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Comparison

Edgewater Capital Partners vs Excellere Partners (advisory)

Comparing two boutique M&A advisors · Last updated April 23, 2025

AttributeEdgewater Capital PartnersExcellere Partners (advisory)
TypeIndustry specialistBoutique
HQCleveland, OHDenver, CO
Founded19982006
Sector focusIndustrials, Specialty MaterialsIndustrials, Healthcare
Deal size$10M-$150M$15M-$200M
Senior team
  • Paul Fehlner
    Managing Director
  • Robert Martin
    Co-Founder
Rating Locked Locked
Reviews0 verified0 verified

Choosing between Edgewater Capital Partners and Excellere Partners (advisory)

Edgewater Capital Partners and Excellere Partners (advisory) both work in Industrials. Founders running a sell-side process in those categories often see both names on their advisor longlist, which is why this comparison comes up. Edgewater Capital Partners is a industry specialist while Excellere Partners (advisory) is a boutique, so the underlying business models differ even where the sector coverage overlaps.

Edgewater Capital Partners is headquartered in Cleveland, OH and was founded in 1998, while Excellere Partners (advisory) operates out of Denver, CO and was founded in 2006. Geography matters here: Edgewater Capital Partners's Cleveland relationships and Excellere Partners (advisory)'s Denver relationships will overlap on national strategics but diverge on the regional private equity buyer set most likely to push price. On deal-size focus, Edgewater Capital Partners states $10M-$150M while Excellere Partners (advisory) states $15M-$200M. Beyond shared coverage, Edgewater Capital Partners also reaches into Specialty Materials, while Excellere Partners (advisory) extends into Healthcare.

For founders deciding between Edgewater Capital Partners and Excellere Partners (advisory), the honest recommendation is to take a working session with each named partner before signing. Read the firm-level reviews on BankerNotes for the pattern that matters most: did the partner who pitched the mandate run the buyer calls and final negotiations, or did the work slide down the org chart by week six. That pattern, more than league-table position, is what separates a good outcome from a mediocre one.

Firm A profile
Edgewater Capital Partners
Cleveland, OH

Edgewater Capital Partners is a industry specialist headquartered in Cleveland, OH and founded in 1998. The firm focuses on Industrials, Specialty Materials and typically advises on transactions in the $10M-$150M range. ...

Read the Edgewater Capital Partners profile and reviews
Firm B profile
Excellere Partners (advisory)
Denver, CO

Excellere Partners (advisory) is a boutique headquartered in Denver, CO and founded in 2006. The firm focuses on Industrials, Healthcare and typically advises on transactions in the $15M-$200M range. Key dealmakers inclu...

Read the Excellere Partners (advisory) profile and reviews

Frequently asked questions

What is the main difference between Edgewater Capital Partners and Excellere Partners (advisory)?
Edgewater Capital Partners is a industry specialist HQ'd in Cleveland, OH (founded 1998), focused on Industrials, Specialty Materials, with a typical deal range of $10M-$150M. Excellere Partners (advisory) is a boutique HQ'd in Denver, CO (founded 2006), focused on Industrials, Healthcare, with a typical deal range of $15M-$200M. Beyond those facts, the most reliable differentiator is senior banker attention, which BankerNotes reviews are designed to surface.
Which firm has better founder reviews, Edgewater Capital Partners or Excellere Partners (advisory)?
Edgewater Capital Partners's current rating is Locked (reviews unlock after five verified founders submit ratings). Excellere Partners (advisory)'s current rating is Locked (reviews unlock after five verified founders submit ratings). Read the individual firm profiles for the full review breakdown.
Should I shortlist both Edgewater Capital Partners and Excellere Partners (advisory)?
For most founders evaluating sell-side advisors with overlapping sector and deal-size fit, putting both on a shortlist is reasonable. The point of a bake-off is to test how the senior team behaves under pressure, how the firm shapes the buyer universe, and how it handles a difficult diligence question. Treat the shortlist as an interview, not a beauty contest.
How does BankerNotes verify reviews of Edgewater Capital Partners and Excellere Partners (advisory)?
Every review is submitted by a founder who confirms they hired the firm as their sell-side advisor. We verify the reviewer privately using work email, LinkedIn, and approximate engagement timing. The verified identity is never published. Only the rating, written review, and a generic sector label appear on the public page.

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Last updated: April 23, 2025