FOUNDER PREVIEW · NOT FOR DISTRIBUTION · NOINDEX INTEGRITY · EXPERTISE · SUCCESS(860) 253-9087 · CLINTON, CT

EST. 2005 Boutique M&A Advisory · Clinton, Connecticut · Northeast & Nationwide

Your dedicated exit strategy partner.

Touchstone Advisors is a boutique mergers & acquisitions advisory firm serving lower middle market business owners throughout the Northeast and nationwide. With more than two decades of experience and 500+ completed transactions, we bring a disciplined process and senior-level advisor involvement to every engagement — from preparing your business for sale through closing the transaction.

0Completed Transactions
0Years Collective Banking
0Years Representing Owners
$5–100MClient Revenue Focus
Portland Head Light on the rocky Maine coastline — a working Northeast light that has guided mariners for over two centuries

Portland Head Light — Maine coastGuiding exits since 2005

CAMPION CLOSEDTRINITY CLOSEDMICORP CLOSEDMONHEGAN CLOSEDUNIVERSAL CLOSEDCENERGY EA CLOSEDSIKICH CLOSEDPOLONEZ PARCEL SERVICE CLOSEDIPS ACQUISITIONS LLC CLOSEDBAMACHINE → TALON PRECISION JUL 10 2026 · TRACXN26 DEALS FACILITATED · TRACXN JUL 2026SELL-SIDE TO 3i GROUP · FEB 2005 · PITCHBOOK

Firm credentials

0Successfully completed M&A transactions
0Years collective banking experience
0Professionals across the firm — senior involvement on every deal
0Deals facilitated per Tracxn, incl. 2 in the last 12 months (Jul 2026)

With over 500 successfully completed M&A transactions, we bring the experience, relationships, and process discipline required to close deals and maximize enterprise value. M&A methodology for mid-market companies — applied with a personalized, confidential approach to every ownership transfer.

INSTRUMENT 01 Estimate of Value · Part Science, Part Art

What would a third-party buyer pay for your business today?

Our Estimate of Value (EOV) gives owners a realistic understanding of their company's value in today's marketplace — built on actual private-company transaction data, our internal financial model, and normalizing adjustments that show your business the way a buyer sees it. Adjust the inputs below for an indicative range.

Indicative model · not a formal valuation

Your company

Lower middle market parameters — $5M to $100M revenue.

$12.0M
$1.80M
$250K
8%
$0

Normalizing adjustments recast tax-purpose financials into the earnings a third-party buyer would actually expect — the crucial step most informal valuations skip.

Indicative EOV range

EBITDA × market multiple · ±15% band · private-company cost of capital.

$10.8M
$9.2MLOW · BASE · HIGH$12.4M
Recast (normalized) EBITDA$2.20M
Applied industry multiple6.0×
Implied revenue multiple0.9×
EBITDA margin15.0%
Est. success fee (Modern Lehman)$540K
Est. net to owner at base$10.3M

Value sensitivity across the $0.5M–$20M EBITDA band at your selected multiple. Marker shows your position.

Exit Advantage readiness

Our proprietary 10-step program for owners planning an exit in the next 2–5 years. Check what's complete.

Readiness score 40%

A structured head start — the bi-annual review cadence keeps this current.

i.Industry sale data

Multiple databases detail private-company valuations and prices based on actual transactions — sales, gross profit, and adjusted cash-flow metrics (EBIT / EBITDA).

ii.Internal financial model

Our internally developed model uses a private-company-specific cost of capital to determine earnings multiples and value ranges, calibrated against current-market sales data.

iii.Normalizing adjustments

Financial statements prepared for tax reporting are adjusted to accurately represent value to a third-party buyer — a fair, complete, unbiased view of the company.

iv.Comprehensive report

Every component in one market-based recommendation. For larger companies we incorporate ranges that active private equity groups would expect to pay at your size and sector.

More than 15 years of time-tested EOV procedures deliver accurate, timely, realistic information for well-informed decisions — evaluating exit options, establishing a baseline for internal transitions to the next generation or current management, and benchmarking for strategic financial planning. Fee ranges shown reflect published lower-middle-market benchmarks (retainer $5K–$15K/mo, typically credited; success fee 3–8% of EV).

Request a Formal Estimate of Value

INSTRUMENT 02 Current Engagements · Strictly Confidential

The deal vault — live lower middle market opportunities.

A selection of active and recently completed engagements across the Northeast and nationwide. Financial details are released only under executed confidentiality — the same discipline we promise every seller.

Illustrative examples · synthetic

INSTRUMENT 03 Transaction Archive · Since 2005

Five hundred closings leave a paper trail.

The aggregate record is verified; the entries below are a representative 40-deal sample modeled on our sector, geography, and size mix. Filter the ledger, or open any tombstone for the deal story.

40-deal sample · synthetic composites
Founded 2005Two decades representing owners of privately held, family-owned businesses.Apollo · PitchBook · Tracxn · LinkedIn
500+ completed transactionsWith 100+ years collective banking experience behind every engagement.Touchstone Advisors · firm record
33 employees · $2.9M revenueAdvisors, diligence, CIM writing and research — senior involvement on every deal.Apollo · RocketReach
26 deals facilitatedIncluding 2 in the last 12 months; top types: business acquisition, acqui-hire.Tracxn · as of Jul 2026
Sell-side to 3i GroupLower middle market sell-side transaction, February 2005.PitchBook
Bamachine → Talon PrecisionMost recent facilitated acquisition, July 10, 2026. Activity across US & UK.Tracxn
Filters
Sector
EV ≤ $100M
Years

INSTRUMENT 04 The Disciplined Process · Preparation Through Close

Eight stages. Senior advisors on every one of them.

The same investment banking mergers & acquisition model used on Wall Street, combined with our proprietary Exit Advantage program — a disciplined process with senior-level advisor involvement from preparing the business for sale through closing. Select a stage to see its tasks, documents, and owners. Drag the timeline to simulate your deal.

Typical durations · illustrative
Stage
Advisory & readiness Market & auction Execution Valuation science

CREATING MARKETS Three Marketplace Principles

“Different buyers will pay very different prices for the same business. The seller's only job is to make them compete.”

Traditional negotiation tactics often lead to disadvantages for the seller. Our goal: find the best buyers, then use a competitive process to secure the highest and best offers.

I.
Value is buyer-specific

Different buyers will pay very different prices for the identical business — because each brings a different set of opportunities and synergies to the table.

II.
The strategic buyer pays most

The strategic acquirer with the most opportunity will be able to pay the highest price — synergies convert directly into purchase price.

III.
But never voluntarily

That strategic acquirer will never offer all a business is worth to them — so long as they can buy it at a lower price. Competition, not negotiation, closes the gap.

The Touchstone Solution

We identify the strategic opportunities available to buyers in the market, market the business without a price to strategic and synergistic acquirers, private equity groups, family offices, and individuals — identify the acquirers who would benefit most from those opportunities, and place them in competition with one another so the highest possible selling price is achieved.

INSTRUMENT 05 Buyer Universe · Northeast & Nationwide

We already know who would want your company.

A lower middle market sell-side process typically puts 60–150 qualified buyers under confidentiality. Filter our relationship model by sector and buyer type to see where strategic and financial appetite concentrates.

Relationship model · illustrative
Strategic acquirer Financial buyer (PE / FO / search) Northeast footprint state Dot = relationship cluster
60–150Buyers contacted per lower middle market process — curated, not sprayed.
150–400Typical middle-market universe, for comparison. We work where senior attention still reaches every call.
No price up frontOpportunities are marketed without a price, so strategic synergies — not anchors — set the clearing value.

OUR PEOPLE Excellence Is Our Foundation

Senior bankers on your deal — not handed to juniors.

Our team is composed of experienced, trusted professionals focused on building relationships with clients throughout the process. Each member possesses extensive market knowledge and the expertise to serve both domestic and international companies — collectively, 100+ years of banking experience.

Leadership

SP
Steven PappasPartner, M&AMI · M&A Advisor(860) 575-4032
JR
Jeffrey RichManaging Director & President · M&A Investment BankerCFA · Tenured, New York(860) 818-6064
DA
Deborah AgrafojoManaging Partner · M&A Investment BankerFINRA · XPX CT · M&A Source · ACG CT(936) 689-2501

M&A Advisors

MC
Michael CamerotaFounderJD · M&AMI
MH
Mecheal HamiltonM&A Investment Banker
LA
Lauren AltschulerM&A AdvisorCBI · M&AMI · CMAP
RJ
Roy E. JohnsonM&A Investment Banker
KS
Ken SchaeferM&A Advisor · Boston
PC
Paul CroninM&A Advisor
DC
Dave CloughM&A Advisor
JV
Joseph Von EhrM&A Advisor
JB
Jorge BoeroM&A Advisor
LC
LaurenMergers & Acquisitions Consultant · West Hartford, CTCBI

Industry Advisory Board

CG
Curtis GreveAdvisor
PA
Paco AgrafojoAdvisor
MH
Mark HillAdvisor
RM
Rishy MehrotraAdvisor

Behind Every Deal

DD
Due Diligence CoordinatorFrom the first client meeting, gathers and organizes every document needed to complete the sale — catching issues early, before the letter of intent is signed, building buyer confidence and shortening time to close.
CW
Specialized CIM WriterResearches clients' industries and competitors, gathering the relevant, significant information into one place for potential buyers — a crucial piece of positioning the company in the marketplace.
OM
Operations ManagerMaintains the systems and technology supporting the firm — marketing, content, and the tools advisors and research staff need to manage deals and support each engagement.
RA
Research AssistantGathers data and information supporting and verifying M&A activity — a significant behind-the-scenes role across the firm.

WHAT WE DO Three Components of the Practice, One Methodology

More than brokers — a comprehensive exit strategy.

Touchstone provides merger and acquisition services to the lower middle market, utilizing decades of industry experience to provide the best possible path for each owner and family business we represent. We customize our services based on each unique situation, and work closely with clients to achieve their goals — with integrity and ethical conduct aligning our efforts to client goals throughout the M&A process.

Sell-Side Mergers & Acquisitions

Experienced M&A advisors and investment bankers specializing in the sale of privately held businesses, primarily with revenues between $5M and $100M. When it's time to sell, our process is designed to be thorough, confidential, and to attract a large pool of qualified buyers — resulting in maximum value for business owners.

$5M–$100M revenue$5M–$100M EV
  • Competitive sell-side process resulting in multiple competing offers
  • Exclusive representation of sellers — and buyers
  • Multi-industry experience across the lower middle market
  • A sterling reputation built on confidential, personalized execution

Exit Advantage® — 10-Step Program

An exclusive 10-step program developed for business owners who plan to exit in the next 2–5 years. The goal: prepare the business for a future sale so the transaction maximizes shareholder value. Exit Advantage dives deep on owner and business readiness, industry competitive benchmarking, operational optimization, detailed financial analysis, tax optimization, and assessing operational risk from the buyer's perspective.

  • Owner Readiness Review
  • Business Readiness Review
  • Business Financial Assessment
  • Recast Financials
  • Range of Value
  • Tax Optimization
  • Acquirer Risk Assessment
  • Transition Options
  • Value Enhancement Initiatives
  • Bi-annual Review

Buy-Side Services

Touchstone's Buy-Side Services identify quality acquisition targets in the lower middle market. A proven multi-step process develops screening criteria to identify, select, and negotiate the best deal possible.

  • Pre-emptive, off-market deals sourced before broad auctions
  • Focused efforts leading to private, one-on-one negotiations
  • Multiple choices for investment — never a single-option path
  • Strategy-driven deals that add value on multiple levels

Investment Banking & Debt Capital

Investment banking services are provided through Four Points Capital Partners LLC, an independent broker-dealer. Along with Four Points Capital, our team collectively touts over 100 years of banking experience, resulting in billions of dollars of transactions — delivered with a focus on integrity and ethical conduct.

Debt Capital Advisory
First-lien senior securedSecond / split-lienMezzanine debtUnitranche facilitiesAsset-based loans (ABLs)Bridge & stapled financingsStructured equity capital

Securities offered through Ceiba Financial LLC, member FINRA / SIPC. Touchstone Advisors and Ceiba Financial LLC are separate and unaffiliated entities.

INDUSTRIES WE SERVE Privately Held · Family Owned · $5M–$100M Revenue

If you built it in the Northeast, we've likely sold one like it.

Indicative EBITDA multiples reflect the ranges our EOV model currently applies by sector — the science side of the art. Your multiple is earned in the recast, the buyer universe, and the auction.

Multiples indicative · model-derived
Machinist operating a milling machine in a Northeast precision manufacturing shop Precision manufacturing — the Northeast's largest sell-side sector

BEGIN Confidential · No Obligation · Senior Advisor on Every Call

Your life's work deserves a confidential conversation first.

Every business owner gets an individual process. Tell us where you are — exploring, two years out, or ready this quarter — and a senior member of the firm will respond personally.

01
Confidential call within one business day

A senior advisor — not a sales team — reviews your situation, sector, and timing. Nothing is shared, marketed, or recorded without your authorization.

02
An honest Estimate of Value conversation

We'll tell you what we think your business is worth in today's marketplace, and what the gap looks like between tax-basis financials and buyer-ready recast numbers.

03
Exit Advantage roadmap or go-market plan

Depending on timing: the 10-step readiness program with bi-annual reviews, or engagement, BMPA analysis, and a confidential search that typically reaches 60–150 qualified buyers.

DIRECT — PREFER THE PHONE? (860) 253-9087 · Main — Clinton, CT info@touchstoneadvisors.com 24 W Main St, #210, Clinton, CT 06413

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