Crassus Partners
Crassus Partners LLC describes itself as an independent boutique investment bank and M&A advisory firm focused on lower-middle-market businesses. Its stated services include sell-side and buy-side advisory, ESOP and management buyout advisory, consulting, exit preparedness, and restructuring. The firm identifies six core sectors and states that it is not a registered broker-dealer.
What stands out about Crassus Partners
Crassus Partners publicly focuses on lower-middle-market businesses and states criteria of $10M–$200M in annual revenue, $3M–$20M in EBITDA, and 15%+ EBITDA margin on its homepage; its M&A page states $3M–$25M in EBITDA. It offers sell-side, buy-side, ESOP, MBO, and special-situations advisory, and states that it is not a registered broker-dealer.[1][2][3][4][5][6][8][9]
What does Crassus Partners do?
Crassus Partners LLC describes itself as an independent boutique investment bank and M&A advisory firm focused on businesses generating $3 million to $20 million in EBITDA. The firm identifies offices in New York, Chicago, and Miami and states that its experience spans 45+ countries.[1]
Crassus Partners provides sell-side and buy-side M&A advisory, including CIM preparation, secure data-room creation, targeted partner outreach, negotiation, due diligence, and closing support. Its other stated services include financial consulting and analysis, finance and accounting stand-ups, ERP integrations, exit-preparedness playbooks, technology buildouts, operations management and analysis, risk and compliance, and business development.
The firm also offers ESOP advisory, including feasibility and structuring, financing coordination, independent-trustee coordination, valuation support, and seller negotiation. Its management buyout work covers transaction structuring, equity and debt sourcing, private-equity partner selection, negotiation, and closing. Restructuring and special-situations services include strategic-alternatives reviews, liability management, distressed M&A, and stakeholder advisory.[2][3][4][5][6]
Owners comparing advisory firms can also review Auxo’s M&A advisor vs. business broker vs. investment bank comparison, advisor-selection guide, and sell-side advisor evaluation framework.
What should a business owner evaluate before hiring Crassus Partners?
An owner evaluating Crassus Partners should compare the contemplated company with the firm’s published revenue, EBITDA, margin, sector, and transaction criteria, noting that the homepage and M&A page state different EBITDA ranges. The firm’s stated non-broker-dealer status also makes it appropriate to clarify the legal entity signing the engagement, compensation arrangements, the activities Crassus will perform directly, and whether any registered broker-dealer or other regulated provider will be involved. Owners may also wish to request comparable examples by sector, EBITDA, geography, and transaction structure and clarify conflicts, exclusivity, referral relationships, and expected owner or management involvement.[2][8][9][10]
What legal entity will sign the engagement letter and receive fees
Given the firm's stated non-broker-dealer status, which activities will Crassus perform directly and which, if any, will be performed by a registered broker-dealer or other regulated provider
What size transactions and clients does Crassus Partners focus on?
Crassus Partners identifies six core sectors: Industrial & Manufacturing; Consumer & Retail; Technology & Tech-Enabled Services; Residential & Business Services; Healthcare & Life Sciences; and Distribution & Logistics.[7]
The official transaction archive identifies several illustrative engagements. Project Forge is described as a completed multi-year buy-and-build program for a PE-backed industrial-services platform, with $400M+ deployed and a $50M+ EBITDA growth target, dated February 2026. Other archive entries include Project Clarity, a healthcare behavioral-health sell-side transaction valued at $72M with $9M EBITDA, dated May 2025; Project Relay, a third-party logistics sell-side transaction valued at $95M with $11.6M EBITDA, dated January 2025; and Project Vertex, a management buyout valued at $38M with $6M EBITDA, dated October 2024.
The archive also identifies Project Haven, a proprietary add-on acquisition for a PE-backed home-health platform valued at $28M with $8M EBITDA, dated August 2024, and Project Harvest, a specialty-food sell-side transaction valued at $65M with $8.5M EBITDA, dated May 2024.[9]
The firm publicly describes both sell-side and buy-side M&A advisory. Its stated transaction work includes preparation and buyer or partner outreach for sellers, as well as proprietary deal origination, target identification and screening, management introductions, LOI negotiation, diligence coordination, and transaction support for buyers. The firm also identifies ESOP transactions, management buyouts, buy-and-build programs, strategic acquirers, restructuring, and distressed M&A among its areas of work.[2][4][5][6][10]
What does Crassus Partners publicly disclose about fees, process and engagement terms?
The official transaction archive states that counterparty names and certain transaction details are held in strict confidence. It also states that transaction descriptions are illustrative and that deal values, multiples, and outcomes are representative of the nature and scale of completed engagements. The archive further states that past results are not necessarily indicative of future performance.[9]
Crassus Partners LLC states on its Mergers & Acquisitions page that it is not a registered broker-dealer. The sources cited for this profile do not establish broader claims about investment-adviser registration or other regulatory status.[2]
Crassus Partners states that sell-side engagements can begin when an owner is six months or three years away from a transaction. Its described process includes discovery, financial review, CIM preparation, buyer outreach, negotiation, due diligence, and closing support.[2][10]
Questions to ask before hiring Crassus Partners
What legal entity will sign the engagement letter and receive fees?
How is the firm compensated, including any success fee, retainer, minimum fee, tail period, expense reimbursement, or termination fee?
Given the firm's stated non-broker-dealer status, which activities will Crassus perform directly and which, if any, will be performed by a registered broker-dealer or other regulated provider?
Which recent transactions are directly comparable by sector, EBITDA, geography, and transaction structure?
What buyer conflicts, exclusivity arrangements, or referral relationships exist?
Sources & research notes
- Official website / firm overview
- Services / capabilities
- Services / capabilities
- Services / capabilities
- Services / capabilities
- Services / capabilities
- Industry / market focus
- Transaction size / criteria
- Transaction / portfolio evidence
- Public Process
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
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