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Top 25 Lower Middle Market Business Brokers: 1H 2026

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We’re excited to release the latest edition of Axial’s semi-annual Business Broker League Table, which benchmarks performance and recognizes the firms driving results in the sub-$10M M&A market.

This league table is separate from Axial’s Lower Middle Market Investment Banking League Table, which remains focused on the $10M-$100M M&A market.

Below are select 2026 closed transactions advised by featured M&A business brokerages on this list.

 

Select 2026 Axial Closed Deals


Axial’s business broker league table ranking methodology (detailed methodology available in the footnotes) is primarily driven by four factors:

  • Deal attractiveness (measured by pursuits per deal and total recommended buyers)
  • Buyside targeting effectiveness (measured by pursuit rate per deal)
  • M&A process effectiveness (sell-side ability to advance buyers from initial pursuit to NDA to CIM)
  • Deal competitiveness and final outcome (LOI and close rates)

Congratulations to these M&A brokerages for their dealmaking achievements!

 

Top 25 Business Brokers | 1H 2026

Rank Firm Name HQ
1 Business Exits Beverly Hills, CA
2 HedgeStone Business Advisors Syosset, NY
3 Transworld Business Advisors West Palm Beach, FL
4 Sunbelt Business Advisors Independence, OH
5 Baton Market New York, NY
6 Calder Capital Grand Rapids, MI
7 TrueWave Brokers Boston, MA
8 IAG M&A Advisors Addison, TX
9 Main Street Wealth Fort Lauderdale, FL
10 Boss Group International Orlando, FL
11 Quiet Light Brokerage Mooresville, NC
12 Website Closers Tampa, FL
13 Crossroads Business Brokers, Inc. Irvine, CA
14 Ascension Advisory New York, NY
15 Gulfstream Mergers & Acquisitions Cornelius, NC
16 Apex Business Advisors Overland Park, KS
17 IBA Bellevue, WA
18 First Choice Business Brokers Seattle, WA
19 Corporate Investment Business Brokers Ft. Myers, FL
20 BayState Business Brokers Needham, MA
21 VR Business Brokers Raleigh, NC
22 Merge New York, NY
23 Business Modification Group Horseshoe Beach, FL
24 The Firm Omaha, NE
25 The Kensington Company Roslyn Heights, NY


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About The Top 25

 

Business Exits

Business Broker
  • 2 Closed Deals via Axial
  • 103 Total Closed Deals
By Entrepreneurs, For Entrepreneurs. The other all-important “x-factor” that gives us an edge over anyone else is the incredible depth of experience that our founder, Jock Purtle, has accumulated as an entrepreneur himself.We have the best APPRAISAL RESOURCES available to give sellers a realistic estimate of what they can expect to sell their business for. In fact we’ve written the most shared and referenced business valuation report on the internet.We work with – and nurture a relationship with – a list of several thousand SERIOUS entrepreneurs and buyers.We have proprietary…
Most Recent Transactions
Advisor
Mar 2026
was acquired by
Advisor
Jan 2026
was acquired by
Advisor
Dec 2025
was acquired by
Advisor
Dec 2025
was acquired by

HedgeStone Business Advisors

Business Broker
  • 2 Total Closed Deals
Sell-side advisor focusing on businesses 5m-20m in revenue. Located in NYC and serving businesses around the country. Please contact Michael Steinberg if interested.
Most Recent Transactions
Advisor
Feb 2026
was acquired by
Advisor
Mar 2022
secured investment from

Transworld Business Advisors - West Palm Beach

Business Broker
  • 1 Total Closed Deal
Transworld Business Advisors is the world leader in the marketing and sales of businesses, franchises and commercial real estate. Whether you represent an acquisition-minded corporation, or are personally interested in owning your own company, Transworld offers the professional services that successfully bring buyers and sellers together. From business brokerage to mergers and acquisitions; we are the business sale specialists.
Most Recent Transactions
Advisor
Apr 2022
secured investment from

Baton Market

Business Broker
  • 22 Total Closed Deals
Baton is a modern marketplace for buying and selling businesses, combining AI-powered buyer matching with experienced M&A advisors to deliver faster, more transparent outcomes. We work with owner-operated businesses across a broad range of sectors, including business services, technology, construction, manufacturing, healthcare, home services, and distribution.For sellers, our team provides data-driven valuations, professionally prepared marketing materials, and hands-on advisory support from listing through closing. For buyers, Baton offers standardized data rooms with verified…
Most Recent Transactions
Advisor
Jul 2026
was acquired by
Advisor
Jan 2026
was acquired by
Advisor
Nov 2025
was acquired by
Advisor
Nov 2025
was acquired by

Calder Capital, LLC

Business Broker
  • 125 Total Closed Deals
Founded in 2013, Calder Capital is a cross-industry mergers and acquisitions advisory firm with offices across the United States. Calder provides valuation, sell-side, and buy-side services. We are nationally recognized for excellence in advising $1-100M enterprise value transactions in manufacturing, construction, distribution, and business services. Calder serves business owners, entrepreneurs, family offices, financial buyers, and investors. Learn more at www.CalderGR.com.
Most Recent Transactions
Advisor
Jun 2026
was acquired by
Advisor
Jun 2026
was acquired by
Advisor
Jun 2026
was acquired by
Advisor
May 2026
was acquired by

IAG M&A Advisors

Business Broker
  • 223 Total Closed Deals
IAG M&A Advisors is a business intermediary consulting firm, facilitating the buying and selling of businesses. With over 100 years of combined experience, the management team has been a leader in the industry and has helped the owners of privately-held companies “cash in” on all their hard work and get the best payoff possible.Services include consulting services, securing accredited third party business valuations and pro forma portrayals of future business performance, seller-buyer matching, providing funding resources for buy/sell transactions, and tax planning and deal structure…
Most Recent Transactions
Advisor
Feb 2026
was acquired by
Advisor
Jun 2025
was acquired by
Advisor
Apr 2025
was acquired by
Advisor
Mar 2025
was acquired by

Main Street Wealth

Business Broker
  • 6 Total Closed Deals
Advising both buy and sell sides in mergers & acquisitions, helping with strategic acquisitions and roll-ups, assisting with valuation, succession, exit plans and post-acquisition integration and implementation, helping with fundraising to finance the deals, and business brokerage services, advising and assisting search fund teams
Most Recent Transactions
Advisor
Nov 2025
was acquired by
Advisor
Oct 2025
was acquired by
Advisor
Jul 2025
was acquired by
Advisor
Oct 2024
was acquired by

Boss Group International, LLC

Business Broker
  • 1 Closed Deal via Axial
  • 34 Total Closed Deals
Boss Group International is the premier company of Florida business brokers, specializing in bringing together sellers and buyers of Florida businesses. Our award winning agents, professional support staff and the network of lenders, attorneys and  other advisors we engage with allow us to be there for you to provide excellent service.
Most Recent Transactions
Advisor
Feb 2026
was acquired by
Advisor
Jan 2026
was acquired by
Advisor
Jan 2026
was acquired by
Advisor
Jan 2026
was acquired by

Quiet Light Brokerage

Business Broker
  • 1 Closed Deal via Axial
  • 197 Total Closed Deals
Quiet Light Brokerage is an advisory firm specializing in providing asset sales and exit services for Internet based comapnies. We provide exit advisory services for the following types of companies:- SaaS and Cloud Based Services- Lead Generation- Online Magazines, Publications, Blogs, and Blog Networks- Forums and Social Networks- Subscription Services- E-Commerce (both dropship and self-fulfilled)Founded in 2007 by a veteran Internet business owner, and staffed entirely with advisors who have individually acquired, built, and sold significant online enterprises, we bring a highly…
Most Recent Transactions
Advisor
Jul 2026
was acquired by
Advisor
Jul 2026
was acquired by
Advisor
Jul 2026
was acquired by
Advisor
Jul 2026
was acquired by

WebsiteClosers.com

Business Broker
  • 499 Total Closed Deals
Website Closers is a Global Franchise, built on the backs of some of the most talented M&A professionals in the world. Our Senior Intermediaries have a wide variety of backgrounds in Technology, High Finance, and Software Companies, either as senior executives or as founders. Our boutique firm is focused on the sale of Technology, Internet & Digital Companies in a large array of industries, including eCommerce, Marketplace (Amazon, Walmart, Etsy, eBay & More), Software (SaaS, IaaS, PaaS and more), Digital Marketing (SEO, SEM, SMO, Email and more), Website Design &…
Most Recent Transactions
Investor
Apr 2026
acquired
Advisor
Feb 2026
was acquired by
Advisor
Feb 2026
was acquired by
Advisor
Feb 2026
was acquired by

Crossroads Business Brokers, Inc.

Business Broker
  • 19 Total Closed Deals
The CrossRoads team has extensive experience in the sale of businesses in a variety of industries. As a highly-paid Senior Manager with BearingPoint (formerly KPMG Consulting), and a former owner of a highly successful Consulting firm, the president of CrossRoads, Mr. Vasilis Georgiou, has advised CEOs of small and mid market companies in multiple industries on matters of operational improvement and business strategy. As a co-owner of a national Home Care agency, Mr. Georgiou has acquired extensive experience in the Healthcare Services sector, such as private duty/private pay (both skilled…
Most Recent Transactions
Advisor
Jul 2025
was acquired by
Advisor
May 2025
was acquired by
Advisor
Oct 2023
was acquired by
Advisor
Jul 2023
was acquired by

Gulfstream Mergers & Acquisitions

Business Broker
  • 12 Total Closed Deals
With Corporate Offices located on the East Coast near Charlotte, North Carolina, And with well over 125 Companies sold throughout the United States, Gulfstream Mergers & Acquisitions has an established reputation for excellence, ethical practices, and impressive results.Whether you are searching for the right firm to sell your company or you are a principal or investor group looking for the right company to acquire, you will not find a stronger ally than Gulfstream Mergers & Acquisitions.We are recognized experts in the acquisition, merger, and selling of companies. Our typical transaction…
Most Recent Transactions
Advisor
Sep 2025
was acquired by
Advisor
May 2025
was acquired by
Advisor
Mar 2024
was acquired by
Advisor
Jul 2023
secured investment from

Apex Business Advisors

Business Broker
  • 1 Closed Deal via Axial
  • 8 Total Closed Deals
Apex Business Advisors offers a complete business sales, merger, and acquisition service. Our experience is critical to a business owner or buyer who needs our guidance in completing a successful transaction. We have been in the industry since 1998 and have successfully completed hundreds of transactions. Our professionals hold various licenses and professional certifications such as Series 7 and 66, CBI, CPA, Real Estate, Life and Health Insurance, and MBAs. We have relationships with professional advisors outside of our organization that can assist in business sale strategy or resources…
Most Recent Transactions
Advisor
Feb 2025
was acquired by
Advisor
Mar 2024
was acquired by
Advisor
Feb 2023
was acquired by
Advisor
Oct 2022
was acquired by

IBA

Business Broker
  • 33 Total Closed Deals
IBA is the largest & oldest business brokerage firm in the Pacific Northwest with four offices (Bellevue & Spokane in Washington and Portland & Bend in Oregon). Our double-digit team of professional M&A intermediaries sell privately held companies and family-owned businesses, along with associated real estate, if applicable. We provide business buyers with quality companies at fair market values to evaluate for potential acquisition. IBA has completed over 4300 business sale transactions since 1975 in industries ranging from retail to manufacturing, technology to service,…
Most Recent Transactions
Advisor
Feb 2026
was acquired by
Advisor
Feb 2026
was acquired by
Advisor
Feb 2026
was acquired by
Advisor
Nov 2025
was acquired by

First Choice Business Brokers - Las Vegas, NV

Business Broker
  • 37 Total Closed Deals
First Choice Business Brokers assists Business Owners sell their business by locating and matching them with a buyer. If you are a business owner and want to SELL or if you are looking for your next business to BUY – you have come to the right place.At First Choice Business Brokers our vision is to become the World's Authority in Business Sales, and with offices throughout the US and internationally it is becoming a reality.First Choice Business Brokers can help YOU sell your current business and/or help you buy your next business in the most professional, knowledgeable and effective manner…
Most Recent Transactions
Advisor
Jan 2026
was acquired by
Advisor
Dec 2025
was acquired by
Advisor
Oct 2025
was acquired by
Advisor
Jun 2025
was acquired by

Corporate Investment Business Brokers

Business Broker
  • 1 Closed Deal via Axial
  • 17 Total Closed Deals
We expedite business sales profitably.Headquartered in Southwest Florida, Corporate Investment Business Brokers (CIBB) has structured over 3,000 business sales and purchases across a diverse range of industries—from local mom-and-pops to major regional companies. Since our founding in 1986, we’ve achieved a total sales volume of over $1 billion. You can depend on the experts at CIBB for:Regional mastery and market expertiseLocal, regional and global marketing resourcesLicensed Florida brokerageReputation for discretion and confidentialityTransactions with SBA Lending and Visa…
Most Recent Transactions
Advisor
Dec 2025
was acquired by
Advisor
Dec 2025
was acquired by
Advisor
Oct 2025
was acquired by
Advisor
Sep 2025
was acquired by

BayState Business Brokers

Business Broker
  • 1 Closed Deal via Axial
  • 71 Total Closed Deals
Our primary service is selling businesses for the owners. In addition, we sell the related real estate and offer business valuations. What sets us apart is that we combine the services of business brokers and merger and acquisition intermediaries to smaller businesses. These services are business valuations prepared by accredited appraisers, professionally prepared reports about the business for buyers, and we do a targeted search to find industry, private equity, and other business buyers for the business we are representing. In addition, our advertising reaches buyers all over the world who…
Most Recent Transactions
Advisor
Jun 2026
was acquired by
Advisor
Jun 2026
was acquired by
Advisor
Jun 2026
was acquired by
Advisor
May 2026
was acquired by

Merge

Business Broker
  • 11 Total Closed Deals
We help entrepreneurs buy and sell amazing businesses! Since 2015, we have guided over 200 media, marketing & tech companies through acquisitions.Our approach to M&A is unique, just like our team. We hated the “old school” way of M&A when we went through the process ourselves, so we decided to do something about it.Today we’re redefining what’s possible in the M&A space. A tribe of trailblazers, disrupting the way things have always been done by thinking differently, challenging the norm, and staying hyper-focused on the industries we know and love.
Most Recent Transactions
Advisor
Jan 2025
was acquired by
Advisor
Jan 2025
was acquired by
Advisor
Jan 2025
was acquired by
Advisor
Jan 2025
was acquired by

Business Modification Group

Business Broker
  • 3 Total Closed Deals
Patrick Lange and Business Modification Group specialize in the sale and acquisition of heating and air companies.Patrick has been recognized as an industry expert in the field of business brokerage, and has earned awards for being the top broker in the region in terms of dollar volume of businesses sold.We have chosen to specialize in the sale of heating and air companies after seeing a need for someone with specific knowledge of the industry as well the ability to market these businesses in effective manner to help his clients achieve predictable results.In addition to facilitating the sale…
Most Recent Transactions
Advisor
Dec 2025
was acquired by
Advisor
Aug 2025
was acquired by
Advisor
May 2022
was acquired by

The Firm

Business Broker
  • 2 Closed Deals via Axial
  • 15 Total Closed Deals
I am an accomplished business woman and entrepreneur with the expertise and instincts for bringing mergers and acquisitions to the closing table. I am the Founder and President of the M&A advisory firm with highest closing volume in the Midwest, where I work personally with clients as well as positioning the company for future growth. While I’m a Nebraska native, prior to providing professional advisory services I worked as a talent agent in New York City and Southern California before returning home to initiate the first licensed talent school in Nebraska. Outside of the office, I am very…
Most Recent Transactions
Advisor
May 2024
was acquired by
Advisor
Jul 2023
was acquired by
Advisor
Jul 2023
was acquired by
Advisor
Jul 2023
was acquired by

The Kensington Company

Business Broker
  • 7 Total Closed Deals
The Kensington Company is a leading merger and acquisitions firm that delivers professionalism, integrity and extensive market experience to every transaction.
Most Recent Transactions
Advisor
May 2023
secured investment from
Advisor
May 2023
secured investment from
Advisor
May 2023
secured investment from
Advisor
May 2023
secured investment from

Business Broker League Table Methodology

A business broker, as defined by Axial, is a sell-side M&A advisor who works on a range of deal sizes, including sub-$10M valuation Main St. transactions, and whose distribution strategies extend beyond Axial and their direct networks.

This league table ranking is based on Axial platform data that reveals client quality, ability to manage a sell-side process, and down-funnel effectiveness. The firms at the top of the Axial Business Broker League Table are leaders across the following categories:

  • Client Quality: Buyside demand for engagements represented by the business broker.
  • Buyside Targeting: The ability to balance selectivity, accuracy, and breadth when identifying potential buyers.
  • Process Effectiveness: The ability to generate positive outcomes for their client. 
  • Overall Deal Relevance: The number of buyside mandates (financial and strategic) that align with the business broker’s marketed engagements.
  • Signed NDAs: The number of buyers that indicated interest in each business broker engagement, measured by the number of signed NDAs.
  • Shared CIMs: The number of buyers that received confidential information post NDA, measured by the number of CIMs shared.
  • LOIs Received: The number of LOIs received from Axial Buyers.
  • Executed LOIs: The number of LOIs that were successfully executed either with an Axial buyer or that were marked under LOI on the Axial platform.
  • Closed Deals: The number of deals closed with an Axial buyer or that were marked as closed on the Axial platform.
  • Buyer Referrals: Feedback from buyers on how the business broker manages their processes.

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