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Top Illinois M&A Advisory Firms

Explore 71 Illinois M&A Advisory Firms that leverage Axial’s platform to connect with investors on behalf of their clients.

Axial Insights

Illinois M&A Advisory Firms

71

Active Firms

29

TTM Deal Flow

$3M-$12M

Core Revenue Range

$500K-$2M

Core EBITDA Range


Industrials 45%
Consumer Goods 24%
Business Services 10%
Food & Hospitality 7%
Agriculture 3%

Best For: Owner-Led Companies | Typical Fee: Retainer & Success fee | Coverage: Sector Expertise With Hands-On Execution

Showing 1-20 of 71 M&A Advisory Firms

Sorted by recent activity

Tsalach Corporate Finance

3 Closed Deals via Axial 18 Total Closed Deals
Tsalach Corporate Finance was formed by Paul Nelsen with the aim of becoming the leading broker of privately held businesses in the UK and North America. The word Tsalach - pronounced zalak – means prosperity, success and to go forward in power. This seemed to us an ideal name that sums up our ethos and intent. Paul Nelsen began his career in Wall Street with legendary investment bank Donaldson, Lufkin & Jenrette; “the house that research built” and then with the Chicago Private Equity pioneer GTCR - Golder Thoma Cressey Rauner. Since 1995 Mr. Nelsen has become a leader in selling…

Recent Transactions

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  • Apr 2026 Advised Confidential Company in its sale to Sopris Partners
  • Mar 2026 Advised DCJet Services in its sale to West Star Aviation
  • Feb 2025 Advised Superior Fruit Equipment in its sale to Bochi Investments
  • Jul 2024 Advised A & A Refuse Services, Inc. in its sale to Casella

PivotPoint Company

2 Closed Deals via Axial 3 Total Closed Deals
PivotPoint Company is a M&A Advisory firm. We work closely with business owners to execute business sales and acquisitions. Our focus is on businesses from over $2 million in sales to $100 million or more. We work are industry agnostic and work throughout the U.S.

Recent Transactions

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  • Jul 2025 Advised Confidential Company in its sale to Confidential Company
  • May 2022 Advised Homan Lumber on an investment from Great Lakes Forest Products
  • Nov 2021 Advised Paramount Plastics on an investment from Empowered Ventures

Stevenson & Company

1 Closed Deal via Axial 35 Total Closed Deals
Stevenson & Company is a highly successful merger and acquisition advisory firm that has worked with mid-size companies for 30 years in the sale or acquisition of hundreds of businesses. We work closely with you to guide your people through a sale or purchase to achieve maximum rewards. Because all of our advisors have either owned or run their own businesses, we have the first-hand knowledge it takes to strategically position and complete a successful company sale or purchase. Stevenson & Company is only satisfied when the results of a transaction meet or exceed your business and personal…

Recent Transactions

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  • Oct 2024 Advised Ascend Packaging Systems in its sale to SMG Group
  • Oct 2023 Advised 10X Technology in its sale to Confidential Company
  • Sep 2023 Advised Adams Magnetic Products in its sale to High Street Capital
  • Oct 2022 Advised Phoenix Electric Manufacturing in its sale to North Park Group

Caber Hill Advisors

1 Closed Deal via Axial 21 Total Closed Deals
Caber Hill Advisors is committed to working with business owners so they can successfully fulfill their personal and professional legacies. We serve small and middle market companies, in very specific verticals, who want to either sell their business or make an acquisition. Our firm's innovative approach combines the best elements of the local business brokerage community and the large, very expensive investment banks. The result is that our clients receive individualized attention and expert guidance specific to their industries. Our professionals have all worked in the markets we now serve,…

Recent Transactions

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  • Nov 2025 Advised Confidential Company in its sale to Confidential Company
  • Aug 2025 Advised CLC in its sale to Confidential Company
  • Jan 2025 Advised Gavel in its sale to One10
  • Sep 2024 Advised ASD on an investment from N3 Capital

MIDCAP LTD

1 Closed Deal via Axial 6 Total Closed Deals
MidCap Ltd is an M&A Advisory firm, which caters to the middle market. Our clients are primarily closely-held companies in service, technology, manufacturing and distribution industries with annual revenues of $5 - $150 million and selected early stage businesses. MidCap serves as a specialized business and financial advisor in the sale, merger, purchase or recapitalization of a company, corporate development, business combination and restructuring transactions.

Recent Transactions

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  • Aug 2026 Advised LWF Retail Apparel in its sale to Confidential Company
  • Dec 2025 Advised Battery Service Corporation in its sale to Confidential Company
  • Jul 2020 Advised Opticare Eye Health Centers in its sale to Zenyth Partners (Private Equity Firm)
  • Jul 2020 Advised OptiCare Eye Health & Vision Centers in its sale to Zenyth Partners

Focus Capital Advisors, Inc.

1 Closed Deal via Axial 1 Total Closed Deal
Focus Capital Advisors, Inc (FCA) is comprised of a talented team of dealmakers that are proud to have closed over 200 transactions during their respective careers. Our highly skilled professionals provide clients with powerful strategies for optimizing the value of each transaction. This is accomplished through creative tax strategies, solid industry experience and contacts and the ability to solve problems to get the deal done. Many of our clients have built very good companies with solid products or services, good technologies and hard working people but turning all of that into cash or…

Recent Transactions

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  • Feb 2020 Advised Confidential Company in its sale to Confidential Buyer

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Triangle Healthcare Advisors

1 Closed Deal via Axial 1 Total Closed Deal
Triangle Healthcare Advisors, LLC is a registered business broker and mergers and acquisitions advisory firm specializing exclusively in healthcare services. Our Partners have led Mergers & Acquisitions for Walgreens, Pediatric Services of America, Option Care, and Omnicare (part of CVS Healthcare). 

Recent Transactions

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  • Mar 2022 Advised Confidential Company in its sale to Confidential Buyer
We help the owners of privately held corporations in the selling process. Our over fifty years of combined experience in the Midwest Mergers and Acquisitions market gives both buyer and seller the confidence of knowing the transaction will be handled professionally.

Recent Transactions

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  • Jul 2025 Advised DuPage Precision Products in its sale to Quad Innovations
  • Apr 2025 Advised Fire Safety Company in its sale to Cintas
  • Oct 2023 Advised ROW Inc in its sale to Carco prp
  • Aug 2023 Advised Frank's Employment, Inc. in its sale to Peloton Inc.
Business value will always be established when the right buyers are linked with the right sellers. Chicago M&A Advisors focus on the building sustainable deals that deliver the highest value for all stakeholders. Our process begins with the end in mind with a thorough understanding of owner & management goals.Our experience extends over 25 years of successful entrepreneurial ventures growing, acquiring, merging and divesting businesses as both owners and advisers with a focus on value growth, M&A & converting value into wealth.Typical deals may include accelerating growth through strategic…

Recent Transactions

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  • Jul 2019 Advised RV Dealer Network on an investment from RV Retailer
  • Nov 2018 Advised Qal-Tek Associates LLC on an investment from Cognitive Capital Partners
  • Sep 2018 Advised Cognitive Capital on an investment from Confidential Company
  • Jul 2015 Advised Private in its sale to Private Investor
Lakeside Acquisitions is a premier Mergers & Acquisitions Advisory firm with the sole focus of representing owners of privately held businesses who are looking to maximize value on their sale proceeds. When combined with our proprietary process, buyer network, and deal prowess, we routinely deliver results above our clients’ expectations. We are purposefully not a “Jack of All Trades” nor are we industry agnostic. We only take on select client engagements in specific industries where we can add significant value. Clients find that our success fee pays for itself as our deal experience…

Recent Transactions

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  • Apr 2026 Advised Pink Dumpsters in its sale to Pellitteri Waste Systems
  • Apr 2026 Advised TOGO Disposal in its sale to GFL Environmental
  • Dec 2025 Advised GreenWay Recycling in its sale to Tomorrow Recycling
  • Dec 2024 Advised Site Services in its sale to Atlantic OBX
Through our years of experience, Lighthouse Business Brokers has established a powerful buyer network with thousands of qualified buyers that covers almost every industry. Our buyer's database is comprised of active professional investors and private equity firms that have been through the acquisition process previously and ensures we get your business in front of thousands of qualified buyers on the first day.

Recent Transactions

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  • Mar 2022 Advised Confidential Company on an investment from Confidential Company
  • Mar 2022 Advised Confidential Company on an investment from Confidential Company
  • Sep 2020 Advised Confidential Company on an investment from Confidential Company
  • Sep 2020 Advised Confidential Company on an investment from Confidential Company
SLS Capital Advisors, LLC is a boutique financial advisory firm headquartered inChicago. Our singular focus is on the unique challenges and opportunities facingmiddle market firms. From the deep industry, financial, and consulting backgroundsof our firm’s partners and affiliates, we employ both breadth and depth of experience to drive insights and results for firms seeking strategic options for growth, and for those evaluating corporate transitions.With a guiding principle of long-term value creation, our clients are able to maximize options for their destinies — whether that is organic…

Recent Transactions

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  • Oct 2024 Advised Confidential Company in its sale to Confidential Company
  • Sep 2023 Advised Confidential Company on an investment from Confidential Company
  • Dec 2022 Advised Project Vega in its sale to Confidential Company
  • Mar 2022 Advised Confidential Company on an investment from Confidential Company

Chapman Associates

4 Total Closed Deals
Since 1954, Chapman has provided middle market companies (currently valued between $3 million and $150 million) with the same resources, expertise and representation that is usually available only to much larger companies. Chapman is recognized as one of the top mergers and acquisitions firms not only in Schaumburg, Illinois. But in the country. Our clients receive complete, confidential consulting and advisory services throughout the merger or acquisition process.

Recent Transactions

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  • Apr 2022 Advised Confidential Company on an investment from Confidential Company
  • Apr 2021 Advised Confidential Company on an investment from Confidential Company
  • Apr 2021 Advised Confidential Company on an investment from Confidential Company
  • May 2018 Advised Confidential Company on an investment from Confidential Company

Phoenix Affiliates

3 Total Closed Deals
Phoenix Affiliates offers clients comprehensive buying, selling, acquisition, valuation services and strategic services. Phoenix Affiliates continues to be a pioneer in developing additional business services with its Merger and Acquisition division. Our website attracts buyers from all over the world, allowing sellers to market their businesses on a global scale. It also has developed relationships with various niche SBA lenders for financing.Phoenix Affiliates belongs to the International Business Brokers Association (IBBA), the Midwest Business Brokers and Intermediaries (MBBI), Mergers &…

Recent Transactions

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  • Jun 2023 Advised Confidential Company on an investment from Confidential Company
  • Jun 2023 Advised Confidential Company on an investment from Confidential Company
  • Dec 2021 Advised Confidential Company on an investment from Confidential Company

Venture10

3 Total Closed Deals
Founded in 2004, Venture10 is a leading lower middle-market M&A advisory firm specializing in representing sellers and buyers in the printing and packaging industry.Clients include leading companies focused on direct mail production envelope converting, commercial printing, packaging, labels, display graphics/signage, fulfillment, 3PL, printing equipment manufacturers and software solution providers.

Recent Transactions

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  • Sep 2024 Advised Quick Printing Services Company ($1M+) in its sale to Sababa Capita
  • Nov 2022 Advised Royal Envelope Corp. - Chicago in its sale to SupremeX, Inc.
  • Nov 2022 Advised Royal Envelope Corp - Chicago in its sale to SupremeX, Inc. Montreal
Novant Capital Group is a private equity firm specializing in software. Together with our partners, we design long-term strategies to achieve the most advantageous venture performance.We develop, execute, incorporate, and uphold strategic plans. This goal is achieved through solid partnership with exceptional professional partners.

Recent Transactions

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  • Oct 2014 Advised MSM, Inc. in its sale to MIDWEST SPECIALTY METALS ACQUISITION, INC.
  • Dec 2013 Advised Individual Buyer on an investment from Confidential
Front Runner Consulting, LLC is an M&A intermediary for MBO executives and companies seeking capital. About Front Runner Consulting, LLC Front Runner Consulting® started as an executive search business. Client-customers include turnaround and restructuring firms, finance companies providing advisory service, private equity groups, law firms, and investment bankers. Prior to starting Front Runner Consulting, Dave Marx was the number one recruiter within his office for one of the world's largest executive search firms. Business Recruiter Because Front Runner Consulting works with business…

Recent Transactions

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  • Jun 2014 Advised Kecy Corporation in its sale to ARC Group
Business ValueXpress (BVX) is one-of-a-kind business valuation software that simplifies business valuation and provides objective valuations that equal real-life actual transaction. BVX integrates Price, Terms and Deal Structure, and uses optimization techniques to satisfy the needs of all parties to an M&A transaction. Some of its unique features are, cash vs. financed valuation, stock vs. asset purchase valuation, mezzanine equity determination, and goodwill calculation. With BVX one can perform live interactive valuations. BVX does not use any formulas, nor does it use any market data.

Recent Transactions

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  • Oct 2018 Advised Confidential Company on an investment from Confidential Company
Blackmore Partners Inc. is a buy-side private equity intermediary that sources proprietary deals through its executive network. The firm offers fund raising, divestitures,and mergers and acquisitions advisory services. Additionally, it provides ideation and strategy development, turnaround and executive management, business process engineering, and market research services. Blackmore Partners was founded in 2007 and is based in Chicago, Illinois.

Recent Transactions

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  • May 2012 Advised na in its sale to na
The Business Exchange is a full-service business brokerage and intermediary firm. We provide all the services and support necessary to complete the sale of a business to the satisfaction of both the buyer and the seller. Our track record of success and solid reputation as a leader in our industry spans over three decades and was built on delivering positive results.Having assisted several hundreds of owners in the sale of their businesses, our team of professionals has over 100 years of collective experience closing business transactions. We work as a group to bring buyers and sellers…

Recent Transactions

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  • Mar 2023 Advised Confidential Company on an investment from Confidential Company

Frequently Asked Questions

How are M&A Advisory Firms in this directory ordered?

Firms in the Illinois M&A Advisory Firms directory are ordered based on recent deal activity on Axial. The default order reflects observed market signals rather than a subjective ranking of firm quality.

What information is included in each M&A Advisory Firm profile?

Each profile provides information about the firm’s areas of focus, transaction criteria, and relevant activity on Axial’s M&A platform. Together, these details provide a clearer view of where a firm is active and the types of companies and opportunities most relevant for it.

What company sizes are most common for Illinois M&A Advisory Firms?

Based on activity on Axial’s M&A platform, the core revenue range for Illinois M&A Advisory Firms is $3M-$12M, with a core EBITDA range of $500K-$2M. Company size can be an important indicator of fit, as firms often concentrate their experience, resources, and transaction activity within particular segments of the market.

How important is location when evaluating M&A Advisory Firms?

Location can be an important consideration, but it does not necessarily define where a firm is active. Firms based in Illinois may bring regional knowledge, local relationships, and experience with businesses in the area, while many also pursue opportunities across a broader geographic footprint. Geography is best considered alongside sector focus, company size, and relevant transaction activity.

Do all M&A Advisory Firms in this directory operate exclusively in Illinois?

Not necessarily. A firm’s location does not always define its geographic reach. Many M&A Advisory Firms based in Illinois are active across multiple regions, while firms based elsewhere may also participate in the Illinois market. Location can provide useful context, but it should not be interpreted as a firm’s geographic boundary.

How do I compare M&A Advisory Firms in Illinois?

When comparing M&A Advisory Firms in Illinois, consider factors such as sector focus, size range, and recent transaction activity. These characteristics vary across the 71 firms included in the directory and can help identify firms that align with your needs.

How do I connect with Illinois M&A Advisory Firms?

Axial can help you identify and connect with firms based on your objectives and what you are looking to accomplish. The process varies depending on your role and transaction needs. If you are interested in connecting with firms in the Illinois M&A Advisory Firms directory, you can request information here.


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