Specific disclosures regarding our advisory services, the nature of our communications, and the limits of the information we publish.
Schryver & Co., LLC ("Schryver & Co.") provides M&A advisory and consulting services to clients in the residential and commercial service industries. The following disclosures apply to all content published on this website and any related communications.
Please read carefully. These disclosures are an important part of understanding the nature of our work and the limits of the information we publish. They should be read together with our Terms of Use and Privacy Policy.
All articles, briefings, email updates, social media posts, videos, podcasts, and other content published by Schryver & Co. — whether on this website or on third-party platforms — are intended for general informational and educational purposes only.
Such content does not constitute, and should not be relied upon as, M&A advice, investment advice, legal advice, tax advice, accounting advice, or any other form of professional advice tailored to your specific situation.
Nothing published by Schryver & Co. is intended to be, and should not be construed as, a recommendation to buy, sell, or hold any security, business interest, or other asset. Discussions of transaction multiples, valuation ranges, market trends, or specific industries reflect general observations and should not be relied upon as predictions or guarantees of future results.
You should consult independent qualified professionals — including legal, tax, accounting, and financial advisors — before making any business or investment decision.
Nothing on this website or in our published content constitutes an offer to buy or sell, or a solicitation of an offer to buy or sell, any security, business, or other investment opportunity. Any such offers, if made, would be made only by means of formal written documents and only to persons in jurisdictions where such offers are lawful and permitted.
No advisory, brokerage, or other professional relationship is established between Schryver & Co. and any person or entity through use of this website, submission of a contact form, exchange of emails, attendance at a meeting, or any other informal communication.
An advisory relationship is created only by a written engagement letter signed by both Schryver & Co. and the client, setting forth the scope of services, fee arrangement, and other material terms. Until such engagement letter is executed, communications between Schryver & Co. and prospective clients are exploratory in nature only.
Schryver & Co. treats all communications from prospective and existing clients as confidential and uses information shared with us only for the purposes of evaluating, pursuing, or providing advisory services. We do not disclose client identities, transaction details, or other confidential information without consent, except as required by law.
However, before execution of an engagement letter, communications with prospective clients are exploratory and not subject to the protections that apply to a formal advisory engagement. You should not share information you would consider truly sensitive until a written engagement is in place.
Our content may include forward-looking statements about industry trends, M&A activity, valuation multiples, or market conditions. Such statements reflect our views and analysis at the time of publication based on information then available. They are not predictions or guarantees.
Actual results, transactions, and outcomes may differ materially from those described. We undertake no obligation to update forward-looking statements to reflect new information, events, or circumstances after they are published.
References to transactions, valuation ranges, multiples, or other market data are based on publicly available information, our experience, or aggregated industry research, and are provided for illustrative purposes only.
Past performance is not indicative of future results. Each transaction is unique. Valuations, deal terms, and outcomes vary based on specific facts and market conditions at the time of transaction.
Schryver & Co. operates pursuant to the federal M&A Broker Exemption codified at Section 15(b)(13) of the Securities Exchange Act of 1934. This exemption was permanently enacted into federal law in December 2022 as part of the Consolidated Appropriations Act of 2023, building on the SEC staff's longstanding 2014 No-Action Letter that first formally recognized the distinct nature of M&A advisory work involving privately held operating companies.
The M&A Broker Exemption is a deliberate, codified federal framework that permits qualified intermediaries to facilitate the purchase and sale of privately held businesses without registering as broker-dealers under the Securities Exchange Act, provided that the transaction and the parties meet specific eligibility requirements. Schryver & Co. structures its engagements to fall squarely within these requirements.
In plain terms: Schryver & Co. is legally authorized to provide M&A advisory services to owners and acquirers of privately held service businesses without broker-dealer registration. The exemption that enables this work is not an interpretive gray area — it is a clearly defined federal statute, with explicit eligibility criteria that we adhere to in every engagement.
The M&A Broker Exemption applies only when each of the following conditions is satisfied. Schryver & Co. structures every engagement to meet all of them.
i. Privately Held Companies Only. The exemption applies to "eligible privately held companies" — businesses that do not have any class of securities registered, or required to be registered, with the SEC, and that have not filed reports with the SEC in the year preceding the transaction. Schryver & Co. represents owners and acquirers of privately held residential and commercial service businesses. We do not advise on transactions involving public companies, SEC-reporting issuers, or other entities outside the scope of the exemption.
ii. Active Buyer Requirement. The exemption requires that, following the transaction, the buyer or buyers will control and actively manage the acquired business — through ownership, board representation, executive authority, or other substantive operational involvement. Passive financial investors, shell companies, and blind pools do not qualify. Every transaction Schryver & Co. facilitates involves operators, strategic acquirers, or sponsor-backed groups who will exercise actual operational control of the business post-close.
iii. Transaction Size Limitations. Under the exemption, the target company must have either (a) EBITDA of less than $25 million in the most recent fiscal year, or (b) gross revenues of less than $250 million in the most recent fiscal year. The transactions Schryver & Co. advises on are well within these thresholds and reflect our focus on the lower middle market in the residential and commercial service industries.
iv. No Capital Raising or Shell Activity. The exemption does not permit M&A brokers to raise investment capital, conduct securities offerings, facilitate transactions involving shell companies or blind pools, or operate any pooled-investment structure. Schryver & Co. does not engage in capital-raising activities, sponsor or promote investment vehicles, or assist with the formation of acquisition entities for the purpose of pooling third-party investor funds.
v. No Custody of Funds or Securities. The exemption prohibits M&A brokers from taking custody of, or otherwise handling, client funds or securities at any point during a transaction. Schryver & Co. does not hold, receive, transfer, or take custody of funds or securities. All transaction consideration flows directly between the buyer and seller through their designated escrow agents, lenders, and transactional counsel.
Because our work is intentionally structured to comply with the M&A Broker Exemption, Schryver & Co. is not a registered broker-dealer with the Securities and Exchange Commission or FINRA, and is not a registered investment adviser. We do not provide investment advice, manage assets, hold customer funds or securities, or engage in any activity that would require such registration under federal or state securities laws.
To the extent any aspect of a contemplated transaction would fall outside the scope of the M&A Broker Exemption, Schryver & Co. will either (a) decline the engagement, (b) restructure the engagement so that it falls within the exemption, or (c) coordinate with appropriately registered third parties to address any components of the transaction that require registered representation. We do not improvise around the boundaries of the exemption.
This disclosure is intended to make clear, both to our clients and to the public, that Schryver & Co.'s practice is grounded in an established federal statutory framework — one that was specifically designed by Congress to permit qualified M&A intermediaries to serve the privately held operating businesses that form the backbone of the American economy.
Our website and content may include references to, quotations from, or links to third-party sources, including news articles, research reports, and other publications. We do not endorse, control, or accept responsibility for the accuracy or completeness of third-party content. Such references are provided for informational purposes only.
Schryver & Co. provides services where lawful and consistent with our business model. Information on this website is not directed at, and our services are not offered to, persons in any jurisdiction where the publication of such information or the offering of such services would be contrary to applicable law or regulation.
Statements from clients, operators, or other third parties appearing on this website or in our content reflect the personal experiences and opinions of those individuals. Such statements are not necessarily representative of all clients or transactions and should not be construed as guarantees of similar results.
Testimonials are used with permission and have not been independently verified. We do not provide compensation in exchange for testimonials.
If you have questions about these disclosures, our advisory services, or the nature of our engagements, please contact us:
Schryver & Co., LLC
Email: info@schryverco.com
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