Hold back escrow companies for small transactions

searcher profile

August 28, 2021

by a searcher in Berkeley, CA, USA

I am working on a deal where the sellers and I have agreed to a small holdback amount ($200k). I am looking for an reputable escrow company to hold it for a period of one year. Google suggests some small small business escrow services that I am wary about using. Also, I see that JP Morgan Chase and other banks advertise M&A escrow services, but I am not sure they service small deals like the one I am working on.

Any recommendations would be much appreciated! Thank you.

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commentor profile
Reply by a professional
from Bentley College in Miami, FL, USA
Escrow.com is a popular service used in the online business acquisition space. Not sure if they have such long holding periods but they might.
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Reply by a professional
from Georgetown University in Houston, TX, USA
BNY Mellon is my go to for those types of escrows. Fees are reasonable, and you should negotiate that they be split .
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