40 Million Owners is the only ESOP advisory firm focused exclusively on supporting growth through acquisitions. ESOPs are uniquely positioned to create value and expand Employee Ownership through strategic acquisitions.
We help ESOPs create long-term value for their employee-owners through a focused, programmatic approach to acquisitions. Our team partners with ESOP management to develop and execute acquisition strategies that enhance enterprise value. These leaders recognize the power of employee ownership and the distinct advantages ESOPs bring to the M&A market.
Target ESOP Clients
40 Million Owners operates as an extension of an ESOP’s management team and leads its corporate development efforts.
We work with ESOPs with the following profile:
- Plan assets of $10-200M
- EBITDA of $2-25M
- Sophisticated management teams
- Growth-oriented cultures
- Desire to preserve and enhance long-term value through M&A
- Strategy to consolidate core market position OR to diversify from core market
Our Services for ESOPs
Acquisition Framework Design
We design an acquisition framework to ensure alignment of executive leadership, board, trustee, and advisors.
- Conduct target sector analysis and develop a prospect scorecard
- Design organizational readiness plans and acquisition deal team structure
- Align around core values and a culture of ownership
- Build baseline financial models and scenario analyses
Execution
We manage all aspects of M&A execution and serve as the point person for diligence workflows.
- Source deals and qualify opportunities
- Perform preliminary valuation analyses, assess strategic fit, and negotiate term sheets
- Oversee due diligence with a focus on ESOP implications
- Finalize transaction structures and legal documents
Integration
We deliver post-closing integration services that align people, processes, and culture to maximize value creation and accelerate sustainable growth.
- Lead transition team management
- Coordinate internal and external communications
- Align people, technology, financial systems, and business processes
Acquisitions are a driver of long-term value, sustainability, and impact for mature ESOPs.
Disciplined, acquisition‑led growth creates significant benefits for ESOPs. A well‑executed acquisition strategy leads to a larger, more diversified company with a deeper bench of talent, enhancing value and supporting long‑term sustainability.
40 MILLION OWNERS 