Off-Market Deal Sourcing (that actually works): 7 Channels I Keep in Rotation

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July 07, 2025

by an investor from Concordia University - John Molson School of Business in Montreal, QC, Canada

I have used variations of the tactics below, pairing them with our in-house AI engine Ai.Da 3.0 to feed proprietary opportunities to several of the world’s top twenty-five financial institutions, including Sixth Street, BlackRock and Blackstone. Reverse-ETL of Government Procurement Feeds • Why it works: New awardees often outgrow their balance sheet within a year and seek liquidity. • First action: Pull last quarter’s SAM.gov awards into BigQuery, filter for contracts under $15 million, enrich founder emails with ZoomInfo, and reach out. “Busted” ESOP Conversions • Why it works: Trustees need a face-saving exit when the plan under-funds and welcome quick recaps. • First action: Search DOL Form 5500 filings for plans that missed funding targets two years straight, then contact the trustee. Niche Slack or Discord Communities • Why it works: Founders overshare operational pain when they think only peers are watching. • First action: Spend ten minutes answering questions in the Contractors OpenAir Slack and track every DM that follows. Debt-Service Exhaust Signals • Why it works: Selling receivables at a 30 % haircut is a clear liquidity flare. • First action: Scrape UCC filings listing Pipe, Plastiq, or ClearCo as secured parties; prioritise companies stacking more than one advance. LinkedIn Talent-Migration Triggers • Why it works: A newly hired CFO or Controller often signals the owner is prepping the books for sale. • First action: In LinkedIn Recruiter, set an alert for Controller hires at private companies in your target sectors and follow up within thirty days. Alumni-Triggered M&A Alerts • Why it works: Founders nearing an earn-out cliff are open to a cleaner exit. • First action: Query ZoomInfo for founders whose previous company was acquired 2.5–3 years ago and start a conversation. Industrial Brokers’ “Dead” Files • Why it works: Local brick-and-mortar brokers drop mandates once EBITDA tops $1.5 million; you can revive those files for a 25 bps success fee. • First action: Offer a revival fee on listings pulled in the past twelve months that never closed. How I Stack the Workflow • Automated sourcing: n8n bundles Channels 1, 4, and 6 into a Monday-morning CSV. • One-touch outreach: Load the list into Woodpecker and personalise the opening line with a datapoint from your scrape. • Fast triage: Any reply mentioning timeline, price expectations, or EBITDA gets an immediate fifteen-minute intro-call link. I hope this helps, I've seen a few common threads on here where people are asking how to source deals. Voila. Happy Hunting.
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Reply by a searcher
from IESE Business School in Munich, Germany
In Germany, local Chambers of Commerce are very active in the topic of succession. The service may vary from region to region but when I filled out the form below (again chose the IHK for your target region), someone called me within 2 hours to follow up. They will flat refuse to work with anyone resembling M&A advisor as they only deal with Sellers or Searchers only but my sense is that they have more companies (albeit perhaps the ones on a smaller side: sub 1.5M EBITDA) than successor candidates. https://www.ihk-muenchen.de/ihk/documents/Recht-Steuern/Fragebogen-Nachfolger.pdf
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Reply by a searcher
in Toronto, ON, Canada
Some excellent pointers. Thanks for sharing ^redacted
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