PBC Capital Advisory delivers CPA-led M&A advisory for middle-market businesses. Backed by 25 years of experience spanning Big Four accounting, Fortune 500 corporate development, and global private equity — we know how deals get made.
PBC Capital Advisory LLC is a boutique investment bank headquartered in Palm Beach Gardens, Florida, founded by two CPAs with combined decades of experience across Big Four accounting, Fortune 500 corporate development, and global private equity.
We specialize in sell-side and buy-side M&A advisory for middle-market businesses in the Industrials, Consumer Products, Healthcare, Technology, and Business Services sectors.
Our accounting and tax foundation means we don't just run a process — we understand the numbers at a fundamental level and use that to protect and maximize value for our clients at every step.
Both founders are Florida-licensed CPAs. Financial rigor is built into every phase of the process, not bolted on.
Experience spanning KPMG, GE, Honeywell, ITT, BlackRock / Global Infrastructure Partners, Baker Tilly and EisnerAmper.
Dedicated CPA expertise in tax accounting and consulting — we model after-tax proceeds before any deal is structured.
No handoffs to junior staff. The principals who win your engagement execute it.
From strategic preparation through close, PBC Capital guides clients through every dimension of a transaction — whether you're building, buying, or transitioning.
Comprehensive representation for owners seeking to exit or recapitalize. We prepare, position, and run a competitive process designed to maximize enterprise value.
Strategic acquisition support for companies, private equity, and family offices seeking to grow through acquisitions. We source, screen, and execute.
Equity and debt solutions for growth, recapitalization, or ownership transition. We access private equity, family offices, mezzanine lenders, and institutional capital.
Pre-sale preparation 12–24 months before going to market. We strengthen your financial story, close gaps buyers will find, and enhance defensible EBITDA.
CPA-led transaction tax planning — one of our true differentiators. We model the tax consequences of structure before you sign, not after.
A disciplined, four-phase approach to every transaction. Select your deal type below to see how we execute.
Engage PBC Capital, sign advisory agreement, gather and normalize financials, calculate valuation range, and review tax structure for the exit.
Draft Confidential Information Memorandum, management presentation, and financial model. Identify and prioritize strategic and financial buyer universe.
Blind teaser outreach, NDA execution, CIM distribution, buyer Q&A, management meetings, and first-round IOI collection and analysis.
Negotiate LOI, manage due diligence data room, coordinate legal and accounting workstreams, resolve purchase price adjustments, and close.
Define deal criteria — size, sector, geography, EBITDA range, deal structure preferences, and platform vs. add-on considerations.
Proprietary sourcing via PBC Capital's network, direct outreach to off-market targets, and management introductions under confidentiality.
CPA-led Quality of Earnings, normalized EBITDA, tax exposure review, working capital assessment, and letter of intent structuring.
Purchase price negotiation, asset vs. stock election, reps and warranties, escrow terms, closing mechanics, and integration planning.
Evaluate financing need, appropriate capital type (growth equity, senior debt, mezzanine, or hybrid), and impact on ownership structure.
Build investor-grade offering memorandum, financial projections, and use-of-proceeds analysis compelling to institutional capital providers.
Targeted process engaging PE firms, family offices, mezzanine lenders, and banks aligned with your sector, stage, and capital needs.
Negotiate term sheet economics, governance provisions, and anti-dilution mechanics. Manage investor due diligence through to closing.
We identify every defensible add-back, quantify it correctly, and defend it through due diligence — directly increasing enterprise value.
Asset vs. stock elections, installment sales, QSBS exclusion, and entity restructuring — modeled before you go to market, not after you sign.
We anticipate what QofE analysts will flag. On sell-side, we address it proactively. On buy-side, we find it before you overpay.
Working capital targets, adjustments, and true-up provisions are often where deals swing materially post-LOI. We've lived this from both sides.
Judd's tenure at GE, Honeywell, ITT, and BlackRock/GIP means we understand how sophisticated buyers and PE sponsors think — and how to negotiate with them.
The difference between a good deal and a great one usually comes down to who truly understands the numbers — and how to defend them.
Deep industry knowledge in six core sectors where we have completed transactions and maintain active buyer and investor relationships.
Manufacturing, specialty contracting, engineered products, distribution, and infrastructure services businesses.
Branded consumer goods, food & beverage, personal care, e-commerce, and omnichannel retail businesses.
Medical practices, dental and vet platforms, behavioral health, home health, and healthcare technology.
SaaS, software, IT managed services, data analytics, and technology-enabled business model companies.
Staffing, outsourced services, professional services, facilities management, and B2B service companies.
Trucking, freight brokerage, last-mile delivery, supply chain services, and logistics technology companies.
Every client engagement at PBC Capital is led personally by one of our two founders. No junior bankers. No hand-offs.
Judd brings 25 years of M&A experience spanning Big Four accounting, Fortune 500 corporate development, global private equity, and independent investment banking. He has sourced, structured, and closed transactions across the industrial, technology, and infrastructure sectors — from middle-market add-ons to large-cap strategic deals. His unique background on both the buy side (as a principal investor) and sell side (as an advisor) gives clients unmatched insight into how sophisticated counterparties think and negotiate.
Adam is a Florida-licensed CPA with 25 years of experience in tax accounting and consulting. His deep expertise in transaction taxation is one of PBC Capital's most distinctive advantages — bringing a level of after-tax rigor to M&A advisory that most boutique investment banks cannot offer. Adam leads all tax structure analysis for deals, advising clients on asset vs. stock elections, installment sale planning, QSBS eligibility, rollover equity implications, and entity restructuring prior to sale.
Whether you're contemplating a sale, evaluating an acquisition, or seeking growth capital, we welcome a confidential, no-obligation discussion.
All submissions are confidential. We will respond within one business day. PBC Capital Advisory LLC does not share your information with third parties without your consent.