About Icon Business Advisors

ABOUT ICON

Built by Operators, for Operators

Nashville-based AI consulting and M&A advisory firm for lower middle market business owners. Operators who advise. Founded by Daniel Askew, with $450M+ in sales across his 25-year operating career.

The Track Record

$450M+

In sales across Daniel’s 25-year operating career

25+

Years Daniel has spent building and running companies

6

Services from one team: Icon AI, Exit, Acquire, Capital, Partner, and Commercial

Our Story

Most M&A firms are built by bankers. Career deal processors who have never made a payroll, never lost sleep over a customer who threatened to leave, never sat in a room wondering whether there was enough cash to cover Friday. They are good at the mechanics of transactions. They have never built anything.

Icon was built by someone who has. Daniel Askew spent 25 years building companies from scratch before he ever advised on a deal, with $450M+ in sales across that operating career. He raised capital, negotiated acquisitions, and made expensive mistakes with his own money. By the time he founded Icon, he had been the owner sitting across the table from an advisor with impressive credentials and no idea what it cost to build what was being sold.

Rachel Askew joined as COO and Operating Partner in 2025, bringing 25+ years of leadership across healthcare, financial services, and technology. She built the systems, structure, and delivery that turned Icon from a founder-led practice into a firm. Together, they built the firm they wished they had as owners: operators who advise.

What Makes Icon Different

Operator Credibility

Your advisor has built companies, negotiated exits, raised capital, and made payroll. Not theoretically. With his own money, his own risk, his own sleepless nights. That changes how we advise because we know what you are protecting. We have been in your chair.

Our Own AI System

We run Icon on our own AI system. It helps us source deals, track the market, build valuation analysis, and turn around client materials quickly. It lets a small team cover a lot of ground.

Real Relationships

We know private equity firms, family offices, strategic buyers, and business owners across the Southeast and nationally. We put those relationships to work on your deal.

Co-Entrepreneur Model

Daniel does not just advise business owners. He actively co-founds and operates businesses alongside them. This is not a side hobby. It is how we stay sharp. When your advisor is also an active operator, the advice is grounded in reality, not theory. We eat our own cooking.

One Team, Every Stage

We built Icon to work with owners at every stage: putting AI to work, exit planning, valuation, selling, buying, raising capital, fractional leadership, and commercial real estate. One relationship. Every stage.

Relationships First

We take on a limited number of engagements so every client gets our full attention. We measure success by outcomes and referrals. The best compliment we receive is when a business owner tells another business owner: “Call Daniel.”

How We Serve Business Owners

Six services, one team. Start with the one you need today.

Icon AI

AI that does real work inside your business. We find where AI pays off, put it to work across your core workflows, and train your team to run it. You own everything we build.

AI Assessment · Foundation Build · AI Operating System

Icon Exit

Sell your business on your terms, when you’re ready. Confidential sell-side M&A from operators who have sat in your chair.

Exit Planning · Business Valuation · Exit Readiness Score · Get your Snapshot: talk to us

Icon Acquire

Find and buy the right business. You tell us what you want to own. We go find it, screen it, make the introductions, and run the deal with you through LOI, diligence and close.

Deal Evaluator · SBA Loan Calculator

Icon Capital

Raise the money to grow, buy, or buy out a partner. Growth capital, acquisition financing, and recapitalization for real businesses with real revenue.

DIY Term Sheet Builder

Icon Partner

Operating leadership inside your business. A fractional COO or CPO who works with your team every week and owns the work.

Icon Command Center

Icon Commercial

Your business and your building, advised together. Sell them together, sell them separately, or keep the building and lease it back.

Selling a business with real estate · Sale-leaseback advisory

Free tools and a conversation: Get your Snapshot: talk to us, Exit Readiness Score, and more in the Toolkit.


Meet the Team

Daniel Askew, Founder and CEO of Icon Business Advisors

Daniel Askew

Founder & CEO

Daniel is a Nashville native and serial entrepreneur with 25+ years as an operator. Before founding Icon, he built and led companies from startup through scale.

Over his 25-year operating career, before Icon, Daniel personally drove $450M+ in sales at the companies he built and led. Daniel still co-founds and runs businesses alongside owners he advises, because the best advisors still operate. He leads every Icon client engagement personally, and he knows what it is like to be the founder negotiating a deal that represents everything he built.

Before Icon, Daniel was a partner at Five Doors Network, where he built the company’s Southeast region. Five Doors ranked No. 113 on the 2018 Inc. 500 list of America’s fastest-growing private companies.

Rachel Askew, COO and Operating Partner at Icon Business Advisors

Rachel Askew

COO & Operating Partner

Rachel brings 25+ years of leadership across healthcare, financial services, and technology. She builds teams, fixes operations, and puts in the systems that let a growing company scale without losing its culture.

At Icon, Rachel runs client delivery, systems, team operations, and the technology behind the firm. If Daniel is the vision and energy, Rachel is the precision and execution.

What Owners Say

“

The Icon team ran a process that was tighter and more professional than what I saw from two national investment banks. They identified a buyer I never would have found on my own, managed the entire diligence process, and fought for deal terms that my attorney said were the strongest he had seen in a transaction our size. We closed at a number I did not think was possible twelve months earlier.

Michael R.

Founder, Industrial Services Company

“

Rachel and the Icon team came in during one of the most complicated periods of our company’s history. We needed growth capital but our financials told a messy story. Rachel rebuilt our narrative from the ground up, organized two years of operational data into something investors could actually evaluate, and personally managed the conversations with four different capital partners. We closed our raise in under 90 days with terms that let me keep control of the business. I have worked with consultants who charge twice as much and deliver half as much clarity.

Jennifer L.

CEO, Regional Healthcare Services Group

“

I have hired lawyers, accountants, and two different brokers over the years. Daniel is the first advisor who actually understood what it feels like to be the person writing the checks. He challenged my assumptions about valuation, pushed back on my timeline in a way that saved me real money, and was honest about what buyers would and would not pay for. That kind of trust is rare. I have since referred three other owners in my network to Icon and every one of them has thanked me for it.

David K.

Founder, Technology Services Firm

Nashville Roots, National Reach

Icon is headquartered in Nashville, Tennessee, and works with owners across the Southeast and nationally. Our market pages cover Nashville, Memphis, Clarksville, Bowling Green, Birmingham, Huntsville, Knoxville, Atlanta, and Chattanooga.

Ready to Meet the Team?

Tell us about your business and we will match you with the right service and advisor. Every conversation is confidential.