Overview

M&A advisory for $10M–$25M transactions

66 of the 100 firms in this ranking cover deals in the $10M–$25M range. Advisor fit tends to matter more than advisor prestige at any given size: a firm with real experience closing deals at your scale will usually outperform a larger firm that treats your deal as a smaller engagement.

Segment

Where these firms sit

Market segment among the 66 firms covering $10M–$25M deals.

Lower Middle Market
35
Lower Middle / Middle Market
24
Middle Market
4
Small / Lower Middle Market
3
Industries

Top industries at this size

Business Services
52
Industrials
46
Consumer
27
Ranked Firms

Firms covering $10M–$25M deals

Ranked by overall Top 100 research rank, filtered to firms whose deal-size range overlaps $10M–$25M.

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Watch for mismatched ranges

Several firms covering this band list ranges that stretch to $500M or beyond. A firm whose range spans 50x doesn’t necessarily give a $15M deal the same attention as a firm whose entire practice is built around this size. When a listed range is unusually wide, it’s worth asking directly what share of the firm’s actual closed deals fall near your size.

Sources

Where this data comes from

Firm rankings & deal-size rangesAxial Advisor 100, 2026 ↗
Band overlap countsCalculated from normalized firm-level ranges
Data as ofAug 19, 2026
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