The Exit Engagement.

The Exit Engagement is a fixed fee sell side mandate for owners of operating businesses at $10,000,000 or more in gross annual revenue seeking a full or majority sale. It is built to produce a closed sale at a defended price, with the seller protected after close, and the client pays no success fee at any price.

What the engagement covers

1. Sale architecture. Financial recast with documented adjusted EBITDA support, earnings quality workpapers, corporate and contract cleanup through your counsel, and a valuation with a recommended ask.
2. Materials and data room. An institutional Confidential Information Memorandum, an anonymous teaser, and an indexed data room, diligence ready before the first buyer conversation.
3. Buyer process. 50 to 100 qualified strategic and financial acquirers, managed outreach under NDA, competing indications of interest, and prepared management.
4. Transaction. A deal structure memorandum with your CPA before any letter of intent, negotiation of price and terms with the second ranked bidder held through close, purchase agreement support with your counsel, seller protections on any earnout or note, and net proceeds modeling.

How the engagement runs

The mandate is a 180 day fixed fee engagement, paid at execution by wire. Conventional sell side compensation at this scale runs $300,000 to $400,000 under standard success fee formulas, plus monthly retainers, and a success fee advisor is paid only if a sale closes, which pressures the process toward closing any deal on any timeline. The fixed fee removes that pressure: the advice to accept, counter, or walk away carries no commission behind it, and price discipline comes from competing bidders held through close, not from the advisor's percentage. Scope and fee are delivered in a single mandate document after qualification.

To qualify

1. Gross annual revenue of $10,000,000 or more and a genuine intention to sell within roughly 12 months.
2. 3 years of financial statements and tax returns, with support for adjusted earnings.
3. Ownership available for preparation sessions and buyer meetings.