A business transition and exit advisory firm. We design the structure that fits your next chapter — across ESOPs, independent buyouts, valuations, and succession planning.
MBO Ventures designs the right structure for your exit — whether that's an ESOP, an independent buyout, a generational transfer, or something built between them. We bring an investment banking mindset to every transaction, including the first cannabis ESOP in the country.
Not a traditional exit advisor. Half exit architect, half investment banker, all operator at heart.
MBO Ventures is not a traditional ESOP consultant.
We are a business transition and exit advisory firm built for today's ownership landscape. Our team brings together former CEOs, founders, deal professionals, and ESOP architects — we understand the mechanics of every exit structure and the realities of building and selling a business.
We approach each engagement as part of a broader capital and exit strategy. That means thinking beyond compliance and into valuation, financing, timing, and optionality.
Three pillars — design, dealmaking, and operator counsel — woven into every engagement.
ESOPs, independent buyouts, succession plans, and valuation work — flexible structures that can support partial liquidity, full exits, generational transfers, or long-term ownership transitions. Rather than forcing a single outcome, MBO Ventures designs the right structure for your financial goals, control preferences, and long-term plans — preserving optionality around timing, involvement, and legacy.
Our advisory approach combines deep ESOP expertise with an investment banking mindset. Valuation, financing structure, and deal dynamics are considered from the start, not bolted on later. By integrating these elements directly into ESOP planning, we help owners make informed decisions that reflect real-world economics, not just technical compliance.
Our team brings firsthand experience as founders, executives, and operators who have built and scaled businesses. We understand the personal and operational weight behind ownership and exit decisions. That perspective allows us to advise with practicality and empathy, helping owners navigate complex transitions with clarity and confidence.
In The Cannabis ESOP Architect, MBO Ventures Managing Partner Darren Gleeman breaks down the strategy behind every successful cannabis ESOP to date — including how to structure ownership, maximize valuation, and eliminate federal and state income taxes entirely.
Drawing on his experience leading the first fully ESOP-owned cannabis company, Darren explains exactly how this structure works, why it's legal, and how operators can use it to make IRC 280E irrelevant.
Read the cannabis playbookMid-market companies whose owners are thinking about liquidity, succession, and the people they leave behind.
Things owners tell us, after — about the conversations we had at the start, the math we worked through, and the team they got to leave it with.
MBO understood we wanted a transition that didn't break the company we'd spent thirty years building.
The 280E conversation was the one no one would have with us. Darren walked us through it. The math was actually defensible.
We talked to three banks before MBO. They were the only ones who showed up with both halves of the deal.
A 30-minute conversation about what you want the next ten years to look like — and the structure that gets you there. No deck. No commitment.