OutSearched

Origination & Advisory | Lower Middle Market

Buyside Advisory & Proprietary Dealflow for the Lower Middle Market.

OutSearched generates proprietary deal flow through direct-to-owner outreach and advises buyers on banked deals. We work with private equity firms, family offices, independent sponsors, and corporate development teams.
Sourced In 2025
$ 500 MM+
More Qualified Conversations
52 ×
To First Qualified Conversation
~ 60 Days

Partners and Clients

Proprietary Deals Sourced

Lighting Services Platform

Mountain West / Nationwide

Founder-led

$4.1M EBITDA

Chemical Manufacturing

South-Central U.S.
Family-owned

$3.5M EBITDA

Steel Distribution & Fabrication

Southeast

Multi-location

$3.5M EBITDA

Industrial Cleaning & Environmental

Northeast
Specialized services

$2.8M EBITDA

Logistics Services

Nationwide
Direct Intro

$1.6M EBITDA

Plumbing & HVAC Services

Midwestern US
Founder-owned

$3.5M EBITDA

Metal Roofing & Building Products

Southeast
Proprietary

$1.2M EBITDA

Home Inspection Services

Midwest
Owner-Operator

$1.0M EBITDA

Sourcing in the lower middle market has never been more competitive.

The math has shifted. There are more buyers, fewer prepared sellers, and rising prices on the deals that do reach market. The buyers who win are the ones reaching owners first.

10,000

Active LMM PE Buyers

Since 2020 capital is consistently moving in the Lower Middle Market. Competition is fierce.

6X - 7.2X

Average EBITDA Multiple

Average EBITDA multiples continue to increase. Supply of capital far outpacing supply of transactable businesses.

$200K+

Per-Mandate Sourcing Cost

Building internal Business Development and tech stack is costly.

Three ways to plug us into your deal team.

Every OutSearched engagement is built around how you want to operate. We can be invisible, named, or fully embedded.
Model 01
We place a trained and managed Business Development Rep into your organization.
02 · Engagement Model

Elite origination capability without the cost of building it internally. Our team, your mandate, scaled output.

03 · Engagement Model
From mandate definition to LOI negotiation, our clients come to us for in-the-market advisory.

Built for institutional buyers who need to source like one.

Every buyer type has a different mandate, timeline, and economics. We tailor our approach to each.

Deal-by-deal economics demand off-market sourcing.

Independent sponsors win on entry multiple. Auction-bid deals don’t pencil. We help you get to owners early, build conviction, and bring LPs deals they couldn’t have found themselves.

Deep dive into what is truly accretive and where synergies exits.

Corporate development teams require M&A targets that add value. Specific outreach to companies that are not yet on the market. We help build the target list, the messaging, and convert ideas into signed LOIs.

Platform plays and bolt-ons that bankers haven't seen.

Whether you need platform investments or strategic add-ons for portfolio companies, we run mandates concurrently across your investment thesis. We integrate with your internal BD team or operate as a stand-alone function.

Direct, discreet, and built around your principles.

Family offices want what bankers can’t deliver: discretion, direct seller conversations, and quiet optionality. Our solutions offer patient capital quiet market coverage.

From mandate kickoff to closed deal.

A disciplined, four-phase process designed to put qualified opportunities in front of you quickly.
01

Mandate Definition

We meet with your investment team to define the buybox: industries, geography, EBITDA range, structural preferences, and non-negotiables.
02

Data & Infrastructure

We build the target universe, enrich it with proprietary data, configure outbound infrastructure, and calibrate messaging to your firm’s voice.
03

Direct-to-Owner Outreach

Multichannel outreach launches and we handle qualification calls, NDAs, and document requests. You get qualified conversations.
04

Negotiation & Close

Qualified opportunities move into LOI, diligence, and close. We stay engaged through the deal lifecycle to keep the pipeline producing.

The alternatives and what's different about us.

Most LMM buyers stitch together some combination of an internal BD hire, broker relationships, and a SaaS subscription. Each comes with structural problems we were built to solve.
Option 1

Hiring Internal Business Development

Option 2

Working with Brokers & Bankers

Option 3

Embedded Origination, Built for LMM Buyers

In their own words.

Outsearched and Nate's team have…

Outsearched and Nate’s team have provided me with valuable assistance during my search.

We have passed on several opportunities after working with them and digging further into asking better questions and reviewing deeper financials

Thomas Heffron
Individual Buyer
Outperformed the Broker Network

I’m an independent sponsor and my goal is to close one business a year. Missed that in 2025 by relying too heavily on brokered deals. With OS we’re on track for three closes by Q1 2026.

Phillip
Independent Sponsor
OutSearched - 10/10

Working with OutSearched is great – Nate is highly responsive and does a phenomenal job from end to end!

Collin Nieman
Individual Buyer
Highly Recommend for PE Rollups

We hired Outsearched to build out our buyside pipeline for a PE rollup. Generally we source that internally but for this particular scenario, we couldn’t find anything worthwhile either online or through direct outreach.

Additionally, our team was fairly unsophisticated with our outreach and it made more sense to find someone who really knows their stuff. We were on the fence about who to go with but Nate and Outsearched are the real deal. They found us multiple high quality companies ready to start conversation and within 5 months we were moving towards LOI.

Highly recommend, they were one of the only companies in the space that seemed to actually know what they were doing, bringing a truly fresh perspective into our buyside campaigns.

Justin Abrams
Individual Buyer
No Stone Unturned

Our BD function was already performing well, but we hired OutSearched under the belief that no matter how well-oiled our machine is, we’re likely still missing great opportunities. Nate proved that quickly.

Within three weeks, we were in active conversations with attractive acquisition targets. The speed, quality, and professionalism of the process stood out.

Could not recommend Nate and his team more highly.

John M
Individual Buyer
OutSearched - Proprietary Acquisition Target Sourcing

Nate and his team have done an incredible job in sourcing off-market acquisition targets for our firm. The OutSearched team worked with our team to build comprehensive target lists based on industry verticals, geography, size, and other pertinent metrics. Their team has provided strong communication throughout the engagement that has benefited us greatly in sourcing actionable acquisition targets. I would highly recommend Nate and his team to anyone that is looking to build their proprietary deal sourcing pipeline

Tom
Individual Buyer
Outsearched got going quickly and kept…

Outsearched got going quickly and kept me well updated on status. They brought several quality deals within the first 60 days or so. I was pleased with the results and enjoyed working with them.

Bill Balliette
Search Fund
Nate and team did a great job!!

Nate and team did a great job generating off-market leads! They were very easy to work with, honest and communicated clearly throughout the entire search process.

Would definitely recommend them and plan to work with them again in the future!

Nick Riley
Individual Buyer
Great outbound capability

Great outbound capability. Submitted an LOI on an actionable target in the first 60 days

Travis Monteleone
Independent Sponsor
My experience with OutSearched

The team at OutSearched got going quickly. They found several deals for me to look at in the first 60 days.

I was skeptical, but three of the first deals were great. They just keep adding deals to my pipeline. Which helps, so I can focus on closing deals.

Not sure what else you can ask from a team. Super hard working and diligent throughout. I could purchase any one of these businesses. Good problem to have, but we have too many options!

Nick Stefanyk
Individual Buyer
Hire Nate. Couldn't recommend more highly

Nate Niehuus at Outsearched is the real deal. Nate has been helping me target small business owners in a very narrow geographic target area. I’m his toughest client (no joke), and yet, in spite of my tough assignment, Nate has done an amazing job working his sourcing magic and generating introductions that have led to quality conversations. This guy relishes a challenge, and he works incredibly hard to deliver. I don’t think he ever sleeps.

Nate brings the unique combination of in-depth technical knowledge (allowing him to keep up with the latest and greatest in sourcing) and high-caliber people skills, honed over many years of commercial real estate negotiations. He knows how to talk to business owners, what questions to ask, how to determine fit, and generally how to run a tight, comprehensive process that is highly efficient and proactive.

In addition, Nate is a super solid dude with integrity and ethics. I trust him 100%.

I’m extremely happy to have Nate on my team. He is a true asset, and I can recommend him wholeheartedly.

Phil
Individual Buyer
What You See is What You Get

Nate and the Outsearched team have been a fantastic asset to The Origination Group’s operations. Since working together with Outsearched, we have been presented with over $300MM in proprietary EV deal flow and are excited to continue building off of our newly developed relationship for years to come.

Johnny Sebastian
Buyside Advisor
An Essential Resource for Our Firm

Nate and his team at OutSearched have played a critical role in helping us uncover and pursue off-market opportunities across several industries. They took the time to understand exactly what we were looking for and built customized prospect lists tailored to our specific parameters. Throughout the entire engagement, their responsiveness and transparency made collaboration seamless. The pipeline they helped us develop has directly translated into meaningful conversations with quality targets. I stongly recommend OutSearched to any firm serious about strengthening its proprietary deal flow.

Danny Ilani
Independent Sponsor
Great experience!

Nate and team did a great job of laying the foundation for our sourcing efforts. We are able to issue 3 LOIs within a few months of getting up and running. Definitely would recommend to any searcher, independent sponsor, or platform looking to acquire at scale.

Stephen X
Independent Sponsor
Quick to First Deal

I’m the founder of The Edelweiss Company and I decided to use OutSearched to help bring deals forward. They were professional, fast, and I have a deal (nearing LOI) on my plate already with less than 60 days of outbound. We’re just getting started with them. Highly recommended.

CJ Jacobs
Independent Sponsor

From Our Clients, In Their Own Words

“I built OutSearched because I was tired of brokers and bankers controlling the dealflow. I wanted a service that found, qualified, and delivered dealflow for a specific mandate and didn’t want to pay massive success fees. We built that with OutSearched.”

Built by a buyer, for buyers.

Our founder spent years searching for great acquisition opportunities in the lower middle market and kept running into the same problems.

Manual outreach was slow. Deal data was outdated. Brokers were saturated. Tech stacks were fragmented and expensive. And every BD hire felt like a gamble against a market shifting toward off-market sourcing.

If a single experienced buyer was hitting these walls, thousands of others were too. Without a full-time team, modern data infrastructure, and outreach engineered for scale, most lower middle market buyers don’t have access to a complete origination solution.

OutSearched is that solution a buy-side origination firm purpose-built for the institutional and programmatic buyers shaping the next decade of lower middle market M&A.