co-founders Dwight Klepacki and Larry Dansky prioritized cultural alignment and found a shared commitment to excellence and integrity in Metal Exchange, making it an ideal partner for long-term growth.

Sale to

Bates Communication acquired by BTS Group

Sellside Advisor

In January 2021, BTS Group AB, a global strategy execution firm headquartered in Stockholm, acquired Boston-based Bates Communications Inc. to strengthen its U.S. leadership development offerings. Bates, known for C-suite advisory and executive coaching, served clients in financial services, technology, and healthcare. With over $7 million in 2020 revenue and a team of 23, Bates was integrated into BTS USA as BTS Boston. Founder Suzanne Bates committed to continue leading the division for at least three years.

 

BTS Group AB, listed on Nasdaq Stockholm (BTS B), was founded in 1986 and operates in 34 global offices with more than 600 employees. The firm partners with corporations to bridge strategy and execution through people development and behavioral change initiatives.

 

Founded in 2000 by former journalist Suzanne Bates, Bates Communications focuses on executive presence, team performance, and leadership communication strategies. The firm’s client base included Fortune 500 firms such as CVS, Fidelity, and Boeing prior to the acquisition, delivering impact through coaching and strategic advisory services.