The model

Five tiers, one dial:
from full control to full liquidity.

Sell between 10% and 100% of your company. Each tier trades a little more liquidity for a little more of our involvement — and every term, fee, and multiple is on this page, not on page 47.

Minority Partner

A light-touch minority stake. You stay fully in the driver’s seat; we bring capital, a network, and quarterly strategic reviews — nothing you didn’t ask for.

Best for: Owners who want partial liquidity or a strategic partner on call — without giving up an inch of control.

Is this my tier? →

Tier 1 — Minority Partner value exchange
Liquidity	Cash out 10–20% of your company at close.
Control & board	You keep full operational control. NeoNox takes one board observer seat with quarterly financial reporting.
Meeting cadence	Quarterly board and operations review.
Back-office scope	Advisory access on request — accounting review, pricing, hiring help — scoped as individual projects.
Integration depth	Minimal. We monitor performance; your systems stay yours.
Fee structure	None until milestones you agree to in writing. Guidance before that is complimentary.
Typical multiple	Market rate for your size and sector — the lower-middle-market base is 2–4× EBITDA; some industries trade above it, some below.
Your role after	You remain the owner-operator. Nothing about your day changes.

Tier 2 — Growth Partner value exchange
Liquidity	Cash out 21–40% of your company at close.
Control & board	You remain CEO and majority owner. NeoNox holds one full board seat with monthly reporting.
Meeting cadence	Monthly operations review plus quarterly board meeting.
Back-office scope	Standing access to the NeoNox back office — finance, HR, IT, compliance — deployed on selected projects.
Integration depth	Light: shared data room, board reporting pack, KPI dashboard setup.
Fee structure	Performance-triggered and capped; scoped project fees only when you commission work.
Typical multiple	Base rate ~2.5–4× EBITDA, adjusted for your industry’s norms.
Your role after	You remain CEO and decision-maker, with a partner carrying part of the load.

Tier 3 — Control-Leaning value exchange
Liquidity	Cash out 41–60% — significant liquidity while keeping meaningful upside.
Control & board	NeoNox appoints the majority of board seats. Major decisions are shared; daily operations stay with management.
Meeting cadence	Weekly operations call plus monthly board meeting.
Back-office scope	Embedded: our team takes over accounting close, FP&A, HR administration, and IT security.
Integration depth	A 100-day plan co-developed with you: pricing, reporting rhythms, quick-win cost and growth initiatives.
Fee structure	Performance-linked management fee, capped, with milestones published in the term sheet.
Typical multiple	Base rate ~2.5–3.5× EBITDA, adjusted for your industry’s norms.
Your role after	You may remain CEO, or shift to president/advisor as the second line develops.

Tier 4 — Majority Partner value exchange
Liquidity	Cash out 61–80% with substantial proceeds at close.
Control & board	NeoNox holds board majority and leads strategy; weekly management reviews keep you as involved as you want to be.
Meeting cadence	Weekly operations meetings; monthly board sessions.
Back-office scope	Full integration: day-to-day accounting, HR, IT, compliance, and procurement run through NeoNox.
Integration depth	A 100-day transformation plan executed by NeoNox, including roll-up and bolt-on opportunities.
Fee structure	Included in the operating model; disclosed line-by-line before signing.
Typical multiple	Base rate ~2–3× EBITDA, adjusted for your industry’s norms.
Your role after	Your choice: stay as COO or advisor, transition gradually, or step away.

Tier 5 — Full Buyout value exchange
Liquidity	Full or near-full liquidity (81–100%), with optional seller financing or earn-out for added upside.
Control & board	NeoNox assumes full control. An advisory board seat stays open to you if you want it.
Meeting cadence	Daily involvement during transition, tapering to the schedule you choose.
Back-office scope	Total integration of back office and transformation capability.
Integration depth	The 100-day plan emphasizes continuity first — team, customers, culture — then growth.
Fee structure	Not applicable to you post-close; all terms fixed in the purchase agreement.
Typical multiple	Base rate ~2–3× EBITDA, sector-adjusted — with structure levers to raise total proceeds.
Your role after	Optional transitional assistance — typically 3–12 months — then it’s your time.

The honest trade

Every deal balances price and terms.
We just say it out loud.

“Your price, my rules.”

Want a higher multiple than the market suggests? You can have it — paired with tighter terms: an earn-out, seller financing, or stronger governance rights for us. You capture the number; we protect the risk.

“My price, your rules.”

Prefer maximum autonomy and a faster, cleaner close? Take the market rate — the lower-middle-market base is 2–4× EBITDA, adjusted for your industry — and keep looser terms, lighter governance, and more of the upside you create.

Why do small-business multiples cluster around 2–4×? Size, key-person risk, and the hands-on work after close. That's the base rate, not a ceiling — recurring-revenue and licensed-sector businesses often trade above it; capital-heavy or project-based work below. What moves your number up inside any sector: a strong second line of leadership, diversified customers, and clean financials — the same things our assessment scores.

The process

First conversation to first 100 days.

01 Week 1

Discovery Confidential. Focused. Aligned.

A private, no-obligation conversation about your business, your objectives, and how involved you want to stay. We ask for light documentation — P&L, AR/AP summary, org chart — to form an initial view.

Absolute confidentiality under NDA
A direct line to decision-makers, not intermediaries
A clear outline of next steps and required data

02 1–2 weeks

Indicative View Data meets direction.

We normalize your EBITDA, review fundamentals, and prepare an indicative valuation range with the tier structures that best fit your goals — summarized in one dashboard of control, liquidity, and integration options.

A preliminary value range and EBITDA normalization summary
Side-by-side insight into Tier 1–5 outcomes
Strategic feedback on your growth levers

03 Tier selection

Term Sheet Your deal, your design.

A non-binding letter of intent with three customizable paths — Conservative, Standard, Aggressive — so you balance valuation, governance, and timing on your terms.

Clearly defined structure, price range, and control rights
A side-by-side tier comparison table
An optional walkthrough of every trade-off

04 30–75 days

Diligence Proof through process.

Thorough but efficient: quality of earnings, legal and tax review, and a working session on operations, culture, and compliance. You also preview our back-office systems.

A secure, organized data room
A transparent checklist of deliverables and owners
Weekly touchpoints on findings — no surprises

05 Execution

Closing Liquidity with clarity.

We finalize documents, coordinate funds flow, and build the communication plan for staff, customers, and partners. Optional seller financing can improve tax treatment and total proceeds.

Funds disbursement summary and closing memo
A communication plan for your people
A transition calendar with defined roles

06 First 100 days

The 100-Day Plan Execution, measured.

Together we implement the growth and efficiency plan: KPIs, reporting rhythms, cost and growth initiatives — and, where relevant, bolt-on acquisition targets in your sector.

A published roadmap with milestones and owners
Back-office integration support — finance, HR, IT, compliance
KPI dashboards and performance scorecards

Transparency

Every term. Every fee. In plain sight.

Fees only when you win

Management fees activate only at milestones we agree to in writing — objective, measurable, capped. Until then, guidance is complimentary.

Trade-offs, defined by you

Higher valuation with structured terms, or more autonomy at a market multiple. The lever is yours; both positions are priced openly.

Real-time dashboards

Revenue, EBITDA, and initiative progress published weekly or monthly by tier — both sides see the same numbers at the same time.

Fig. 04 — The fee architecture

Activation: Fees switch on only after milestones we agree to in writing — for example, revenue clearing $1M, growth sustaining 15%+, or margins reaching 15%. Until then, guidance is complimentary.
Structure: A modest base retainer plus a small performance component tied to the results we actually drive — a low single-digit share of revenue or EBITDA growth, set per deal.
Ceiling: Hard-capped at $250K per year or 10% of EBITDA — whichever is lower. The cap is in the term sheet, not a side letter.
Fee holiday: If performance dips below the agreed thresholds, fees pause until it recovers. We don't get paid for a bad year.
Exit credit: Hit the KPI targets and 50% of every management fee you've paid is credited back to you at exit. Our fees are designed to be earned twice — once when we deliver, and again when you cash out.

Find your tier → Ask us anything

Committed capital — proof of funds on request
NDA before any documents change hands
Texas-based, buying nationwide

Five tiers, one dial: from full control to full liquidity.