THE TRUTH ABOUT THE PROCESS
Ownership transactions degrade decisions because of:
- Ambiguity around probabilities
Advisor incentives that are not fully aligned
Escalation of commitment
Mis-sequenced preparation
Irreversible commitments
This is standard — but not neutral.
Most sellers underestimate how early leverage narrows.
Expected Value = EBITDA × Multiple × Probability of Close.
Improving one variable helps.
Protecting all three requires structural clarity.
WHAT TODD ACTUALLY DOES
Todd reverse-engineered the M&A process after living deal after deal from inside the system.
He:
- Reconstructs financials to surface true EBITDA
Identifies normalization distortions before buyers do
Captures productivity shifts not yet reflected in statements
Evaluates buyer quality and fit
Anticipates retrade dynamics
Integrates across advisors
Oversees structure when needed
He is not:
- A broker
A transaction intermediary
A tactical negotiator
Paid based on deal completion
EXPERIENCE
- 30 years as owner and C-suite operator
Finance degree with systems analysis concentration
Served as founder’s “number two” across multiple industries
Rebuilt financial systems from chaos
Coordinated complex ESOP transactions
Worked across hundreds of transactions totaling $1B+ in cumulative exposure
Forensically reconstructed financials for seller advantage
Brought parties together when deals were near collapse
Speaker and published writer on the M&A process
Because he has lived inside the system, he sees where sellers lose value structurally — and where it can be preserved.
WHEN OWNERS ENGAGE
- An unexpected offer appears
Before hiring a banker
Advisor disagreement
Financials need normalization
Buyer quality is uncertain
Diligence risk increases
Co-owner alignment is unclear
Engagement is posture-based — not stage-based.
LIMITED SELLER-SIDE OVERSIGHT ENGAGEMENTS
For a limited number of engagements, Todd provides direct structural oversight through the transaction lifecycle — ensuring financial clarity, buyer quality, and leverage protection at each stage.
This is not long-term deal management.
It is structural protection.
Who this is for
- Structural clarity before irreversible commitments
An independent lens
Truth without theatrics
Protection of expected value
Who this is not for
- Someone to “run the deal”
Negotiation tricks
Guaranteed outcomes
Validation for a pre-made decision
Ready for A Conversation?
This is a limited-capacity practice. Todd works directly with each client.
If clarity may materially change your outcome, request a conversation.
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