Blackland·Advisors
For Owners of Businesses with $10-$100 million in Revenue

You built this business. What's next?

We run a confidential, competitive sale process for Southeast industrial and business services companies doing $10-$100 million of revenue.

$3B+Aggregate Career Transaction Value
27 YearsFounder Experience
$10-$100MMRevenue Range Advised

No pressure to sell — just a candid read on where you actually stand.

What We Do

Our services

Three ways we work with lower middle market owners, depending on where you are: selling, buying, or planning for what's next.

Sell-Side Advisory
Buy-Side Advisory
Strategic Advisory & Exit Planning
Business Sales & Exits

Sell-Side Advisory

We help owners sell their companies with clarity, confidentiality, and control. From negotiating the LOI through diligence to close, including the gaps where deals actually die, we're there for every step of the process.

Best for: owners ready to run a real sale process now.
Business Expansion

Buy-Side Advisory

We guide lower middle market companies and investors through acquisitions that add capacity, customers, or capability, identifying the right targets, running rigorous diligence, and negotiating favorable terms. We never represent both sides of the same transaction.

Best for: owners and investors pursuing growth through acquisition.
Planning

Strategic Advisory & Exit Planning

Candid advice on valuation, succession, and strategic alternatives, including recapitalization for owners who want liquidity without a full exit, so you're positioned well before the timing is right.

Best for: owners planning 1–3 years out, or exploring alternatives to a full sale.
Family & Generational Business

What happens to the company you've spent a lifetime building?

For second- and third-generation owners, a sale can be as much about people and legacy as it is about valuation. We help families weigh internal succession, a strategic sale, private equity, recapitalization, and partial liquidity, individually or in combination.

Explore Family Business Advisory
Confidentiality Protocol

Your employees shouldn't learn you're selling from a buyer.

A poorly run process creates unnecessary risk with your team, your customers, and your competitors. Here's how we control that.

  1. Blind introduction

    Buyers see a teaser with no company name, location, or identifiable details.

  2. Buyer vetting

    We confirm financial capacity before anyone sees more than the teaser.

  3. Signed NDA

    A buyer executes a non-disclosure agreement before receiving your name or financials.

  4. Controlled access

    Sensitive detail is released in stages, only as a buyer proves serious.

  5. Discreet diligence

    Site visits and management meetings are scheduled to avoid tipping off your team.

  6. Confidential closing

    Only the people who actually need to be involved in closing are looped in — not your whole leadership team, and not before it matters.

Founder Background

Two careers. One perspective.

Formal oval boardroom table with dark wood and matching chairs
Global Banking

14 years in global banking and alternative investments, inside some of the industry's most demanding institutions.

Worker in a hard hat and safety vest operating manufacturing machinery
Operating

13 years personally owning and operating logistics, warehousing, and distribution businesses.

$10-$100MM · Southeast · Founder-Led

Meet Blackland

Blackland Advisors is a leading M&A advisory firm focused exclusively on lower middle market businesses based in the Southeast. We work with companies generating $10 to $100 million in annual revenue, many of which are family-owned and preparing for generational transition.

Blackland exists because of a pattern we saw play out again and again. After years working alongside hundreds of business brokers and M&A advisors across the lower middle market, the ones who genuinely understood both sides of the table were rare enough to count on one hand. Most understand only the deal side. We built Blackland to be one of the few that understands the business side too.

That's not a slogan, it's 27 years: split between global banking and alternative investments, and hands-on work actually owning and operating businesses, not just underwriting them from a spreadsheet.

Larger, more complex transactions take real work to close, not just to list. We stay on every buyer conversation, every objection, and every stage of diligence until the right deal closes, not just the first one that shows up.

— Chapman Syme, Founder & Managing Director

Banker

Institutional rigor in how we structure, negotiate, and run a competitive process.

Operator

Real instinct for what a deal actually does to a business, not just a balance sheet.

Owner's Perspective

We've sat on the same side of the table you're sitting on — with our own capital and our own employees at risk.

The Blackland Buyer Fit Framework

The right buyer is about more than price.

A higher offer from the wrong buyer can cost you more than you gain, and we've watched it happen from both sides of the table: buyers who walk from a signed LOI over a financing gap, a "strategic fit" that guts the management team within a year, promises made in a term sheet that quietly disappear by closing. Before we ever put a buyer in front of you, we screen them against four things.

  • Financial capacity

    Can this buyer actually close on the terms they're proposing, with financing that's real and committed, not a letter of interest with financing "to be arranged"?

  • Strategic fit

    Why does your business make sense for this specific buyer, not buyers in general? A vague rationale here is often the first sign a deal won't hold together through diligence.

  • Management & employee continuity

    What actually happens to the team that helped you build this? We push for a real answer before you're emotionally committed to a buyer who hasn't thought it through.

  • Closing discipline

    Has this buyer actually closed deals like yours before, or do they have a pattern of re-trading price and terms at the finish line? Track record matters more than the number on the LOI.

What should you expect from your advisor?

We didn't write this list from a marketing brief. It's what we watched play out from the other side of hundreds of these deals, and the standard we hold ourselves to instead.

Execution

Targets real fits

Approaches a targeted list of buyers who actually fit your business, and runs a real process with each one.

Persistence

Stays until it closes

Stays on every buyer conversation, every objection, and every stage of diligence until the right deal closes.

Communication

Updates every time

Gives you a real update after every buyer conversation, whether the news is good or not.

Selectivity

Tells you upfront

Tells you upfront, before any fee changes hands, if we're not the right fit for your deal.

Operating Insight

Has run companies

Has owned and operated companies personally, and knows the cash pressures a spreadsheet won't show you.

Advice

Plain terms, your timeline

Walks you through what to expect in plain terms, on a timeline that respects your decision.

We will tell you if we are not the right fit.

No hard pitch. Just a candid conversation about whether Blackland Advisors is the right fit for you. If we're not, we'll provide alternatives.

— Chapman Syme, Founder & Managing Director

What actually drives the number.

"Is my business worth more than I think?" is the question we hear most. Here's roughly how a number actually gets built, before a single buyer conversation happens.

Cash Flow Calculation

EBITDA
Business Earnings
Core operating earnings.
Add-backs
Owner Benefits
  • Excess owner salary
  • Personal vehicle & expenses
  • One-time legal / cleanup costs
Adjusted EBITDA
Cash Flow Available to Buyer
Multiplies
Value

Factors that Determine The Deal Multiple

Growth Potential
Buyers pay for momentum, not just last year's number.
Strategic Value
Why this buyer wants you — synergy, market entry, capability.
Buyer Competition
More qualified buyers at the table pushes the number up.
Industry Multiple
What comparable businesses in your industry actually trade for.
Multiple = Business Quality
Not dollars — judgment about how valuable those dollars are. Higher quality means a buyer pays more per dollar of cash flow.
Enterprise Value
Business Value
Adjusted EBITDA × MultipleReal cash flow × business quality = value

Not Sure You're Ready to Talk to an Advisor Yet?

Take our short exit readiness assessment. Enter your email and you'll receive a link.

Ready to see what your business is worth?

Schedule a confidential consultation for your $10-$100MM revenue business. Call (404) 689-7580 or send a message.

Start a Confidential Conversation

Answers to commonly asked questions.

Selling a business you've spent decades building brings up more questions than any one call can answer. Here are the ones we hear most, answered honestly.

Is my business worth more than I think?

Most owners anchor on a rule of thumb they heard once, from a friend who sold years ago. The real number depends on things a simple multiple doesn't capture: the quality of your earnings, how concentrated your customer base is, and whether the business runs without you in the room every day. We'll give you a straight, honest range early, not an inflated number meant to win your business and get walked back later. Read what actually drives valuation →

Am I selling at the right time?

There's rarely a perfect moment. Market cycles and buyer appetite matter, but so does your own energy for the business and whether you're building toward a number or just tired of carrying it alone. We'll tell you honestly if the market favors you right now, and just as honestly if we think you're not ready yet. See how to weigh market timing against your own →

What does this cost me?

Our fees are primarily success-based: compensation is tied to your deal actually closing, not to how quickly we get you to sign an engagement letter. We'll walk through the specific structure with you directly and plainly, before you commit to anything, so there are no surprises buried in fine print later. See the full fee structure →

How long does the process actually take?

Most transactions run 6 to 12 months from initial preparation to closing, depending on how ready your financials are, how competitive the buyer pool is, and how complex the business itself is. We'll give you a realistic timeline early, not an optimistic one meant to keep you engaged. See the full process, phase by phase →

What's the real difference between you and a business broker?

A broker lists your business and waits for interest. We run an active process: identifying the right buyers before they know you're for sale, negotiating structure and terms as hard as price, and staying on every conversation until the right deal closes, not just the first one that shows up. See the full comparison →

How do I keep this confidential?

Employees, customers, and competitors finding out too soon can cost you more than a lower offer; it can cost you the deal entirely if key people leave before you close. Every buyer sees a blind teaser first, signs an NDA before your name or financials go anywhere, and gets sensitive detail only in controlled stages. See exactly how we control that →

Do my financials need to be in perfect shape before we start?

No. Most businesses need some real cleanup, and that's normal. We identify the gaps, help you normalize the numbers, and put together financials that build buyer confidence instead of raising questions. See what buyers actually look for →

What if a buyer has already reached out to me directly?

That's more common than owners expect, and it's not something to handle alone. An unsolicited offer means a motivated buyer, but no competition and no market signal on whether the number is fair. We'll help you evaluate it properly before you respond. Learn how to handle an unsolicited offer →

What happens after the deal closes?

This is where owners get surprised, usually not pleasantly. Earnouts, transition periods, and post-close obligations shape what you actually walk away with, and how long you're still tied to the business. We negotiate these terms as hard as we negotiate price, and make sure you understand exactly what you're agreeing to before you sign. Understand what an earnout means for you →

What if I'm not ready to sell, just exploring?

That's most of the conversations we have. Exploring isn't a commitment, and we'd rather spend an hour with you now than have you make a decision later without the right information. If you'd prefer a lower-commitment first step, our short readiness assessment is a good place to start. Take the readiness assessment →