Our Work

Transactions

A selection of completed engagements spanning M&A advisory, ESOP transactions, management buyouts, and restructuring. Counterparty details are held in strict confidence.

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Sell-Side Advisory
Project Stratos
Preparing to launch a structured process in September 2026 for a founder seeking a strategic or financial partner to accelerate an already rapid growth trajectory.
Confidential
A South Florida-based supplier of aftermarket parts and components to the commercial aviation industry, recently expanded through the acquisition of an FAA-certified repair facility. The company has scaled rapidly since its founding, supported by an international distribution network spanning multiple regions, and is seeking a capital partner to fund larger-scale parts acquisitions and continue outpacing broader market growth. Crassus is preparing to bring the opportunity to market in the third quarter of 2026.
Aerospace & Defense  ·  Launching September 2026  ·  Confidential EBITDA
Sell-Side Advisory
Project Pristine
Currently out to market with a curated group of strategic and financial buyers, as the founder pursues a full exit ahead of retirement.
Confidential
A certified minority-owned commercial janitorial and facilities services provider operating across multiple states in the Northeast, built over four decades under founder leadership. The business generates the substantial majority of its revenue under multi-year institutional and government contracts, with strong customer retention and a meaningful near-term contract pipeline. Crassus is actively running a sell-side process for the company, currently out to market with qualified buyers.
Business Services: Janitorial & Facilities  ·  Out to Market  ·  2026  ·  ~$7M EBITDA
Sell-Side Advisory
Project Shine
Currently in active diligence with a shortlisted buyer following a competitive process, as a second-generation ownership group pursues a full exit from a turn-key, cash-flowing platform.
Confidential
A manufacturer and distributor of branded automotive aftermarket chemicals with an international customer base and a multi-decade operating history. The business has delivered steady, organic revenue and EBITDA growth with minimal reinvestment, supported by a highly diversified customer base and an experienced management team that runs day-to-day operations independently of ownership. Crassus is managing a structured sell-side process now in active diligence with a qualified buyer.
Industrial & Manufacturing: Chemicals  ·  In Diligence  ·  2026  ·  ~$4M EBITDA
Buy-Side Advisory
Project Forge
Completed a multi-year buy-and-build program for a PE-backed industrial services platform, closing all six targeted acquisitions and surpassing the platform's $50M EBITDA growth target.
$400M+ Deployed
Retained by a leading industrial services private equity platform to lead proprietary sourcing for its buy-and-build acquisition program. Crassus developed a systematic outreach program targeting independently owned industrial services businesses in adjacent markets, conducting owner outreach, managing relationship development, and advancing multiple targets to active diligence simultaneously. All six identified targets were successfully signed and closed within the pipeline. The platform grew from a single founding acquisition into a multi-regional business that surpassed $50M in EBITDA.
Industrial & Manufacturing: Buy-and-Build Platform  ·  February 2026  ·  $400M+ Deployed  ·  $50M+ EBITDA
Sell-Side Advisory
Project Clarity
Sold to a mission-aligned private equity partner following a 12-week process that generated 14 initial indications of interest and 5 final bids from leading healthcare-focused PE firms.
$72M
A multi-state behavioral health services company operating outpatient mental health, substance use disorder, and crisis stabilization programs across 22 locations. The founders had built the business over 16 years with a clear clinical mission and a strong management team in place. Crassus ran a targeted sell-side process focused exclusively on healthcare PE buyers with operational experience in behavioral health, ensuring that the mission and culture of the organization would be preserved under new ownership. The final partner was selected not just on price, but on alignment with the founders' vision for how the platform should grow. Founders received full liquidity and departed the business within 18 months post-close.
Healthcare & Life Sciences: Behavioral Health  ·  May 2025  ·  $72M  ·  $9M EBITDA
Restructuring & Advisory
Project Crest
Operational restructuring delivering $5.6M in EBITDA improvement over 18 months, positioning the business for a successful sale at 2.4x the pre-engagement valuation estimate.
Confidential
A multi-location residential services business (HVAC, plumbing, and electrical) that had grown rapidly through acquisitions but had not successfully integrated its operations. Margins had compressed significantly, customer satisfaction was declining, and the owner was considering a distressed sale. Crassus was engaged first as an advisory client. We redesigned the operational structure, implemented shared services across locations, renegotiated vendor contracts, and rebuilt the financial reporting infrastructure. Over 18 months, EBITDA improved from $2.1M to $7.7M. We then ran a sell-side process that closed at a premium valuation reflecting the newly demonstrated earnings power of the business.
Residential & Business Services: HVAC, Plumbing & Electrical  ·  March 2025  ·  $7.7M EBITDA
Sell-Side Advisory
Project Relay
Sold to a publicly traded strategic acquirer in a transaction that valued the business at 8.2x EBITDA, the highest multiple achieved in the seller's sub-sector in the prior 24 months.
$95M
A regional third-party logistics company with owned warehousing infrastructure, a fleet of 180 vehicles, and long-term contracts with Fortune 500 consumer products companies. The business had been on the market with a prior banker for 14 months without a close. Crassus was brought in to reposition the process. We re-ran a comprehensive CIM, rebuilt the financial model to better capture the true earnings power of the business, and re-approached the market with a targeted outreach to 22 strategic and financial buyers. The transaction closed within 7 months at a price 18% above the prior banker's highest offer.
Distribution & Logistics: Third-Party Logistics  ·  January 2025  ·  $95M  ·  $11.6M EBITDA
Management Buyout
Project Vertex
Advised the management team in acquiring the company from its founder, partnering with a growth equity firm to structure a leveraged buyout that gave management 35% ownership with minimal personal capital required.
$38M
A technology-enabled business process outsourcing company serving mid-size financial services clients. The founder, approaching his mid-60s, had identified his COO and CFO as the ideal successors but had no clear path to transition ownership. Crassus advised the management team, not the founder, structuring a management buyout in partnership with a growth equity firm that valued the business at $38M. Management contributed $1.2M personally in exchange for 35% equity ownership, with the remaining 65% held by the PE partner. The founder achieved a full liquidity event and remained as a non-executive advisor for 24 months post-close.
Technology & Tech-Enabled Services: Business Process Outsourcing  ·  October 2024  ·  $38M  ·  $6M EBITDA
Buy-Side Advisory · Add-On
Project Haven
Sourced and closed a proprietary add-on acquisition for a PE-backed home health platform, expanding it into 3 new states and adding $8M of EBITDA to the consolidated business.
$28M
Crassus was retained by a private equity-backed home health services platform pursuing a regional consolidation strategy in the Southeast and Mid-Atlantic. We identified a high-quality, independently owned home health and hospice provider operating in markets adjacent to the platform's existing footprint, and approached the owner prior to any formal process. Crassus managed the full buy-side transaction from introductory meeting through LOI, diligence, and closing. The acquisition was completed off-market at a price that reflected fair value for the seller and compelling economics for the buyer.
Healthcare & Life Sciences: Home Health & Hospice  ·  August 2024  ·  $28M  ·  $8M EBITDA
Sell-Side Advisory
Project Harvest
Sold to a nationally recognized strategic acquirer at a 31% premium to the seller's initial ask, following a structured competitive process with 8 qualified bidders.
$65M
A premium specialty food manufacturer with a nationally distributed brand, proprietary formulations, and a loyal customer base across natural and organic retail channels. Revenue had grown at a 22% CAGR over 5 years, and margins were expanding on the back of operational improvements Crassus had helped implement in the 18 months prior to the transaction. The CIM process generated significant strategic buyer interest, and the final purchase price reflected both the brand's current earnings power and its runway for continued growth under a larger platform. Founders exited fully at closing.
Consumer & Retail: Specialty Food Manufacturing  ·  May 2024  ·  $65M  ·  $8.5M EBITDA
ESOP Transaction
Project Terra
100% ESOP transition completed for founder approaching retirement, delivering full liquidity while preserving company independence and rewarding a 120-person team.
$45M
A founder-owned engineering and environmental consulting firm with 28 years of operating history, serving municipal, industrial, and commercial clients across the Southeast. The founder's primary objective was to reward his loyal employee base while achieving full liquidity and avoiding a sale to a financial buyer. Crassus structured a 100% ESOP transaction, arranged $32M in ESOP financing, and negotiated with the independent trustee on the founder's behalf, closing in under 90 days. The transaction qualified for IRC Section 1042 tax deferral, saving the seller approximately $6M in federal tax liability.
Business Services: Environmental Consulting  ·  March 2024  ·  $45M  ·  $7.5M EBITDA
Sell-Side Advisory
Project Apex
Sold to a leading industrial private equity firm following a competitive, six-week process that generated 11 indications of interest and 4 final bids.
$82M
A third-generation, family-owned precision components manufacturer serving the aerospace, defense, and automotive industries. The business had built 40 years of proprietary manufacturing know-how, long-term OEM customer relationships, and an exceptional safety and quality record. Crassus managed a full sell-side process, from CIM preparation through final closing, achieving a significant premium to the owner's initial valuation expectations. The seller retained a meaningful equity stake and remained as Chairman.
Industrial & Manufacturing: Precision Components  ·  January 2024  ·  $82M  ·  $10M EBITDA

The transactions described above represent illustrative examples of Crassus Partners engagements. Counterparty names and certain transaction details are omitted to preserve the confidentiality of our clients. Deal values, multiples, and outcomes are representative of the nature and scale of transactions we have completed. Past results are not necessarily indicative of future performance.