About Spectrum

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

Maria Caudle

Director of Operations
CMAP · CVA · EECA · California Real Estate Broker

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

Lance Schmidt

President, National Business Appraisers Inc.
CVA · CBI · Former CPA

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

Jack Sanders

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.

Every conversation begins under confidentiality

Ready to talk about what your company is worth?