Midwest business landscape background

Sell-Side M&A Advisory for Midwest Business Owners

Confidential, experienced, and driven to maximize value for your legacy.

About MLCG

Midwest Legacy Capital Group is a boutique mergers and acquisitions advisory firm headquartered in Decatur, Illinois. We specialize in confidential sell-side representation for lower-middle market businesses — typically between $1M and $20M in annual revenue.

We understand that selling a business isn't just financial — it's personal. Our process prioritizes trust, discretion, and unmatched execution.

Discreet Process

Confidentiality is our foundation. We protect your business information at every step.

Deep Midwest Relationships

Our network spans the entire Midwest region, connecting you with the right buyers.

Valuation-Driven Negotiation

We leverage data and market insights to maximize your business value.

Independent & Seller-Only

We exclusively represent sellers, ensuring your interests are our only priority.

Our Services

Comprehensive Business Valuation

Clear, objective valuation modeling based on real market comps and buyer psychology.

Financial Modeling and Analysis

We provide scenario modeling, forecasting, and packaging to present the best version of your business.

M&A Process Advisory

From outreach to LOI to close, we quarterback the full process — and only represent sellers.

Our Team

Our experienced team brings entrepreneurial drive and financial expertise to every transaction.

Portrait of Nic Ellis, Founder at Midwest Legacy Capital Group

Nic Ellis

Founder

I'm Nic Ellis, the founder of Midwest Legacy Capital and an entrepreneur dedicated to helping business owners achieve their goals and build lasting legacies. Currently pursuing my education at Saint Louis University, I am combining academic learning with real-world experience to build a career in mergers and acquisitions.

My entrepreneurial journey began with growing a business that achieved a 12x return in just two years, reinforcing my understanding of strategy, resilience, and the importance of creating real value. Early professional experience in the legal field allowed me to build meaningful relationships and gain firsthand insight into business operations. Through this, I connected with a mentor who introduced me to the complexities of M&A, strengthening my passion for helping business owners navigate transitions while preserving their vision.

I'm driven by the opportunity to support business owners in shaping their legacies. Outside of work, I enjoy sports, exploring new business opportunities, and being part of the entrepreneurial community.

Portrait of Rushit Patel, Managing Partner at Midwest Legacy Capital Group

Rushit Patel

Managing Partner

I'm Rushit Patel, Managing Partner at Midwest Legacy Capital Group, where my goal is to help business owners navigate the sale of their companies with clarity and confidence. Currently studying Finance and Entrepreneurship at Saint Louis University, I blend classroom knowledge with hands-on experience—whether building financial models, analyzing deals, or working directly with clients. My journey started with a passion for problem-solving: from managing rental properties to interning in equity research and real estate, I learned how businesses truly operate. Those experiences taught me the value of digging into the details while keeping the bigger picture in mind. Now, I focus on making M&A accessible for small business owners, ensuring their hard work pays off when it's time to transition.

Portrait of Nick Heinlein, Managing Partner at Midwest Legacy Capital Group

Nick Heinlein

Managing Partner

I'm Nick Heinlein, a Managing Partner at Midwest Legacy Capital Group, and I am currently completing my finance degree at Saint Louis University. With a natural competitive drive and commitment to precision, I approach every professional challenge with careful attention to detail and a focus on delivering measurable results. What sets me apart is my ability to combine my knowledge from rigorous coursework with genuine relationship-building. I firmly believe sustainable success in finance requires both technical expertise and the ability to foster trust through clear communication. My competitive nature pushes me to continuously improve, but I never lose sight of the human element that makes business meaningful. I'm committed to making business transitions feel less like a transaction and more like the successful culmination of an entrepreneur's journey.

Portrait of Ethan Hamilton, Managing Partner at Midwest Legacy Capital Group

Ethan Hamilton

Managing Partner

I'm Ethan Hamilton, a Managing Partner at Midwest Legacy Capital Group who attends Northwestern University studying Computer Science and Math. I'm interested in how technology can bring efficiency and clarity to the M&A process—whether that's through automation, better data tools, or just simplifying what's unnecessarily complex.

I've built tools from trading bots to AI agents, and I've always been drawn to finding practical ways tech can solve real-world problems. That mindset is what got me curious about M&A, especially in industries where outdated systems leave a lot of value on the table. I want to bring a technical perspective to the space and help businesses run smoother, grow smarter, and transition more cleanly.

Why MLCG?

What sets Midwest Legacy Capital Group apart in the M&A landscape.

Built for the Future

Our tech-first approach to M&A includes proprietary tools like BetterBook that streamline deal execution with automation, clarity, and data-backed decision making.

More Than a Broker

MLCG isn't just a middleman — we're your partner in strategy, valuation, and legacy protection. We bring expertise and insight at every stage of the transaction.

Confidential. Always.

We implement rigorous confidentiality protocols and discreet deal handling. Your business information is protected with enterprise-grade security at every step.

Results-Driven, People-Centered

We combine exceptional financial outcomes with deep respect for founders and their legacies. Our approach balances maximum value with your personal and business goals.

Client Testimonials

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Our Confidentiality Guarantee

We maintain complete confidentiality during every stage of the sale process. Your business information is protected with enterprise-grade security protocols and strict NDAs.

Our Process

A structured approach to maximizing value while maintaining confidentiality.

Initial Consultation

We learn about your business, goals, and timeline for selling.

Valuation & Preparation

Comprehensive analysis and positioning to maximize market value.

Buyer Outreach

Confidential marketing to our network of qualified strategic and financial buyers.

Negotiation & Closing

Expert guidance through due diligence, negotiations, and final closing.

Resources for Sellers

How to Prepare for a Business Sale

Learn the key steps to take before putting your business on the market to maximize value and minimize stress.

Read More
What Buyers Really Look For

Understand the critical factors that influence buyer decisions and how to position your business effectively.

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The 6 Phases of the M&A Process

A comprehensive guide to each stage of the M&A journey, from preparation to post-closing considerations.

Read More

Let's Discuss Your Exit

Our conversations are always confidential. Start the process or just get some answers — we're here to help.

202 S Franklin St 1st Floor, Decatur, IL 62523