Boutique M&A advisors, by deal size
Enterprise value sets the rules of an M&A process. The right advisor for a $20M sell-side mandate is rarely the right advisor for a $500M one. Browse boutiques tuned to your size band.
- Under $25M180 firms with overlapping range
Sub-$25M sell-side processes are won and lost on banker attention. Founders in this band need advisors who treat a $15M deal as a real engagement, not a training mandate.
- $25M to $100M197 firms with overlapping range
The $25M to $100M band is the heart of the lower middle market. Buyer pools widen, process discipline matters, and senior banker time is the variable that moves outcomes.
- $100M to $250M161 firms with overlapping range
Once enterprise value crosses $100M, strategic and financial buyer interest deepens. The advisor's role shifts toward staging competitive tension across a more demanding diligence cycle.
- $250M to $500M77 firms with overlapping range
The $250M to $500M band sits between the lower middle market and the upper middle market. Founders here often weigh a focused boutique against a larger firm with more bandwidth.
- $500M to $1B44 firms with overlapping range
Half-billion-dollar processes attract a broader buyer universe and a heavier diligence footprint. Founders generally pick advisors with the seniority and balance-sheet relationships to run a polished process.
- Over $1B21 firms with overlapping range
Above $1B, the advisor universe narrows. Founders selling at this scale tend to choose senior partners with a long track record of running headline transactions in their sector.