Built by an operator who has closed $60M+ in acquisitions

Buy a Business
Without Guessing

Know the numbers. Structure the deal. Close with confidence.

Most buyers overpay, miss critical risks, or watch the deal collapse before close.Tether is the acquisition system that prevents all three.

Start 30-day free trialSee how it works

Free for 30 days  ·  then $147/mo  ·  Card required at signup  ·  Cancel anytime

$60M+
in acquisitions closed
$20M+
in SBA loans funded
3
tools built from real deals

This isn't software built by engineers who read about acquisitions. Every stage of Tether came from real deals — the mistakes, the near-misses, and the systems developed over $60M+ in closed transactions.

The hard truth

Why most buyers lose money

Business acquisitions fail in three predictable ways. If you're going into a deal without a system for each one, you're exposed.

01
They get fooled by the financials

Sellers run personal expenses through the business. Family on payroll. Personal vehicles. Vacations as travel. Without a proper quality of earnings analysis, buyers take the P&L at face value — and massively overpay for a business that doesn't earn what it claims.

02
They don't know what to offer or how to structure it

Most buyers guess at valuation. They anchor to the asking price instead of the real market multiple. They structure deals the seller wants, not deals that work for them. A bad offer or a bad structure can cost you hundreds of thousands before you even close.

03
The deal falls apart on the way to close

Due diligence is where acquisitions die. Buyers get overwhelmed, miss critical items, let deadlines slip. Attorneys, brokers, and advisors operate in silos. Things fall through the cracks. The seller gets nervous. The deal collapses — and the buyer loses their legal fees, their time, and their momentum.

Tether is built to prevent all three.

One platform. Three tools. The complete acquisition system.

The acquisition system

Five stages. One integrated system. Built for how deals actually work.

From finding the right target to closing the deal — every stage of the acquisition process in one system. Built by an operator who has closed $60M+ in acquisitions.

Stage 01 of 05Beta
Find the right business before you analyze it
Sourcing Tool — Acquisition Target Research

Most buyers wait for deals to come to them through brokers. Tether's sourcing tool lets you go find them. Search by industry and radius, get up to 15 real businesses with owner info, contact details, ratings, and acquisition signals — all in one search.

  • Search by industry + radius — HVAC, roofing, landscaping, and more
  • Owner info surfaced — name, email, phone when publicly available
  • Acquisition signals flagged — retiring owner, declining reviews, outdated website
  • Status tracking built in — New, Contacted, Responded, In Diligence
Get access →

HVAC  ·  Phoenix, AZ  ·  25 mi radius  ·  15 results

Summit HVAC Services
Scottsdale, AZ · 4.2 mi
★★★★★ 4.9
Dan Fowler
Retiring
Desert Air Solutions
Mesa, AZ · 9.1 mi
★★★★☆ 4.6
Mike Torres
Contacted
Southwest Comfort Co.
Tempe, AZ · 12.4 mi
★★★★☆ 4.4
New
Peak Roofing & HVAC
Chandler, AZ · 16.8 mi
★★★★☆ 4.2
Jim Walsh
Responded
4 targets with owner identified  ·  2 acquisition signals flagged  ·  Export CSV
Stage 02 of 05
Don't get fooled by bad financials
Financial Normalizer · Financial Normalizer — Quality of Earnings

Before you can know what a business is worth, you need to know what it actually earns. The Financial Normalizer uploads the seller's P&Ls and uses AI to map every line item, identify owner add-backs, and show you the real adjusted SDE — the number your lender will use to underwrite your loan.

  • Upload PDF or CSV financials — up to 4 years, analyzed instantly
  • AI identifies add-backs — owner expenses that won't continue post-close
  • Edit and annotate inline — adjust any line item with a reason
  • Export a clean CSV — share with your lender, advisor, or CPA
Get access →

AI mapping complete · 3 years · 4 add-backs found

Line itemActualAdjusted
Payroll+$48k$187k$139k
Auto+$18k$26k$8k
Travel+$9k$14k$5k
Software$22k$22k
Adjusted SDE$198k$303k
$81k in add-backs found. At 3x that's $243k in deal value you'd have missed.
Stage 03 of 05
Know exactly what to offer and why
Deal Analyzer · Deal Analyzer — Napkin Valuation Model

Once you know the real earnings, find out what the business is worth and what you should offer. The Deal Analyzer gives you a market-benchmarked multiple, a recommended offer range, and a full financing model — SBA loan, seller note, monthly cash flow, and a 5-year forecast — so you never walk into a negotiation guessing.

  • Market-benchmarked multiple — based on actual SDE band comps
  • Risk-adjusted offer range — qualitative scoring + risk penalty
  • Live financing stack — model SBA loan, seller note, and down payment
  • DSCR, WACC, IRR — the metrics your bank will look at
Start your free trial →
Recommended offer range
$960K – $1.24M
3.18x weighted SDE of $321,000 · Asking $1.5M is above fair value
Fair value
$1.02M
Max SBA price
$1.18M
DSCR
1.47x
5-yr IRR
22.4%
⚑ 3 risk flags detected — key-man syndrome, customer concentration, non-assignable contracts. Multiple adjusted accordingly.
Stage 04 of 05
Compare your deals before you commit
Pipeline Dashboard — Deal Comparison & Tracking

Most buyers evaluate deals one at a time. Tether's pipeline dashboard puts every opportunity side by side — SDE, multiple, DSCR, IRR, offer range — so you can see at a glance which deal is worth pursuing. When you're ready to move forward, one click pushes it into due diligence.

  • Side-by-side comparison — DSCR, IRR, multiple, offer range across deals
  • Stage tracking — Sourcing → Discovery → QoE → Valuation → Offer → DD
  • Best deal highlighted — color-coded metrics show which deal wins each category
  • One click to DD — push the winning deal straight into the execution workspace
Get access →

3 deals in pipeline  ·  comparing side-by-side

DealMultipleDSCRIRR
Summit HVAC Services
Offer made
3.2x
1.61x
28.4%
Desert Air Solutions
Valuation
3.8x
1.38x
19.2%
Valley Roofing Co.
Discovery
Summit HVAC wins on DSCR and IRR. Push to due diligence →
Stage 05 of 05
Don't let the deal fall apart before close
Deal Execution · Deal Execution — Due Diligence Workspace

Going under contract is when most deals die. The Deal Execution workspace gives you a pre-built checklist for every phase of the process, keeps your attorney, broker, advisor, and ops team aligned in one place, and automatically sends a weekly progress report to everyone — so nothing falls through and no one has an excuse not to know where the deal stands.

  • 130+ pre-built tasks across every phase from LOI to close
  • Magic link invites — your whole team in without creating accounts
  • Flag any issue — with a required note that surfaces in the weekly report
  • Weekly automated report — sent to all participants every Thursday
Start your free trial →

Summit HVAC Services · 21 days left in DD

Complete
8/110
This week
6
Overdue
4
Flags
3
⚑ 3yrs taxes — overdueBuyer
⚑ QoE — add-backs inflatedAcq. Team
LOI SignedBuyer
Weekly report sends Thu 8:00 AM → Buyer, Acq. Team, Lawyer, Bank

The complete system

Five stages. One system.
From sourcing to close — nothing left out.

Most buyers piece this together from spreadsheets, cold calls, generic checklists, and expensive advisors. Tether gives you the complete acquisition system — find targets, analyze financials, value the deal, compare opportunities, and execute diligence — built by an operator who has closed $60M+.

📍
Find the right target
Sourcing tool finds real businesses by industry and radius — with owner info, ratings, and acquisition signals.
🔍
Real earnings. Not what the seller claims.
QoE mapper surfaces every add-back and gives you the true SDE — the number your lender actually uses.
⚖️
The right price. Structured the right way.
Market-benchmarked multiple, offer range, SBA model, DSCR check — before you sit down with a lender.
📊
Compare your best opportunities
Pipeline dashboard lets you track and compare multiple deals side-by-side — IRR, DSCR, multiple, offer range.
🏁
A deal that actually closes.
130+ task DD workspace keeps attorney, bank, advisor, and broker aligned from LOI to close.
Start 30-day free trial

Real output

See exactly what you get

Sample outputs from real tool runs on a HVAC acquisition.

dealtether.com/valuation — Deal Analyzer report

Summit HVAC Services · Weighted SDE across 3 years · Analysis complete

Recommended offer range
$960,000 – $1,240,000
3.18x weighted average SDE of $321,000  ·  3 years weighted
Asking $1,500,000 (4.67x) — above fair value · use creative deal structure to bridge the gap
Weighted avg SDE
$321,000
3-yr weighted
Fair value
$1,020,000
3.18x SDE
Max SBA price
$1,180,000
1.25x DSCR floor
Year 1 proj. SDE
$333,840
+4% growth applied
How the multiple was calculated
Benchmark (SDE band)
3.375x
$200k–$500k SDE range
Qualitative adjustment
+0.25x
Avg score 3.5 / 5.0
Risk penalty
–0.46x
3 risk flags present
Recommended multiple
3.18x
Applied to SDE of $321,000
$1,020,000 fair value
⚑ Risk flags — these reduce the multiple and suggest protective deal structures
Key-man syndrome — business depends on owner relationshipsHigh
Customer concentration — top 3 clients = 48% of revenueModerate
3 management agreements have non-assignment clausesModerate
DSCR at offer
1.47x
Meets SBA 1.25x minimum
Monthly cash flow
$6,840/mo
Pre-tax after debt service
Est. 5-yr IRR
22.4%
Exceeds WACC — value creating

Built by someone who has done it

Not software built by engineers.
A system built from real deals.

Tether was built by an operator who has personally closed over $60M in acquisitions and funded $20M+ in SBA loans through Live Oak Bank. Every tool, every task, every flag in the system came from a real deal — the mistakes, the near-misses, and the systems built to prevent them.

$60M+
In acquisitions closed
Personal track record across multiple industries and deal sizes
$20M+
In SBA loans funded
Via Live Oak Bank — the #1 SBA acquisition lender in the country
100%
Built from real deals
Every task, flag, and model in Tether came from an actual acquisition

“My father spent a 40-year career as a transaction attorney. I grew up learning that in acquisitions, the downside isn't just losing money — it's losing everything. I've seen people overpay, miss critical risks, lose deals, and in the worst cases, lose their homes. That risk-awareness is in my DNA. I built Tether after working on hundreds of deals, compounding everything I've learned, with one goal: no one defaults.

HG
Hunter Goodall
Founder, Tether  ·  $60M+ in acquisitions closed  ·  dealtether.com

Tether is newly launched. We don't have customer reviews yet — and we won't fake them.
Start your free month and see for yourself.

Who it's for

Everyone in the deal. Not just the buyer.

Tether keeps every party on the same page — from the buyer who's terrified of missing something to the advisor managing five deals at once.

First-time buyer
You've never done this before. Tether gives you a step-by-step system built by someone who has done it dozens of times — so you don't have to figure it out alone.
Solo · $147/mo
ETA / search fund
You're screening multiple targets simultaneously. The Deal Analyzer lets you quickly assess whether a deal is worth pursuing before you spend money on advisors.
Solo · $147/mo
Acquisition advisor
You're running 3–8 deals at once. The portfolio dashboard, automated reports, and role-based visibility give you control without micromanaging every party.
Advisor · $397/mo
Business broker
Your commission depends on the deal closing. Tether keeps buyers moving, informed, and accountable — which directly protects your fee.
Advisor · $397/mo
Roll-up operator
You're running parallel acquisitions as a strategy. Custom templates, unlimited deals, and white-label branding give you a system that scales with volume.
Enterprise
High-volume organization
PE-backed platforms, acquisition brands, and family offices running structured programs. Unlimited seats, white-label ready, dedicated onboarding.
Enterprise

Pricing

What a mistake costs vs. what Tether costs

Overpaying $200K because you missed add-backs. $15K in legal fees on a deal that collapsed. Tether is $147/month. One mistake costs 100× that.

What mistakes cost
Overpaying due to missed add-backs$50K – $300K
Legal fees on a failed deal$8K – $20K
CPA for quality of earnings$3K – $8K
Acquisition advisor fees$5K – $15K
6 months of your time wastedIncalculable
30-day free trial
Solo
$147/month

Full acquisition system. Sourcing to close. First month free, cancel anytime.

Start 30-day free trial
  • Sourcing tool — find targets by industry & location
  • Financial Normalizer — AI maps P&Ls, surfaces real SDE
  • Deal Analyzer — offer range, DSCR, IRR, 5-yr forecast
  • Pipeline dashboard — track up to 3 active deals
  • DD Workspace — 130+ tasks, issue flags, weekly reports
  • PDF exports — download any analysis report
Need more capacity? Contact us for team pricing.

Card required at signup · Free for 30 days · then $147/mo · Cancel anytime

Stop guessing. Start closing.

Try Tether free for 30 days. Card required at signup — you won't be charged until day 31.
One bad acquisition decision costs more than a year of Tether.

Start 30-day free trialSee how it works

Questions? Email hbgstrategies@gmail.com