The Rinnaird Exit · Manufacturing & Industrial

A buyer is asking about your business. What you do before you answer decides what you keep.

The Rinnaird Exit is a buyer-proof private sale process for owner-operated manufacturing and industrial businesses — built for the owner with an offer at the door and nobody on his side of the table. Never publicly listed. Run by the person who's sat on the buyer's side.

20 yrs
Operating manufacturing businesses, plant floor to president
$1.8M
P&L turnaround delivered at one plant in under 12 months
2 deals
Acquisitions closed and integrated as the buyer
$5M+
Documented financial impact in the most recent presidency
The Trap

Two offers in hand is not a market. It's two buyers each hoping the other doesn't exist.

Sellers who go to the table with an adviser earn 6–25% more than sellers who go alone — that's a published academic finding across 4,468 private-company sales, not a sales pitch. Of deals over $5M that closed, 83% had three or more offers. The money is lost in four specific places:

The unsolicited-offer trap

A buyer who approaches you directly prices your business expecting no competition. Their first number is not their best number — but you can't prove it alone.

Missed add-backs

Owner compensation, one-time costs, and personal expenses buried in the P&L understate your true earnings — and every missed $100K is roughly $450K of price at manufacturing multiples.

The diligence retrade

The price at the letter of intent is not the price an unprepared seller gets at closing. Buyers cut it when diligence finds surprises — owner dependence, concentration, inventory.

Deal structure

Working-capital pegs, earnouts, and transition terms are negotiated against buyers doing their tenth deal. Six-figure swings live in these clauses alone.

Sources: Agrawal, Cooper, Lian & Wang, Quarterly Journal of Finance; IBBA / M&A Source Market Pulse Q1 2026; manufacturing multiple ranges per published 2026 industry guides.

The Process

The Rinnaird Exit: five components, one job — a sale that holds its price.

A private, competitive sale process run end to end by one person — the principal — for owner-operated manufacturing businesses. Your business is never publicly listed anywhere. Every buyer approach is anonymized and under NDA, and you approve every name before your identity is released.

01

The Real Number

Your earnings recast the way buyers actually read them — add-backs found and documented, a valuation range, any offer in your hand graded against it in writing, and the number that matters most: what you'd actually keep, modeled with your CPA before anyone negotiates anything.

02

Diligence Armor

The data room built to a buyer's diligence standard before any buyer sees anything — by someone who has run buyer diligence. Owner dependence and customer concentration found, addressed, and narrated on your terms instead of discovered on theirs. This is where the post-LOI price cut goes to die.

03

The Private Market

A ranked map of real buyers — strategics, PE add-ons, qualified individuals — approached confidentially and run in parallel with any buyers you already have. Competition created deliberately; employee continuity a stated screening criterion; one buyer walking never resets you to zero.

04

Structure Defense

Letter of intent through closing: price, working-capital peg, earnout terms, your transition and post-close role — negotiated by someone who has set those terms from the buyer's chair. Your attorney drafts the paper; Rinnaird fights the terms.

05

The Owner Shield

Rinnaird carries the process; you run the shop. A written process map, bounded demands on your time, and the numbers never dipping because you were distracted — because a business that slips mid-process pays for it at closing.

Month to month, leave any time. The engagement runs on 30 days' notice, and every work product — recast financials, data room, buyer map — is yours to keep. Exact terms and numbers before you commit to anything.
Why Rinnaird

The people who can do this work are usually buying companies — not sitting on your side of the table.

That's why sellers keep losing. Rinnaird exists to put a buyer's operator on the seller's side:

The buyer's playbook, in hand

Acquisitions closed and diligence run from the buyer's chair. The attack list buyers use on a business like yours — known before it's used, because it was the job.

An operator's numbers

Twenty years running manufacturing P&Ls — pricing, supplier terms, lead times, owner independence. The earnings buyers pay for, built firsthand.

Principal-led, by design

The person you meet is the person on your deal, start to finish. No juniors, no handoffs, no listing coordinators.

Three engagements at a time

An engagement is months of one person's attention, and there are only so many of those. When the slots are full, the next owner waits.

Not Selling Yet?

If your exit is two or three years out, even better.

Rinnaird also runs a value-building track for owners with runway: fix what buyers discount — pricing, supplier terms, lead times, owner independence — before going to market, so the eventual sale starts from a stronger number. Ask about it in the conversation; we'll tell you honestly which track fits.

Start the Conversation
The Founder

Aidan O'Sullivan

"Brokers list businesses. I spent twenty years building the numbers buyers pay for — and I've been the buyer."

Rinnaird is an advisory firm serving owners of small and mid-size manufacturing and industrial businesses. Its sole focus is helping owners understand what their business is worth, prepare it for a buyer's scrutiny, and see the transaction through to close.

The firm takes its name from An Rinn Aird — "the point of the height" — the coastal townland in County Kerry where Aidan grew up, on the Iveragh Peninsula opposite Valentia Island. Rinnaird is the advisory practice of Peak Operations Group LLC.

Aidan O'Sullivan has spent 20 years in manufacturing, starting as a project engineer in Ireland and progressing to President, Americas of Quickparts, a private equity-backed on-demand manufacturer, where he held full P&L responsibility for a $40M+ region with 170 employees across three sites. His career spans PE-backed, venture-backed, NYSE-listed, and global plc environments, including plant leadership at Kerry Group.

His M&A experience comes from the buyer's side of the table: on behalf of Shapeways he completed the acquisitions of Linear AMS, a Michigan additive and injection-molding manufacturer, and MFG.com, a manufacturing software marketplace, and led the 18-month post-merger integration. He sourced the acquisition that preceded the company's 2021 NYSE listing and served as its senior-most operations executive through that listing.

Aidan holds an MBA in Finance, Global Business & Strategy from NYU Stern, and a BEng in Mechanical Engineering and BA in Mathematics from Trinity College Dublin. He is based in Virginia.

Has a buyer already approached you?

Then the clock is already running — and one thing matters more than anything else: don't sign anything with an exclusivity period before you talk to someone on your side. Thirty minutes, free and confidential.

Talk Before You Reply
Questions

What owners ask first

I already have an offer. Is it too late for an advisor?

It's exactly the right time — the most consequential decisions happen before you respond to that buyer. Two things before anything else: don't sign anything with an exclusivity period, and find out what your business is actually worth before you answer. An unsolicited offer is a starting point, not a market price.

Will my business be listed for sale somewhere?

Never publicly. Your name, location, and identifiable details appear nowhere. Buyers are approached individually — anonymized, under NDA, directly and through vetted private networks — and you approve every name before your identity is released.

How do you charge?

A monthly advisory fee, half of which credits back against the success fee at closing — and a success fee when your deal closes. The engagement is month to month; you can leave on 30 days' notice and keep every work product. Exact numbers in writing before you commit to anything.

Do I have to commit to selling?

No. Month to month, 30 days' notice, and the recast financials, data room, and buyer work are yours whether you sell, wait, or change your mind.

Do you guarantee a sale price?

No — and be wary of anyone who does. The market sets the price; nobody honest guarantees it. What I guarantee is the work: buyer-grade preparation, a genuinely competitive process, and someone on your side of the table who has sat on theirs.

What's a business like mine actually worth?

It depends on your earnings, how much the business depends on you, and who's buying. That's the point of the free conversation — thirty minutes and you'll have a straight answer.

Confidential Conversation

Thirty minutes. Free. Confidential.

One conversation: what your business would be worth in a properly run process — and if you have an offer in hand, what that offer looks like against it. You leave knowing where you stand, whatever you decide. No obligation, and nothing shared with anyone.

Connect with Aidan on LinkedIn

All inquiries are confidential. We do not share your information, and no conversation obligates you to anything. If a buyer has approached you: sign nothing with an exclusivity period first.