Midnite Acquisitions
A permanent home for the business you built.
Midnite buys essential local businesses and cash-flowing real assets and holds them for the long term. No fund deadline, no flip, no rebrand. Your team stays, your name stays, and you leave on a timeline you choose.
Who we buy from
Owners who want an exit on their terms, not just a number.
Most sellers we talk to have spent twenty or thirty years building something that works. They still answer the phone. There is no successor in the family or on the payroll. They want a fair price, but they also want the crew to keep their jobs, the customers to keep getting looked after and the freedom to step back gradually rather than disappear on a Friday.
A private equity fund has to sell again in five years. A strategic buyer usually folds the business into its own. Midnite does neither. We own on our own balance sheet, we keep the name on the door and we invest in the systems the business needs for its next twenty years.
What we look for
Boring, essential, built to last.
If your business checks most of these boxes we would like to hear from you, even if you are a few years from being ready. Not sure how ready you are? Take the free Exit Readiness Score.
| Type of business | Service, route, location or real-asset businesses that people need in every economy. |
|---|---|
| Size | Operating businesses with $250,000 to $5 million of annual profit (SDE or EBITDA). Real assets with a purchase price of $1 million to $20 million. |
| Owner | Typically 55 or older, no successor in place, still involved day to day, and interested in a transition over months rather than a hand-off on closing day. |
| Financial profile | Healthy margins, a high share of recurring or repeat customers and no single customer that could sink the business. |
| Geography | Nationwide. We work with owners anywhere in the United States. |
| Room to improve | Still on paper, QuickBooks Desktop or decades-old software. Never run a paid ad. That is not a problem for us, it is the opportunity. |
Categories
Where we are actively looking.
Roughly in order of priority. If your business is adjacent to one of these, it is worth a conversation.
| Category | Examples | Why we like it |
|---|---|---|
| Home and commercial services | HVAC, plumbing, electrical, commercial cleaning, pool and landscape routes | Essential work, maintenance agreements and a deep bench of owners near retirement |
| Real assets | Mobile home parks, RV parks, single-facility self storage | Steady occupancy, low turnover and cash flow that does not depend on one key employee |
| Professional services | Bookkeeping and CPA practices, P&C insurance agencies | Recurring clients who renew every year and a natural fit with the tax and risk work our advisory clients need |
| Location businesses | Express car washes | Membership revenue and simple operations once the site is right |
From a minority stake to the whole company
Sell a piece, sell control, or sell it all.
Midnite takes positions at every level. Every one of them comes with the full consulting program and our network of outside experts. You decide how far up the ladder you go, and when.
| Stake | When it fits | What you keep |
|---|---|---|
| Small minority stake | You want the consulting program and would rather pay part of the fee in equity than cash. |
Control, your title, the large majority of the profits |
| Minority stake, you keep control | You need capital for a second location, a fleet, an acquisition or to buy out a partner, and you are not ready to sell. |
Day-to-day control and majority economics. Midnite takes a board seat. |
| Majority, you roll a piece | You want most of your money out now, a defined role for a year or two, and a second payday when the business is worth more. |
A meaningful piece of the company, a role you choose, a glide path |
| The whole company | You are ready to leave and want a permanent home for the business, your team and your name. |
The price, note income if you carry paper, a say in the transition |
Moving up the ladder is always your option, never a requirement. When Midnite holds a stake and later offers to buy more, the valuation formula is agreed in writing up front and we recommend you get an independent valuation before accepting.
How we structure
Terms built around what you need.
Price matters, and we pay fair prices. But in our experience the structure of a deal often matters more to a seller than the headline number. A seller note can turn a one-time check into years of interest income at rates better than a bank pays, and spreads your tax bill over those years instead of landing it all in one. An earnout can reward you for the growth you already set in motion. A staged transition can keep you involved on your own terms for a year or two instead of walking out on closing day.
We use seller financing, earnouts, assumable debt and SBA lending where the math works, and we are candid about which structures help you and which mostly help the buyer. If you carry a note, we underwrite it so the payments take no more than half of the business's monthly profit, which is how we make sure you get paid. Your attorney and CPA should be at the table for every version, and we encourage you to get an independent valuation before you accept any offer, including ours.
What happens to your people
Your team keeps their jobs. In most acquisitions we are hiring or promoting a general manager, not cutting staff. Every company Midnite buys receives the full Midnite consulting program and access to the same network of outside professionals our advisory clients use. We run a 120-day transition: the first month is about people and culture, the second about handing over relationships and know-how, the third about clean books, modern scheduling and billing, AI on the phones and in dispatch, and a simple dashboard, and the fourth about pricing and growth. Then we spend the rest of the first year building recurring revenue and a bench, so the business is less dependent on any one person, including the new owner.
Key employees typically see a stay bonus or a path to a bigger role. Customers see the same trucks, the same faces and better follow-up.
How a sale works
Four steps, no surprises.
Most sales take three to six months from first conversation to close. We move at your pace and tell you early if we are not the right buyer.
Conversation
Week 1
A thirty-minute call about your business, your timeline and what matters to you. No documents required.
Indication of value
Weeks 2 to 4
With three years of financials and a confidentiality agreement in place, we give you a written range and the structures we would consider.
Letter of intent and diligence
Weeks 5 to 12
Agreed price and terms, then a focused review of the books, customers, contracts and team. We work around your schedule and your staff.
Close and transition
Months 3 to 6
Closing, then a transition period designed with you, whether that is ninety days or two years.
Contact
Tell us about your business.
Even if you are a few years out. The best transitions start early, and if you are not ready to sell, Midnite Advisory can help you get the business ready in the meantime.