
A boutique firm with an institutional standard.
Serving owners of privately held companies since 1985 — with senior attention on every engagement.
The Firm
Fortune 500 service for the lower middle market.
Spectrum is a merger and acquisition intermediary and advisory firm serving privately held companies with revenues from $2 million to $100 million. We offer the level of preparation, analysis, and negotiating discipline typically found at much larger investment banks — at a scale, and with a discretion, built for owner-operated businesses.
Our transaction experience spans manufacturing, wholesale and distribution, construction, services, technology, finance, insurance, and real estate — with completed deals ranging from under $1 million to well over $30 million.
We work a limited number of engagements at a time, so every client gets senior-level attention from the first meeting to the closing table.
Our Professionals

Maria Caudle
Seventeen years of valuation experience across Main Street and mid-market M&A transactions, expert witness services, and machinery & equipment appraisals. Maria also owns Eureka Biz Services (since 2006) and Acme Business Valuations.

Lance Schmidt
More than one hundred negotiated business sales, with a specialty in automobile dealership valuations and expert testimony. Lance teaches advanced valuation courses for the California Association of Business Brokers.
Our Heritage

Spectrum's standard was set by Jack Sanders — a full-time business intermediary from 1985, our president from 2001, and the author of BIZCOMPS®, one of the most authoritative sources on the market value of small and mid-sized businesses in North America.
In memoriam · Jack Sanders · President & Founder
His discipline — thorough preparation, honest numbers, and total confidentiality — remains the way every Spectrum engagement is run.
Ready to talk about what your company is worth?

