Business Valuation Services for Owners

Understand what your company is worth today, and what can change that number before a transition. Middle-market value comes from one equation: adjusted EBITDA multiplied by a valuation multiple. Most founders work on the earnings. Buyers spend just as much time on the multiple, and two companies with identical EBITDA routinely sell three turns apart. Exit Boston values the business the way an investment committee will, then identifies which drivers are holding your multiple down and what it takes to move them.

Advisors reviewing business valuation reports

Our Business Valuation Services

Advisory services that clarify value drivers, improve buyer readiness, and support informed ownership-transition decisions.

Value Driver Diagnostic

Our Seven Pillars diagnostic scores owner independence, management depth, financial clarity, margin quality, recurring revenue, operating infrastructure, and growth pathways, then ranks the gaps by how much each is costing your multiple.

Buyer Value Positioning

We combine industry research, precedent transactions, competitive analysis, and buyer profiling to establish the multiple range qualified private equity, strategic, and family office buyers are realistically applying to companies like yours.

Shareholder Advisory

Receive strategic guidance for internal ownership transitions, succession planning, and corporate restructuring, with attention to transaction structure, shareholder objectives, and the financial considerations behind a successful transfer.

What Sets the Multiple

Two Numbers, Not One

A meaningful valuation is not a formula applied to last year's earnings. Enterprise value is adjusted EBITDA multiplied by a multiple, and the multiple is where the real variance sits. A company at $4 million of EBITDA valued at 5x is worth $20 million; the same earnings at 8x is worth $32 million. That $12 million gap is not an accounting difference. It is what buyers pay for durability, management depth, revenue visibility, and a credible growth path. Exit Boston examines both halves of the equation and reports which one is costing you money.

Advisor explaining valuation drivers to business owner
The Exit Boston Difference

Why Choose Exit Boston?

Institutional rigor and founder-focused perspective in every valuation conversation.

Valuation Depth

CPA-led analysis of adjusted EBITDA, add-backs, and normalizations, built to survive a Quality of Earnings review.

Deal Experience

Our leadership has supported 50-100 closed middle-market transactions across more than two decades.

Buyer Perspective

We value the business the way an investment committee will, before one ever opens your financials.

Multiple, Not Just EBITDA

Earnings are half the equation. We report which drivers are holding your multiple below its potential.

Meet the Exit Boston Team

Experienced advisors focused on founder-led middle-market transitions.

Portrait of Rick McDonald, Founder and Managing Director of Exit Boston

Rick McDonald

Founder & Managing Director

Rick McDonald is the Founder and Managing Director of Exit Boston, a New England middle-market M&A advisory firm headquartered in Danvers, MA. With more than two decades of active deal advisory work, Rick has been directly involved in 50 to 100 closed middle-market transactions, guiding founders and private business owners through company sales, recapitalizations, and strategic transitions. His deep expertise spans business valuation, institutional buyer readiness, and deal structuring tailored to each founder's financial goals and legacy objectives. Beyond his advisory practice, Rick serves as an Adjunct Professor of Finance at Endicott College, reflecting his commitment to sharing knowledge across the financial community. His leadership has earned Exit Boston national recognition, including a top-ten ranking among U.S. M&A advisory firms by Axial.

Portrait of Sevan Demirdogen, Partner at Exit Boston

Sevan Demirdogen

Partner

Sevan Demirdogen is a Partner at Exit Boston, bringing over 40 years of executive leadership experience managing domestic and international businesses across multiple industries. His distinguished career includes serving as CEO and Board Member of Kano Laboratories, President and Executive Vice President of Scapa Group plc, and senior leadership roles at Illinois Tool Works. Sevan's deep operational background and boardroom experience provide Exit Boston's clients with invaluable insight into what institutional buyers look for in acquisition targets. His perspective helps founder-led businesses identify and address operational gaps, strengthen management structures, and position themselves for premium valuations. Sevan's global experience across North America and international markets makes him a trusted advisor for business owners navigating complex strategic transitions.

Portrait of Steve Vesey, Co-Founder of Exit Boston

Steve Vesey

Co-Founder

Steve Vesey is Co-Founder of Exit Boston and a seasoned CPA with over 40 years of accounting and financial advisory experience. He has dedicated more than 25 years to preparing business valuations and has assisted hundreds of business owners with succession planning and exit strategy development. Steve's deep expertise in business valuation and exit planning forms a critical foundation of Exit Boston's advisory approach, ensuring that every engagement is grounded in rigorous financial analysis and a clear understanding of value drivers. His ability to assess a business through the eyes of both an accountant and a strategic advisor helps founders understand their true market value and identify opportunities to maximize their outcome prior to a sale or transition.

Portrait of David Hockley, Partner at Exit Boston

David Hockley

Partner

David Hockley is a Partner at Exit Boston and a serial entrepreneur and operator with over 15 years of experience scaling high-growth businesses across Europe, North America, Asia, and the Middle East. Having personally driven more than $300 million in sales throughout his career, David brings a rare combination of entrepreneurial hustle and institutional discipline to every client engagement. He specializes in scaling founder-led businesses, preparing companies for strategic exits, and improving institutional buyer readiness. David's firsthand experience building and exiting businesses across diverse geographies gives him a unique ability to empathize with founders while providing the strategic clarity needed to attract competitive acquisition offers from private equity firms, strategic acquirers, and family offices.

Portrait of Mike Camarro, Business Development Officer at Exit Boston

Mike Camarro

Business Development Officer

Mike Camarro serves as Business Development Officer at Exit Boston, where he leverages a strong financial background to support client acquisition and advisory engagements. A former controller and CFO, Mike has extensive experience across retail, distribution, technology, and wealth management industries. He has led finance and accounting teams through the rigors of acquisition due diligence and post-acquisition integration, providing him with practical insight into what buyers scrutinize during a transaction. Mike began his career as an auditor at Coopers & Lybrand, building a disciplined financial foundation that informs his work with founder-led businesses today. His ability to bridge finance, operations, and business development makes him a valuable resource for founders preparing for institutional-quality exits.

Portrait of Laura, Senior Research Analyst at Exit Boston

Laura

Senior Research Analyst

Laura serves as Senior Research Analyst at Exit Boston, playing a vital behind-the-scenes role in every client engagement. She is responsible for delivering comprehensive middle-market industry analysis, competitive landscape mapping, buyer universe identification, precedent transaction research, and target buyer profiling. Her work ensures that Exit Boston's deal strategies are informed by current market intelligence and grounded in a thorough understanding of each client's industry and competitive position. By identifying and profiling the most qualified and motivated buyers for each transaction, Laura helps the firm create the competitive tension necessary to achieve premium acquisition outcomes for the founders it serves.

Portrait of Abbey, Chief of Staff and Administrative Director at Exit Boston

Abbey

Chief of Staff & Administrative Director

Abbey serves as Chief of Staff and Administrative Director at Exit Boston, where she is the organizational backbone of the firm's day-to-day operations. With two decades of experience across financial services administration, executive operations, and client engagement management, Abbey brings exceptional professionalism and attention to detail to every interaction. She coordinates client communications, manages engagement pipelines, oversees deal timelines, and ensures the seamless flow of document workflows and client deliverables throughout each transaction. Her deep experience in financial services environments means she understands the sensitivity and precision required in M&A engagements, making her a trusted point of contact for clients navigating complex and high-stakes business transitions.

Portrait of Thor, Director of Transaction Marketing and Investor Relations at Exit Boston

Thor

Director of Transaction Marketing & Investor Relations

Thor serves as Director of Transaction Marketing and Investor Relations at Exit Boston, where he leads the development and execution of the firm's confidential transaction marketing materials. His work includes crafting confidential information memoranda, executive teasers, investor presentations, and institutional transaction marketing campaigns tailored to the specific acquisition criteria of qualified buyers. Thor's expertise in presenting founder-led businesses in an institutional light is central to Exit Boston's ability to attract serious, competitive interest from private equity firms, strategic acquirers, and family offices. His materials are designed to communicate each company's investment thesis with clarity and precision, helping to create the competitive buyer tension that drives premium valuations for the firm's clients.

Portrait of Finn, Assistant Director of Financial Analysis at Exit Boston

Finn

Assistant Director of Financial Analysis

Finn serves as Assistant Director of Financial Analysis at Exit Boston, providing critical analytical support across the firm's deal advisory engagements. His responsibilities span financial management, cash operations, financial modeling, accounting, and deal advisory analysis, ensuring that each transaction is supported by rigorous and accurate financial work product. Finn's contributions are essential to the preparation of the detailed financial analyses that underpin Exit Boston's valuation work and buyer-facing materials. His attention to detail and commitment to financial precision help ensure that every engagement reflects the institutional-quality standards that the firm's clients expect and that serious buyers demand. Finn plays an important role in supporting the firm's mission of preparing founder-led businesses for premium acquisition outcomes.

Frequently Asked Questions

What are the top 3 valuation methods?

Middle-market transactions are usually framed three ways. The market approach applies a multiple drawn from comparable company sales, and is what most buyers actually use. The income approach discounts projected cash flows to present value, suiting businesses with predictable earnings. The asset approach values the balance sheet, and is generally a floor rather than a fair reflection of an operating company. In practice a buyer starts with adjusted EBITDA times a multiple, then tests that against the other two.

How is enterprise value actually calculated?

What is adjusted EBITDA and why does it matter?

Why do similar companies sell at different multiples?

What does a business value consultant do?

Who can perform a business valuation?

What information is needed for a valuation?

Can I improve my business valuation before selling?

When should I begin valuation and exit planning?

Is a business valuation confidential?

Still Have Questions About Value?

Speak confidentially with advisors about your company and transition priorities.

Recognized M&A Leadership

Awards and Recognition

2024 Axial Top Advisor recognition

2024 Axial Top Advisor

Ranked #1 in Massachusetts and #10 nationally.

2025 Axial industry award recognition

2025 Axial Industry Award

Top food and beverage M&A firm recognition.

2026 Axial Advisor 100 recognition

2026 Axial Advisor 100

Recognized among leading U.S. M&A advisors.

Start With a Confidential Conversation

Share your goals and timing. We respond within one business day, including an initial read on your likely multiple range.

Contact Us Today

For immediate assistance, feel free to give us a direct call at 617-EXIT-111 (617-394-8111). You can also send us a quick email at info@exit-boston.com.