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Acquisitions

November 25, 2025

How Much of Your Business Should You Sell? A Tier-by-Tier Breakdown

Matthew Wong

Introduction

NeoNox is a micro-private equity firm dedicated to acquiring and scaling lower-middle-market businesses. Our unique Tiered Acquisition Model and owner/operator approach allow founders to achieve liquidity while preserving their legacy.

Our Mission and Vision

Mission:
Build enduring value by acquiring and growing lower-middle-market businesses through a tiered acquisition strategy, an owner/operator model, and centralized support—preserving each company’s legacy while accelerating sustainable growth.

Vision:
To be the most trusted partner for owners, operators, and investors—building a resilient network of thriving, sustainable companies that honor their past and generate lasting value for all.

What Makes NeoNox Different

  • Tiered Acquisition Model: Flexible ownership from 1% to 100%, tailored to seller goals.
  • Owner/Operator Leadership: Real equity and hands-on management.
  • Centralized Back Office: Removes operational burden so operators focus on growth.
  • Legacy-First Growth: Prioritizing people, culture, and sustainable development over short-term gains.
  • Transparent Terms: Seller-friendly deals with performance-tied fees.

Tiered Acquisition Model (TAM)

Our TAM lets sellers choose their desired level of involvement, control, and liquidity. Each tier provides increasing levels of integration, guidance, and Back Office support.

Tier 1: Minority Partner (1–20%)

  • Seller Value: Access to NeoNox network, quarterly strategic reviews.
  • Control: Full operational control retained.
  • Back Office Services: Advisory services available a la carte.
  • Integration: Minimal; NeoNox monitors performance.

Tier 2: Growth Partner (21–40%)

  • Seller Value: Liquidity plus monthly guidance.
  • Governance: NeoNox board seat; quarterly Back Office support.
  • Integration: Light integration for finance, HR, and IT improvements.

Tier 3: Control-Leaning (41–60%)

  • Seller Value: Significant liquidity, minority retained stake.
  • Governance: Board majority for NeoNox, weekly updates.
  • Integration: Full embedded Back Office support and 100-day plan.

Tier 4: Majority Buy-in (61–80%)

  • Seller Value: Near-full liquidity; optional COO/advisor role.
  • Governance: Board majority held by NeoNox, strategic approvals required.
  • Integration: Complete Back Office integration, real-time KPIs, transformation initiatives.

Tier 5: Full/Near-Full Buyout (81–100%)

  • Seller Value: Complete exit or advisory transition.
  • Governance: Full NeoNox control; seller optional advisory role.
  • Integration: 100-day integration plan, synergy capture, and growth execution.

The Process: From Discovery to 100-Day Plan

  • Discovery (1 week): Confidential call, light data review.
  • Indicative View (1–2 weeks): Preliminary valuation and tier options.
  • Term Sheet (LOI): Select tier and preset terms.
  • Diligence (30–75 days): Quality of earnings, legal, tax, ops walkthroughs.
  • Closing: Funds flow, optional seller-financing.
  • 100-Day Plan: KPIs, reporting rhythm, cost and growth initiatives, and roll-up pipeline.

Conclusion

NeoNox combines quiet capital with hands-on operational support to deliver sustainable growth, preserve legacy, and create lasting value. Whether you’re a business owner, operator, or investor, NeoNox provides the tools, capital, and expertise to achieve your next chapter successfully.

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