North American M&A Advisory · Lower Middle Market · $5M–$100M EV
Let us help you overshoot your goals.
Flatirons Capital Advisors is a North American mergers & acquisitions advisory firm focused exclusively on privately-held, lower middle-market companies — founders who spent years building something worth protecting. Denver · Dallas · Miami · Chicago · Milwaukee.
†PitchBook deal count · ‡Apollo firm profile · Founded 2014, Denver CO
▲ 52 deals · PitchBook-verified count
Front Range, Colorado · 39.7°N 105.3°W · named for the Flatirons
$100M$75M$50M$25M$5M
▲Axial Top 10 Investment Bank — 2022▲Axial Top 50 Software Advisors — 2023▲Axial Top Investment Bank — 2020▲Axial Advisor 100 — 2023▲NFPA Member▲Axial Advisor 100 — 2026▲Axial Industrials Top 50 — 2026▲Axial Top 10 Investment Banks — Q2 2026
INSTRUMENT 01 / 05 — LIVE MODEL
What is your company worth?
The Enterprise Valuation Modeler
Drag your TTM revenue, margin and sector multiple. The model prices your enterprise value range, applies real lower-middle-market fee structures, and shows what you'd net at close — before you ever pick up the phone.
EV (base) —Net to you —
Assumptions YOUR INPUTS
Trailing twelve months, $2M–$100M
After owner comp & add-back normalization, 10%–40%
Competitive processes push this up — 60–150 buyers creates the tension
Fee structure LMM STANDARD
Auction-premium case. Model a +15% competitive-process premium on enterprise value. (Illustrative scenario, not a projection.)
Enterprise value BUSINESS SERVICES
$15.1M
$12.9M$17.4M
Indicative range: base case ± 15% — where your deal lands is a function of process, not luck.
TTM EBITDA
$2.2M
Applied multiple
7.0×
Revenue multiple (impl.)
1.3×
EV sensitivity to applied multiple, 4×–12× — your multiple highlighted
Enterprise value ($M) — multiple × margin sensitivity
INSTRUMENT 02 / 05 — NDA REQUIRED
Private company sales, under cover
The Confidential Deal Vault
A cross-section of mandates patterned on our actual transaction history — home services, automotive, distribution, energy, healthcare. Financials stay blurred until you execute the preview NDA. Nothing is public for a reason.
All figures illustrative composites of verified transaction patterns · buyer names unlocked only post-NDA · stored locally in this preview build
Confidential Teaser
Project —
INSTRUMENT 03 / 05 — THE RECORD
52 deals served · PitchBook count
Tombstone Archive & Deal Ledger
Recent transactions carry verified names and dates — The Fire Group to FSS Technologies, World Resources Distribution to Lochland Partners, and more. Older ledger entries are illustrative composites of the firm's sector pattern, tagged as such. Click any tombstone for the deal story.
Flatirons Capital Advisors transaction ledger
Closed
Transaction
Sector
EV
Multiple
Buyer
Office
▲ = name & date verified (company site · PitchBook · Axial)Illustrative entries carry composite financials for pattern reference only
Deal Story
—
INSTRUMENT 04 / 05 — PROCESS DRIVEN
Strategic advice. Process driven.
The 8-Stage Sell-Side Lifecycle
A lower middle-market sale typically runs six to nine months start to signed. Every stage below expands — tasks, documents, who does what, where deals leak value. Drag the progress line to see where you'd stand.
60–150
Buyers contacted, LMM process
≈12
Indications of interest, typical
≈4
LOIs into the final round
6–9 mo
Engagement to funded close
Week 10 · IOI round · ~32% through process
Durations reflect typical LMM sell-side timelines (industry research). Task detail illustrative of the Flatirons hands-on method — a senior team member manages the entire process rather than delegating to a junior analyst.
INSTRUMENT 05 / 05 — COVERAGE
Do we have buyers for your company?
Buyer Universe Heatmap
A live composite of buyer appetite across North America — strategics, sponsors, family offices and search funds, indexed by sector and region. 150 illustrative profiles; real outreach runs 60–150 named parties under NDA per mandate.
Dot size = acquisition appetite. Profiles are anonymized composites — we never publish a named party pre-NDA.
BU-000
Illustrative coverage map · N. Americadot = buyer profile
THE FLATIRONS STANDARD
Senior hands on every deal. From first call to funded close.
"Unlike other firms, we ensure a senior team member manages the entire process rather than delegating to a junior analyst."
$5M–$100M
Enterprise value focus
$1M–$10M
Typical EBITDA band
5 offices
Denver · Dallas · Miami · Chicago · Milwaukee
Est. 2014
Denver, Colorado
/01
Exclusive focus on private businesses
We represent privately-held companies and the founders behind them — nothing else. That focus means we understand the specific challenges private business owners face: key-man risk, customer concentration, years of deferred compensation, and the emotional weight of selling what you built through hard work and sacrifice.
FOCUS — LOWER MIDDLE MARKET ONLY · $5M–$100M EV
/02
Hands-on, the entire process
Your engagement is guided by the same senior professionals from the first management meeting through the closing wire. No hand-off to a rotating analyst pool after the pitch. It's the difference between being represented and being processed.
Value isn't found — it's created. A curated universe of 60–150 qualified buyers, a disciplined IOI round, and a competitive final negotiation are what separate a signed LOI from an overshoot. Our process exists to manufacture exactly that tension, on your timeline.
Contract CFO work, growth strategy, financial modeling and market analysis sit inside the same firm as the M&A practice — so the company we take to market is the strongest version of your company. A comprehensive suite of resources means holistic solutions in an ever-changing landscape.
Comprehensive advisory for the lower middle market
What we do
Three practices, one mandate: protect what you've built and overshoot what you're owed for it.
01
Sell-Side Advisory
Our focus is helping you make the right strategic moves to protect what you've built through years of hard work and sacrifice — then getting it priced like it.
Private Company ExitsRecapitalizationsDivestituresProduct Line & IP SalesGenerational Transfers
If your organization is considering an acquisition, leveraged buyout, or joint venture & alliance, Flatirons can support the search and complete the full range of buy-side advisory services.
TYPICAL ENGAGEMENT Search through close Targets $5M–$100M EV Negotiation & structure
03
Strategic Consulting
Strategy and business-plan consulting from contract CFO to growth strategies and optimizations. We work with everyone from startups to Fortune 1000 public companies.
TYPICAL ENGAGEMENT Quarterly or project Pre-exit value building Startups → Fortune 1000
SECTOR COVERAGE
Where we know the buyers by name
▲ = active mandate flow
OUR PEOPLE — EXCELLENCE IS OUR FOUNDATION
The names on your engagement letter
Partner-led. Eleven deep. Five cities.
KW
Keith Wegen
President & Founder · Verified
As President & Founder, Mr. Wegen's principal activity is to direct the firm's M&A activities. He oversees the team, guides clients from engagement through the closing of each transaction, and personally manages select deals in addition to his executive management responsibilities. Led the Flatirons deal team on the recapitalization of OnePoint BPO Services.
kwegen@flatironscap.comCommunity — created Skate for Prostate, raising tens of thousands for prostate-cancer awareness
CS
Connor Slivocka
Managing Director · Verified
Connor has spent his career working with business owners and investors on growth strategy and M&A execution. At Flatirons he leads deal sourcing across home services, industrials, energy, technology and healthcare — the sectors where our mandate flow runs deepest.
Sourcing lead — Home Services · Industrials · Energy · Technology · Healthcare
The bench behind every mandate
Eleven professionals firm-wide — deliberately small, deliberately senior. When Flatirons takes your mandate, the people in the room at the pitch are the people running your diligence call at week sixteen. That is the entire model.
11
Professionals (Apollo)
$13.1M
Firm revenue (Apollo)
5
Office cities
2014
Founded, Denver CO
▲ Community — Skate for Prostate
Created by Keith Wegen, Skate for Prostate has raised tens of thousands of dollars for prostate cancer awareness. The firm that guards your life's work shows up for the community it lives in — Denver and beyond.
READY WHEN YOU ARE
Ready to discuss your options?
With an exclusive focus on private businesses, we understand the challenges private business owners face. Our hands-on approach ensures personalized attention through the entire process — whether you're selling, acquiring, recapitalizing, or just pricing the alternative.
Keith or Connor reviews your note personally — no intake team, no routing queue.
A 30-minute introductory call within one business day. Confidential, no obligation, no pitch deck unless you ask for one.
If there's a fit: an indicative valuation range and a plain-English engagement structure — retainer, work-product, success fee — before any paperwork.
Start a Conversation
PREVIEW BUILD — STORES LOCALLY, SENDS NOTHING
▲ Received.
Your note is logged in this preview build. In the live environment it routes directly to Keith Wegen and Connor Slivocka — expect a reply within one business day, or call 303.319.4540 now.
