TKO Miller is an independent, advisory-focused middle market investment bank headquartered in Milwaukee, Wisconsin, serving family-owned and founder-held businesses across North America. Founded in 2016 by Tammie Miller and her team, the firm has built a reputation for combining institutional-quality M&A advisory with a results-oriented, flexible approach that prioritizes client needs over transaction volume. TKO Miller operates with senior banker involvement on every engagement—typically one to two managing directors work directly with clients—ensuring executive attention at all decision points. This senior-led approach differentiates them from larger institutions where transactions may be delegated to junior bankers.
TKO Miller specializes across five core industry verticals: diversified industrial manufacturing, precision machining, contract manufacturing, specialty chemicals, and building products; plastics processing, flexible and rigid packaging, and paper products; industrial software, IT services, and business process outsourcing; packaged food, beverage producers, and consumer brands; and business services including facilities management, staffing, and outsourced operations. With 135+ years of collective transaction experience, the team understands plant-level economics, operational scaling, and the valuation drivers specific to capital-intensive businesses.
Since inception, TKO Miller has advised on 500+ closed transactions totaling $10.6 billion in aggregate transaction value. The firm's deal flow skews heavily toward sell-side advisory (approximately 70-75% of transactions), reflecting the founder-owned business demographic they primarily serve. Notable recent transactions include KYT Group's acquisition of Glo Skin Beauty (March 2026), SÜDPACK US operations sale to PPC Flex (January 2026), Craft Beverage Warehouse sale to TricorBraun Holdings (November 2025), Bevco Engineering acquisition by IEWC (April 2025), and Trachte Building Systems acquisition of MakoRabco (March 2025). The buyer base includes strategic acquirers, lower-middle-market and middle-market private equity firms, and financial buyers. The firm maintains relationships with prominent sponsors including Audax Group, Genstar Capital, Fort Point Capital, and Benford Capital Partners.
TKO Miller employs an institutional-quality sell-side process that balances speed with thoroughness. A typical engagement runs 6-9 months from retainer to close. The firm's standard engagement structure includes a modest retainer payment that partially offsets advisory expenses, followed by success fees structured on a modified Lehman formula based on total enterprise value. The firm requires exclusivity during the sale process, ensuring alignment on execution. The team conducts extensive buyer identification and outreach, building detailed target lists of strategic and financial buyers, then manages the full process from confidentiality agreements through closing. The firm is flexible on engagement minimums and has closed transactions ranging from $5 million to $150+ million enterprise value, though typically focuses on the $10-50 million midmarket sweet spot.
TKO Miller differentiates through several factors: senior banker involvement on every transaction, deep industry specialization in manufacturing and industrial sectors creating proprietary buyer relationships, understanding of founder and family business dynamics, speed and flexibility enabled by smaller firm size, results-oriented success-fee model aligning incentives, geographic advantage serving Midwest business owners with national reach, and operating experience among senior bankers. The firm is selective and will decline opportunities below approximately $5 million revenue, with pending litigation, where founders seek limited processes, or in distressed situations requiring quick liquidation.
Tammie Miller, Co-Founder & Managing Director, brings 25+ years of investment banking experience with extensive background in healthcare, business process outsourcing, and multi-sector M&A from prior roles at Grace Matthews. She is a CFA charter holder educated at the University of Chicago and was named a 2026 Wisconsin Titan 100 Honoree. Tim Oleszczuk, Managing Director, specializes in middle-market M&A with deep focus on manufacturing and industrial services. Aaron Cranfill provides deal sourcing, buyer relationship management, and transaction execution expertise. Crystal Flick, recently joined as Director (September 2025), expands the firm's technology and tech-enabled services capability with SaaS and software expertise. Katie Yde serves as a Director-level banker and primary transaction contact. The firm maintains approximately 15-20 professionals providing institutional-quality service with senior-level involvement on all engagements.