Local Advisors, National Presence, Global Reach.

Oklahoma-based M&A advisors who work with you
directly and connect you to qualified buyers nationwide.

about us

Serious About Selling
Your Business?
So Are We.

Since 1987, Bluestem has represented dozens of businesses across Oklahoma and beyond. With offices in Tulsa and Oklahoma City, we stay close to our clients and manage the entire sales process alongside them from start to finish.

Our team brings experience from investment banking and corporate M&A, applying that background to guide business owners through complex sales. Through our partnership with IBG, our national network reaches buyers across the U.S., and through Eaton Square, we connect to international buyers.

Selling Business

Sell-Side Advisory &
Transaction Support

We plan, position, and execute successful sales, managing the process from early planning through closing and connecting owners with qualified buyers nationwide. Our core clients are privately held businesses ranging from $5M to $100M+ in revenue and approximately $1M to $10M in EBITDA. Our team also brings institutional transaction experience from prior roles, including transactions valued at up to $450M, providing perspective and capabilities that extend beyond our core market. Our experience spans manufacturing, industrial services, energy, technology, business services, and a range of other industries.

M&A Advisory

We manage the full transaction process on your behalf, with a focus on maximizing value and getting deals across the finish line.

Lead the sale from valuation through closing.
Develop positioning and marketing materials.
Identify and engage qualified buyers.
Manage outreach, conversations, and negotiations.
Support diligence and closing execution.

Exit Planning & Strategic Advisory

For owners not ready to sell today, we help prepare the business to improve value and reduce risk before going to market.

Business Valuations

Clear, market-based valuation insights to support planning and decision-making.

Independent valuation analysis for privately held companies.
Rooted in financial analysis, valuation modeling, and comparable transaction data.
Supports exit planning, ownership transitions, and sale readiness.
Identifies key value drivers and potential areas for operational improvement.

We also support buyers seeking acquisitions. Contact us to learn more about available buy-side services.

how it works

The Process

We follow a structured process designed to guide business owners from initial planning through closing. Each step is built to position the business, engage the right buyers, and support a strong outcome. A typical transaction takes 9+ months and follows a defined path.

Stage 1

Preparation

Financial review and business analysis.

Stage 2

Market Outreach

Targeted buyer outreach to private equity and strategic groups.

Stage 3

Offers to Close

Negotiations, diligence, and closing
execution.

Thinking About
Selling Your Business?

Start with a confidential conversation. We’ll walk you through what to
expect and how to get started.

advisors

Proven Experience & Hands-On Execution

Bluestem is led by advisors with backgrounds in investment banking, corporate M&A, and executive leadership. Together, the team brings institutional deal experience and a local, hands-on approach to every transaction.

View Bio

Matt brings 30+ years of executive and transaction experience across energy, technology, and commodity sectors. He has held leadership roles with companies including The Williams Companies and led the launch of the U.S. division of the Natural Gas Exchange, now part of Intercontinental Exchange (NYSE: ICE). At Bluestem, he focuses on seller representation, valuation, and guiding transactions from preparation through closing.

Matt Frye

Managing Partner

View Bio

Keeton brings experience in corporate M&A and financial analysis, supporting transactions ranging from $50MM to over $450MM. His background includes corporate development for a Roper Technologies portfolio company and experience supporting investment and valuation work tied to Goldman Sachs, J.P. Morgan, and Deutsche Bank. He leads client engagements and manages the Oklahoma City office.