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.
Jump to a Mandate
Active Mandate
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 |
Active Mandate
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 |
Active Mandate
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 |
Active Mandate
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 |
Active Mandate
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 workflows.
| Region | Regional |
| Revenue | $5–$20M |
| EBITDA | $1–$5M |
| Team | 20–200 employees |
| Structure | Committed capital; up to 100% cash at close |
Active Mandate
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 |
Active Mandate
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.
Clear and Confidential Process for Sellers
1Discovery & qualification
A confidential conversation on fit, plus a high-level overview and preliminary valuation — a no-obligation look at an employee-owned exit.
2Feasibility & framework
Preliminary diligence on operations, financials, and culture, with a framework on terms and structure so the economics are clear before any commitment.
3Formal diligence
Comprehensive diligence, financing arranged as needed, and transaction documents finalized — transparent, well-capitalized, and advisor-guided.
4Closing & integration
The deal funds, you receive fair market value, and the business joins the employee-owned platform — your legacy and people endure.