A long-term home
for a business
you built.

You spent decades building something real. Your employees know their jobs. Your customers trust your name. That doesn't have to end when you're ready to step back.

Not a fund.
Not a broker.
An owner.

"My goal is continuity — not disruption."

Millstone Holdings is a privately held investment company with a single, deliberate purpose: to acquire and operate one small business for the long term. I am not a private equity fund looking to flip an asset. I am not a broker intermediating a transaction. I am a buyer who intends to show up every day.

I bring a background that spans law, entrepreneurship, and operations — someone who can hold their own in a conversation with a shop foreman or a bank officer, and understands the motivations of both. The law degree sharpened the research instincts. The entrepreneurial spirit did the rest.

I am also, frankly, personal about this. I understand what it means to pour yourself into a business — I'm married to someone who has done exactly that. I know the weight of the decision you're making. I take that seriously.

Communication
Direct, honest, and responsive — always.
Integrity
I say what I mean and mean what I say.
Empathy
I understand this is personal for you.
Adaptability
At home with any stakeholder, any situation.
Hard Work
Hands-on and present for what matters.
Continuity
Your team, customers, and name — preserved.

The right business
for the right reason.

01
Established & Profitable
A proven track record of operations, stable cash flow, and a business that has already done the hard work of becoming real.
02
Owner-Operated, at a Transition
Founders approaching retirement or a life change who need a buyer that will honor what they've built — not extract and exit.
03
Strong Teams & Relationships
Businesses where the people matter — loyal employees, trusted customer relationships, a community that depends on what you do.
04
Primarily the Northeast
I focus on New England and the mid-Atlantic, where I have roots, relationships, and the ability to be present and engaged.

Patience.
Transparency.
Respect.

I approach acquisitions the way I'd want to be approached: with clarity about who I am, what I can offer, and what comes next. No games, no surprises. I'm in this for the long term, which means the relationship matters as much as the transaction.
01 ——
Get to Know Each Other
An honest conversation about your business, your goals, and your timeline. No pressure, no NDAs before I've said hello. I want to understand what you've built and what matters to you about what comes next.
02 ——
Due Diligence with Respect
Thorough but efficient. I do my homework — financials, operations, team, customers — without wasting your time or disrupting your business. I know how to move with purpose.
03 ——
A Fair, Transparent Offer
I explain my thinking, not just the number. I want you to understand how I arrived at a valuation and why I believe it's fair. No lowball offers, no last-minute pivots at closing.
04 ——
A Transition That Works for You
Whether you want to stay involved for a year or hand over the keys on day one, I work around what makes sense for your business and your people. Your institutional knowledge is an asset — I don't want to lose it.
05 ——
Long-Term Stewardship
I'm not building a portfolio. This is the business. I intend to own and operate it for years, invest in its people, and grow it sustainably. Your legacy doesn't get absorbed into a roll-up — it carries forward.

Not a
typical buyer.

Millstone Holdings Typical Private Equity
Holding period Long-term. I'm not planning an exit. 3–7 years, then a sale or roll-up.
Businesses acquired One. This one. All of my attention. Portfolio of many. Divided attention.
Employees Continuity and respect. Your team stays. Headcount reductions are common.
Culture Preserved intentionally. I came here for it. Often replaced with corporate process.
Decision-making Fast and direct — one accountable person. Committees, partners, investment boards.
Seller relationship A partnership. I want your counsel. Transactional. Ends at close.

Backed by an experienced
external team.

I am supported by an experienced external deal team as I evaluate and pursue the acquisition of one established small business.

SBA Lending Advisor
Bruce Marks
First Bank of the Lake
Acquisition Advisors &
Quality of Earnings
Mike Jerman & Adam Webster
Hollywell Partners
Legal & Deal Structuring
Eric Pacifici
SMB Law Group

Together, this team helps me approach each opportunity with disciplined financing, careful financial review, practical deal structure, and a smooth, continuity-focused transition for sellers, employees, and customers.

If you're a business owner thinking about what comes next and want to talk with someone who'll treat that conversation with the care it deserves, reach out.

michael@millstoneholdings.co
Where Connecticut
Focused on the Northeast
What Acquiring one exceptional, owner-operated small business
When Actively looking. No artificial urgency — your timeline, not mine.
How A simple email. We'll respond within one business day.