An $18M offer. $13M cash at close. $5M tied to an earnout.
That's $13M and a โmaybe.โ
๐ฐ A bigger offer isn't always a better deal.
Scott Mitchell of @SDRVentures explains why owners shouldn't count earnouts as guaranteed purchase price.
Full article linked in comments ๐
1,326 active independent sponsors on the platform.
20 firms made the list. ๐
Meet Axialโs Top 20 Independent Sponsors for 2026.
Read about each featured firm. Link in comments ๐
From self-funded searchers to a $220M PE fund.
After graduating from @HarvardHBS, Alex de Pfyffer & Ross Porter launched a self-funded search.
Today, Heritage Holding has completed nearly 50 acquisitions across 12 active platforms.
They share the journey on Masters in Small Business M&A - link in comments.
#PrivateEquity #SearchFunds #MergersAndAcquisitions #HBS
3,047 deals came to market via Axial in Q1 2026.
๐ญ Industrials led both volume and pursuit rate for the 3rd straight quarter.
๐ Transportation up 20.65% YoY.
๐๏ธ Consumer Goods down 11.36%.
Full breakdown in comments.
50 firms. One list.
Our Top 50 Technology Investors & M&A Advisors of 2026 highlights the Axial members most active & sought after in tech M&A across the platform.
See who made the cut ๐
Whoโs Buying in the Lower Middle Market in 2026?
Axialโs latest report breaks down the data behind todayโs buyer landscape โ whoโs buying, what theyโre targeting, and how behavior is shifting over time.
Included in the report:
๐ฅ The number of active Axial buyers
๐ฐ Deal demand by EBITDA range & firm type
๐ Trends in new buyers joining the platform
๐ Average TEVs by firm type
๐ Featured 2025 closed deals
#MandA #PrivateCapital #DealFlow #BuyerTrends #BusinessAcquisitions
๐ New Winning LOI
Weโre breaking down the LOI for a tech company offering outsourced IT & cybersecurity services with $10Mโ$12M revenue & $750Kโ$1M EBITDA. ๐
๐ผ Deal Snapshot
โข Change of Control | $6Mโ$8M transaction value
โข 8.5xโ9x EBITDA multiple
โข 79% cash, 10% rollover equity, 11% seller note
โข 88 days to executed LOI, 120 days to close
โข Private Equity buyer
#MandA #LOI #TechDeals #Valuation
The latest Winning LOI features a GPS tracking services company that was acquired via the Axial platform by an individual accredited investor.
LOI Terms
$12M โ $15M Purchase Price
4x โ 4.5x TTM EBITDA
๐ฐ 90% Cash
๐ 10% Earnout
๐ซ Seller Note
๐ซ Earnout
๐๏ธ New Episode: Masters in Small Business M&A
Ep. #40 โ Furniture Industry M&A with Bo Stump of Stump & Company.
From domestic manufacturing โก๏ธ global sourcing โก๏ธ e-commerce, the furniture supply chain has transformed.
Hereโs how it impacts valuations, buyers & exits.
๐บ Watch on YouTube: https://t.co/FJTqPlh6ng
#InvestmentBanking #MergersAndAcquisitions #Podcast #SMB #Dealmakers