Entrepreneurial Succession Planning

Building essential businesses, the operator's way.

Pacific Aspen Partners is an operator-led investment firm that acquires and builds essential industrial and B2B services businesses. As operators and founders ourselves, we bring time, capital, and hands-on expertise to make them stronger.

Get in Touch Now

What Makes Pacific Aspen Partners Unique?

Operating Experience

Jiening Liu (lean operations, enterprise sales, supply chain) and Arian Rahbari (tech, strategic finance) combine extensive, complementary expertise with proven operational leadership in both small businesses and large international corporations. Backed by seasoned investors and executives, they provide holistic support—strategic, financial, and operational—to help your company reach the next level.

Hybrid Model

Pacific Aspen Partners is not a private equity or search fund. It takes the best of both models to provide liquidity for business owners while ensuring the business's legacy. We’re seasoned partners, not spreadsheet-driven financiers, focused on enhancing your team’s strengths while preserving your market edge.

Can-do Mindset

We work in family businesses and own small businesses. We understand what it takes to build and grow a business from nothing. Running a small business requires a can-do mindset to handle challenges day in and day out and to take care of every employee. This can-do mindset makes us flexible in deal structure and in providing a smooth transition post-sale.

The Pacific Aspen Approach

1
1~2 weeks

Introductions & Exploration

  • Initial Conversation We start by understanding your objectives and assessing mutual fit.
  • Preliminary Review We request initial information to develop an indicative valuation range.
  • Indication of Interest (IOI) We provide a formal IOI, clearly outlining our preliminary view on valuation and key deal considerations.
  • Your Decision Point You determine whether we proceed further based on our initial discussions and IOI.
2
2-3 weeks

Letter of Intent

  • Detailed Information Gathering We refine our valuation by requesting further detailed insights into your business operations and finances.
  • Formal Letter of Intent (LOI) We submit an LOI outlining detailed, mutually agreeable terms of the proposed transaction.
  • Your Decision Point You decide whether to continue based on the refined terms and our collective understanding.
3
8 - 12 weeks

Due Diligence & Closing

  • Transition Planning Together, we’ll plan for the future. Will define go-forward roles, identify areas for investment, and ensure the transition works for both you and your team.
  • Final Information Request We request comprehensive information to validate our understanding and assumptions.
  • Focused Due Diligence We complete due diligence with help from external advisors (e.g., accountants, lawyers, and our investors), emphasizing transparency and minimizing disruption to your operations.
  • Finalize Purchase Agreement We collaboratively finalize the purchase documentation to ensure clarity and alignment.
  • Closing We execute final documents, and funds are securely transferred to complete the transaction smoothly.
Pacific AspenPrivate EquityStrategics
ProcessTransparent, flexible, and tailored to your timelineMonths of bureaucracy and due diligenceComplex approval chains and risk of trade secrets exposed
Deal StructureStructured to your needs: full, partial, or phased cash exitRestrictive, delayed earn-outs commonlimited cash and usually stock that could be subject to market risk
TransitionYour business is our #1 priority, and we offer flexibility in management transitionOwners are often required to stay long after closingManagement reshuffled; Consolidation leads to layoffs
Culture & LegacyWe step in full-time, unlock the potential of the business, so you focus on what you loveDistant oversight; heavy reporting, little hands-on supportDecisions are centralized; autonomy is lost within a larger bureaucracy
Growth StrategyLong-term growth with capital for acquisitions and reinvestmentShort-term value boosts are often rooted in financial engineeringLeadership change or new acquisition may shift focus away from your core customers and services
Holding PeriodPatient capital: We plan to operate in the long term3-5 year exit cycle is standard; the incentive is to exit earlyVaries; dependent on corporate priorities and market swings

Meet the Founders

Jiening Liu

Co-Founder, Managing Partner

Jiening grew up in Zhejiang, China, a region known for its entrepreneurial spirit. Many of his relatives started businesses in textiles, machinery, and winemaking. This culture of ownership influenced him early. Jiening was the first in his family to study abroad and earned his master's in mechanical engineering from Penn State. He then spent six years at Global Resources International, a mid-sized healthcare product manufacturer, working in engineering, sales, and business unit leadership. During this time, he helped double the company's revenue in six years and set up new manufacturing facilities in Alabama, U.S., and Jiaxing, China. Most recently, Jiening worked in program management leadership at Medtronic and Philips. He led the global launch and expansion of new medical devices, doubled production capacity, and improved margins and efficiency by over 50% through a lean transformation. Jiening earned his MBA from The Wharton School, focusing on marketing and operations. He lives in Jacksonville, Florida, and enjoys spending time on the golf course with Maximus as they learn the game together.

Arian Rahbari

Co-Founder, Managing Partner

Arian is a founder and operator with a track record of building and scaling tech-enabled businesses. He founded and leads an apartment-hotel platform, scaling it across 4 assets and $75M in real estate assets with 20+ employees. The company is profitable, with seven-figure EBITDA. Arian owns the full P&L, go-to-market strategy, fundraising, and cross-functional teams spanning product, operations, and revenue. Prior to this, he founded and sold a venture-backed B2B startup. He holds an MBA from Wharton and a degree in Software Engineering from the University of Waterloo.

Investment Criteria

Financial

Consistent Cash Generation, EBITDA $2~$8M, Revenue $8~40M, Enterprise Value $10~50M

Ownership

Privately Owned; High-integrity founder seeking succession, liquidity event, or strategic partner to unlock the next chapter of growth.

Industry

Industrial and B2B service

Geography

U.S.-based, with a stable customer base and strong employee culture

We would love to hear from you

Please provide your email so that we can schedule an introductory call.

We respect your privacy and will keep all information and conversations strictly confidential.