Synergy Business Brokers Review

Selling a business is probably the largest financial transaction most owners will ever make. Get it wrong and you could leave hundreds of thousands of dollars on the table, or worse, end up in a deal that falls apart at closing.

Synergy Business Brokers, headquartered in New Rochelle, New York, has been doing this work since 2002, and over more than two decades has built up a track record that's hard to ignore for mid-market sellers on the East Coast and beyond.

Synergy Business Brokers is a mergers and acquisitions firm that focuses exclusively on privately held companies. It is not a franchise.

The firm was built by Blake Taylor, who serves as Founder and Managing Director, and has grown to include brokers operating across New York, New Jersey, Connecticut, Massachusetts, Pennsylvania, Texas, Florida, California, Illinois, Hawaii, Louisiana, and several international markets.

Their sweet spot is companies with annual revenues between $700,000 and $250 million and owner net income (salary plus profit plus benefits) of $250,000 to $30 million.

 If your business is a small retail shop doing $200K a year, this is probably not your firm. If you run a $4M construction company and are thinking about retirement, you are exactly who they're built for.

Synergy does not try to be everything to everyone. Their broker team concentrates in specific industries, which matters because a broker who understands your space will know which buyers to call first.

Industries served:

A seller who ran a trucking company reviewed the experience and said the team "brought a vast list of potential Buyers" and generated "many LOIs presented in short order."

That kind of speed comes from industry-specific buyer databases, not generic listing platforms.

Understanding Synergy requires understanding the market they came up in. The Northeast, particularly the New York metro area, is one of the most active regions for business acquisitions in the United States.

Private equity deal flow in New York, New Jersey, and Connecticut has remained elevated. Construction and healthcare sectors, two of Synergy's core verticals, saw strong M&A activity through 2023 and into 2024 as consolidation continued in both industries.

For sellers in this geography, a broker with regional buyer relationships is not optional. It's the difference between a deal that closes and one that drags on for two years.

Synergy's database as of 2024 includes over 40,000 active potential buyers. That number includes private equity groups, strategic acquirers, and affluent individual buyers, which is a meaningful pipeline for sellers in the $1M to $15M deal range.

The firm's process follows a structured path, though they customize the approach based on the business:

1. Confidential consultation — No fee, no commitment. They learn about the business and give you a recommended asking price.
2. Valuation and positioning — They prepare a teaser document and a more detailed information memorandum, without disclosing your identity to the market.
3. Buyer outreach — They market across hundreds of platforms including BizBuySell, BizQuest, the Wall Street Journal, the New York Times, LinkedIn, and their direct buyer database.
4. LOI and negotiation — Multiple qualified offers are generated when possible, giving the seller leverage.
5. Due diligence and closing — The team stays involved through the finish line.

One seller described receiving five vetted offers within 72 hours of listing. That is not typical for every deal, but it illustrates what a well-prepared marketing launch can do when the buyer database is deep.

Synergy charges no upfront fees and no retainer. Their commission is collected only at closing.

The firm does not publicly list its exact commission percentage. Industry-standard business broker fees run from 5% to 15% of the sale price, with the average landing around 10% for deals under $5 million.

On larger transactions, most firms (Synergy included) typically move toward a sliding scale or modified Lehman formula, where the percentage decreases as the deal size increases.

The no-upfront-fee model is meaningful. It means the brokers have financial incentive to actually close deals, not just sign listings.

One legitimate criticism of high-volume brokerages, noted by the review site toprankedbusinessbrokers.com, is that firms handling hundreds of transactions annually may not give every seller the same level of personalized attention. It's a fair point to raise before signing any exclusive listing agreement.

The testimonial record for Synergy is unusually consistent for a firm of this size. Several themes come up repeatedly across Google reviews and the firm's own testimonials page:

• Responsiveness. Multiple clients specifically mention that their broker returned calls and stayed reachable throughout long, complicated processes.
• Managing the emotional side of the deal. Several sellers note that their broker kept the process calm when negotiations got tense.
• Realistic pricing. One seller who interviewed five competing firms noted Synergy recommended the highest asking price and backed it up with analysis — and that the buyer bids ultimately confirmed it.

Senior broker Raj Sheth, based on Long Island, has personally closed nearly 500 transactions across manufacturing, healthcare, insurance, and retail. Bo Prybyla, based in Connecticut, is repeatedly cited by both buyers and sellers for his ability to facilitate deals where both parties feel the outcome was fair.

This part matters less than client outcomes, but it's worth noting that the recognition Synergy has accumulated comes from multiple independent organizations, not a single branded award.

• Named to the Inc. 5000 list of fastest-growing private companies in 2022 and 2023 (they hold the highest ranking of any business brokerage on that list)
• Ranked as fastest-growing M&A firm in the US for 2022 by Acquisition International
• Selected as one of the five best business brokerages in the US by the Chamber of Commerce
• Ranked #1 out of 90 business brokerages by Feedspot
• Listed among the top seven business brokers in the US by Medium.com

None of these awards replace your own due diligence, but the breadth of recognition from different types of organizations is a credible signal.

No brokerage is right for every seller. A few areas worth keeping in mind:

• Pricing opacity. Commission rates are not listed on the website. You'll need to have a conversation before knowing what the deal will cost you.
• Volume vs. attention. Synergy sells hundreds of businesses per year. If you want a boutique experience with a single dedicated advisor start to finish, a smaller shop might be a better fit.
• Lower market exclusion. If your business generates less than $250,000 in owner net income, they are unlikely to take you on as a client. That's not a criticism — it's just how their model works.

Does Synergy Business Brokers charge upfront fees?

No. They operate on a success-fee basis, meaning they collect a commission only when your business sells.

What size businesses does Synergy work with?

They focus on companies with annual revenues from $700,000 to $250 million and owner net income between $250,000 and $30 million.

How long does it take to sell a business through Synergy?

Timelines vary by deal complexity, but some sellers report offers within days of listing. Closing typically takes several months after an offer is accepted.

Is Synergy a member of professional associations?

Yes. They are members of the International Business Brokers Association (IBBA) and M&A Source, a network of over 1,100 M&A professionals.

Conclusion

Synergy Business Brokers is a credible option for business owners in the $1M to $50M deal range, especially in construction, healthcare, manufacturing, and technology sectors where the firm has demonstrable buyer relationships.

The no-upfront-fee structure, depth of buyer database, and consistent client feedback make them worth a first call if you're seriously considering a sale.