Honest Question: Who buys companies for $5M-$15M? What do they do? What makes a company in that range attractive? I like the idea of doing one of those every 3

Honest Question: Who buys companies for $5M-$15M? What do they do? What makes a company in that range attractive? I like the idea of doing one of those every 3-5 years for the rest of my life rather than go for the glory IPO and... then what?