TKO Miller

What TKO Miller does

TKO Miller, LLC is an independent, advisory-focused middle-market investment bank founded in 2016 and headquartered at 788 North Jefferson Street in Milwaukee, Wisconsin. The firm provides M&A and financial advisory services — sell-side advisory, buy-side advisory, management buyouts, recapitalizations, debt capital assistance, and consultation services — to family-owned, founder-held, and private-equity-owned businesses across the United States and Canada. Coverage is organized across five industry verticals: Diversified Industrial Manufacturing, Technology & Tech-enabled Services, Paper/Plastic/Packaging, Scaffolding & Construction Services, and Consumer Products/Food & Beverage.

The firm operates a relationship-driven, professional services business model with no proprietary technology platform; revenue is generated through transaction success fees and retainers negotiated on a mandate-by-mandate basis. Its "product" is banker judgment, buyer/seller network access, and transaction execution, supported by a content funnel that includes the Deal Team Six podcast, a blog, and an eBook library targeted at owner-operators contemplating a sale. Co-Founder and Managing Director Tammie Miller leads a team that has closed more than 500 transactions totaling $10.6B in cumulative deal value, with senior bankers holding prior roles at Grace Matthews, Corporate Financial Advisors, Alex. Brown & Sons, Kidder Peabody, Lehman Brothers, PwC, and operating roles at Intel, Raychem, and Sony. The firm is privately held by its working partners with no institutional or PE ownership and a single $2.78M funding event on record in September 2023.

Name

TKO Miller

Legal name

TKO Miller, LLC

Website

https://tkomiller.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

11–50 employees

Short description

TKO Miller is an independent, Milwaukee-based middle-market investment bank founded in 2016 that provides sell-side, buy-side, MBO, recapitalization, and debt advisory services to family-owned and founder-held businesses across the U.S. and Canada.

Ownership category

akta.pro rank

Product category

Middle Market Investment Banking & M&A Advisory

NAICS

Miscellaneous Intermediation (523910), Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Sell-Side M&A Advisory (FSAEAGAA)

akta.pro secondary industries

Buy-Side Search & Acquisition Advisory (FSAEAIAD), Mid-Market Buyout (FSANABAB), Fairness Opinions & Independent Financial Advice (BPAHAOAF)

Keywords

• Middle market investment banking
• Mergers and acquisitions advisory
• Sell-side advisory services
• Buy-side advisory services
• Management buyout advisory

Headquarters

HQ city

Milwaukee

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. M&A Advisory Services: TKO Miller generates revenue through providing merger and acquisition advisory services including sell-side advisory, buy-side advisory, management buyouts, recapitalizations, and debt capital assistance. The firm acts as exclusive investment banking advisor for transactions, earning success fees or retainers typical of middle market investment banks.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels7 records

Core offering

TKO Miller is an independent middle market investment bank providing merger and acquisition advisory services to family-owned and founder-held businesses. Its core offerings include sell-side advisory, buy-side advisory, management buyouts, recapitalizations, debt capital assistance, and pre-sale consultation services, delivered primarily across manufacturing, packaging, consumer products, industrial services, and technology-enabled services sectors in the United States and Canada.

Product overview

TKO Miller is an independent, advisory-focused middle market investment bank offering a unified suite of M&A advisory services rather than a software product. The firm's service offerings include Sell-Side Advisory, Buy-Side Advisory, Management Buyout Services, Recapitalizations, Debt Capital Assistance, and Consultation Services. These services are delivered across five industry verticals: Diversified Industrial Manufacturing, Technology & Tech-enabled Services, Paper, Plastic & Packaging, Scaffolding & Construction Services, and Consumer Products, Food & Beverage. The firm also offers educational content through its Deal Team Six Podcast. Founded in 2016 and headquartered in Milwaukee, WI, TKO Miller specializes in serving family-owned and founder-held businesses with over 135 years of collective transaction experience across more than 500 closed transactions totaling $10.6 billion in transaction value.

Differentiator

Problem solved

Functional benefit

Brands

• Deal Team Six Podcast®: A mergers and acquisitions podcast created specifically for family- and founder-held business owners contemplating a sale of their company.

Products and services

• Sell-Side Advisory M&A advisory engagement in which TKO Miller represents the seller (typically a family-owned or founder-held business) through valuation, buyer identification, marketing, negotiation, and closing. Targeted at owners planning a sale of a middle market company in manufacturing, packaging, consumer products, industrial services, or related verticals.
• Buy-Side Advisory M&A advisory engagement in which TKO Miller represents a strategic or financial buyer seeking to grow via acquisition, reduce exposure to industry cycles, or pursue add-on/platform deals. Includes target identification, valuation, deal structuring, and negotiation.
• Management Buyout Services Advisory service that guides executives, consultants, and sales leaders through management buyouts, helping them purchase the business they operate. Covers valuation, financing, structuring, and negotiation with current owners.
• Recapitalizations Advisory service assisting owners in monetizing a portion of their equity through partial sales or recapitalization events while retaining operational control and upside. For business owners looking to capitalize on built-up equity without a full exit.
• Debt Capital Assistance Debt financing advisory that leverages TKO Miller's lender relationships to help business owners secure financing arrangements previously outside their reach. Typically accompanies M&A transactions or recapitalizations.
• Consultation Services Pre-sale advisory engagement where TKO Miller performs diagnostic consultations to identify operational, financial, or market challenges in a business and reposition them as value-creation opportunities ahead of a sale.

Quantifiable outcome

• 500+ successfully closed transactions demonstrating deep M&A experience for clients
• +2 more outcomes

Named customers10 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Grace Matthews: Independent, advisory-focused middle-market investment bank based in Milwaukee, serving industrial, consumer, and packaging sectors. Direct peer — same geography, similar service mix, and several TKO Miller team members (Tammie Miller, Nick Kozik) previously worked there.
• Capstone Partners: Middle-market investment banking advisory firm with deep coverage of industrial, business services, and consumer sectors. Comparable in deal size band ($10M-$500M), service offering (sell-side, buy-side, recap), and target client profile (privately-held businesses and PE groups).
• Lincoln International: Global middle-market investment bank specializing in M&A advisory across industrials, packaging, consumer, and business services. Comparable transaction-size band and sector mix; broader geographic footprint and larger deal team, but directly competes for sell-side mandates in TKO Miller's verticals.
• Generational Equity: Large middle-market M&A advisory firm focused on selling private, family-owned businesses with revenues of $10M-$250M. Direct peer — same client segment (family/founder-held businesses) and similar sell-side orientation, though larger and more volume-driven.
• Brown Gibbons Lang & Company: Independent middle-market investment bank with M&A advisory across industrial, consumer, and business services. Comparable deal size, target profile (family-owned and PE-backed), and service offering.
• Sun Mergers & Acquisitions: Middle-market M&A advisory firm focused on lower-middle-market and family-owned businesses. Overlapping client profile and deal-size band; competes for sell-side mandates in similar industrial and consumer sectors.
• Livingstone Partners: Global middle-market M&A advisor with strength in industrial, packaging, and business services. Comparable target client (family-held and PE-backed middle-market companies) and deal-size band.

Broad incumbents

• Robert W. Baird & Co. (Global Investment Banking): Large, diversified financial-services firm with a sizable middle-market M&A advisory practice based in Milwaukee. Overlaps with TKO Miller in geography, sector focus (industrial, consumer, packaging), and client profile, but is a much larger full-service institution with capital-markets capabilities TKO Miller does not offer.
• William Blair & Company: Mid-sized investment bank with active middle-market M&A practice serving family-owned, founder-held, and PE-backed businesses across industrials and consumer. Comparable client segment but a broader full-service platform (equity research, capital markets).

Others

• Benford Capital Partners: Lower-middle-market private equity firm investing in industrial, consumer, and business-services companies across the U.S. Listed as a buyer in TKO Miller's closed transactions (acquired Legacy Bakehouse). Functionally a transactional counterparty and recurring buyer-side relationship rather than a competitor.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/tkomillerllc
• YouTubeyoutube.com/@tkomillerinvestmentbanking2219
• Facebookfacebook.com/tkomillerinvestmentbank
• LinkedInlinkedin.com/company/tko-miller
• Instagraminstagram.com/tkomillerllc

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TKO Miller