40 Million Owners is the only M&A advisory firm focused solely on helping ESOPs grow through acquisitions. We structure and execute transactions that create durable value for sellers, employees, and communities alike. This register is updated continuously — if your business, or a client’s, fits one of these mandates or a sector not yet listed, start a confidential conversation with our team.
Broker relationships and fees are honored and protected. This document does not constitute an offer to sell or a solicitation of an offer to buy any securities.
Professional & Back-Office Services
Looking to acquire a B2B outsourced business services company that provides accounting, finance, and HR support to small and mid-sized businesses.
- Region: Nashville / Middle Tennessee
- Team: 5–40 employees
- EBITDA margin: 15–20%
- Structure: 50–75% cash at close
Marketing & Agency Services
Looking to acquire full-service agencies serving healthcare & behavioral health and community banks; deep MarTech, CRM, HubSpot, and AI-enablement capability that grows higher-value accounts.
- Region: Cincinnati · Durham · Nashville
- EBITDA margin: ~20%
- Revenue per employee: ~$170K
- Structure: Accretive, cash-flow positive
Managed IT & Cybersecurity
Looking to acquire MSSPs and managed / co-managed IT with differentiated cybersecurity capabilities; Microsoft 365, Power Platform, RPA & compliance specialists; telecom, VoIP, and network infrastructure.
- Region: Greater Cincinnati + ~100 miles
- Revenue: $1–$10M
- Revenue type: Recurring
- Structure: Asset purchase; earnouts & seller notes
Engineered & Human-Interface Products
Looking to acquire engineered safety, accessibility, and audio / human-interface products with durable demand across education, healthcare, and workplace environments.
- Region: Nationwide
- Revenue: $4–$25M
- EBITDA: $1–$6M
- Team: 10–100 employees
- Structure: 100% acquisition by ESOP holding company; up to 100% cash at close
Print, Mail & Document Solutions
Looking to acquire transactional print & mail, data & document storage and management, targeted direct mail, and digital-transformation services; supporting regulated, mission-critical workflow
- Region: Regional
- Revenue: $5–$20M
- EBITDA: $1–$5M
- Team: 20–200 employees
- Structure: Committed capital; up to 100% cash at close
Food & Beverage Manufacturing
Looking to acquire operationally sound, founder-owned manufacturers: baked goods, specialty & better-for-you, private label, functional ingredients, beverages, supplements, dairy, and frozen.
- Region: Nationwide
- Revenue: $20–$150M
- EBITDA: Greater than $2.5M
- Team: 50+ employees
- Criteria: No customer greater than 30%; greater than 80% retention; founder-led team in place
Civil Construction & Infrastructure
Looking to acquire civil contractors in public works, water resources, and site development, plus subcontractor vertical-integration targets — trenchless work, manhole rehab, surveying, specialty rentals, and related specialty construction within ~300 miles of Jacksonville.
- Region: North & Central Florida
- Revenue: $5–$40M
- EBITDA: $1–$8M
- Team: 20–200 employees
- Structure: Flexible cash, seller notes, earn-outs & rollover equity; 12–36 month transition
New mandates are added as ESOP buyers enter the market — contact us for opportunities not yet listed.
Write: administration@40millionowners.com to inquire about any particular acquisition mandate
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Clear and Confidential Process for Sellers
1. Discovery & qualification
A confidential conversation on fit, plus a high-level overview and preliminary valuation — a no-obligation look at an employee-owned exit.
2. Feasibility & framework
Preliminary diligence on operations, financials, and culture, with a framework on terms and structure so the economics are clear before any commitment.
3. Formal diligence
Comprehensive diligence, financing arranged as needed, and transaction documents finalized — transparent, well-capitalized, and advisor-guided.
4. Closing & integration
The deal funds, you receive fair market value, and the business joins the employee-owned platform — your legacy and people endure.