Professional Services
$8M Revenue
5.8x EBITDA
Final Sale Multiple
From Founder-Dependent to Founder-Optional
Situation
A 22-year-old engineering consultancy where every client relationship ran through the founder. The business was profitable and well-regarded — but entirely unsaleable at a premium. A prospective buyer's LOI came in at 3.2x EBITDA. The founder believed the business was worth 6x.
Our Work
We spent 14 months restructuring client ownership across a newly built leadership team, documenting institutional knowledge that had never been written down, and installing a management operating system that let the founder step back from day-to-day decisions without the business losing altitude.
Outcome
The business sold 26 months after engagement at 5.8x EBITDA — a $4.1M improvement over the original offer. The founder remained as a non-operating advisor for 12 months post-close.