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Why People Choose Us

Built Around You

Meliora Advisory was founded on a simple belief: founders deserve a partner who treats the sale of their business with the same care and commitment they put into building it. Our team provides M&A advisory and strategic guidance to lower middle market businesses that fall within the broader industrial and specialty services economy. We specialize in representing companies where people, processes, and reputation drive enterprise value. Many of our clients are first-time sellers seeking the right capital partner without losing the spirit of their business. We prepare your company carefully, tailor every stage of the process to your priorities, and use our deep intelligence on buyer appetite to create the competition that drives outcomes.

Always-On Access

Senior partners are hands-on from day one, with 24/7 availability across the entire team, not just during 'office hours.'

Excellence in Every Detail

From marketing materials to buyer outreach, we always aim for perfection because small things drive big outcomes.

Plain-English Advice

We replace jargon with clarity. Our custom guides, cheat sheets, and one-pagers make even complex processes easy to follow.

Process, Perfected

Our proven playbooks are sharp yet highly flexible. We tailor every step to fit the company, not the other way around.

Outcomes That Matter

Everything we do - positioning, outreach, process design - is built to drive real competition and maximize value.

Built for Founders

We don’t just close deals - we create experiences clients actually enjoy. That’s why they keep coming back.

Deep Sector Focus

We specialize in Industrials and Specialty Services and only take three clients at a time, so every deal gets full attention.

Trust is everything

When a founder hires us, they’re handing over years of hard work, and we treat that like the responsibility of a lifetime.

Notable Transactions

Outcomes That Speak for Themselves

Sale to

Axial Medical acquired by Acrotec Holdings

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Servicemaster Elite acquired by Mountain Lake Capital

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Acquisition of

Transportation & Logistics M&A Advisors | Meliora Advisory

DHL Acquires Inmar Supply Chain Solutions

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Acquisition of

Ascent Global Logistics acquired by H.I.G. Capital

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Sierra Consulting Group acquired by KeyStone

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Honematic Machine acquired by PCX Aerostructures

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Acquisition of

Whiplash acquired by Ryder System

Buyside Advisor

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All at Home Health Care acquired by Webster Equity Partners

Sellside Advisor

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Impactful Fulfillment Services acquired by Ryder System

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Gerard Daniel Worldwide acquired by Graycliff Partners

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

All Transactions

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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

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.

Acquisition of

Ascent Global Logistics acquired by H.I.G. Capital

Buyside Advisor

In August 2023, an affiliate of H.I.G. Capital completed its acquisition of Ascent Global Logistics, following a definitive agreement announced on August 22. The deal expands H.I.G.’s presence in expedited transportation and supply chain services by adding Ascent’s advanced capabilities in time-critical freight, including ground and air logistics, and its proprietary PEAK freight marketplace. This acquisition fits H.I.G.’s strategy of investing in asset-light, tech-enabled service providers in essential logistics sectors.

 

H.I.G. Capital is a Miami-based global private equity firm with approximately $58 billion in assets under management at the time. Founded in 1993, H.I.G. focuses on middle-market investments and takes a hands-on, operationally driven approach. It has invested in over 400 companies across logistics, healthcare, infrastructure, and other sectors worldwide.

 

Ascent, headquartered in Michigan, is a leading provider of freight forwarding, truck brokerage, and managed transportation services. Serving clients in aerospace, healthcare, manufacturing, and technology sectors, Ascent provides time-critical shipments through air charter, expedited ground, and courier solutions.

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.

Acquisition of

Whiplash acquired by Ryder System

Buyside Advisor

Ryder System, Inc. completed the acquisition of Whiplash for $480 million in cash on January 1, 2022. The deal added approximately $480 million in gross revenue to Ryder’s Supply Chain Solutions segment and significantly expanded its presence in the e-commerce and omnichannel fulfillment space. This move supported Ryder’s strategy to accelerate growth in logistics verticals, particularly in technology-driven fulfillment services.

 

Ryder, headquartered in Miami, Florida, is a leading provider of dedicated transportation, fleet management, and supply chain solutions, with a focus on North America and the U.K. The Whiplash acquisition reflects Ryder’s continued investment in scalable, tech-enabled operations that support end-to-end fulfillment.

 

Whiplash, headquartered in City of Industry, California, provides omnichannel fulfillment services to over 250 brands. With a national network of 19 warehouses totaling nearly seven million square feet, Whiplash delivers distribution, customer care, value-added warehousing, and transportation services. Acquisition boosts Ryder’s digital commerce capabilities and enhances customer flexibility and speed to market.

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

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

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.