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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.

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Axial Insights

Illinois M&A Advisory Firms

71

Active Firms

30

TTM Deal Flow

$3M-$13M

Core Revenue Range

$500K-$3M

Core EBITDA Range

Top Sectors by Activity

Industrials 43%
Consumer Goods 23%
Business Services 10%
Food & Hospitality 7%
Transportation 7%

Key Attributes

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

Showing 21-40 of 71 M&A Advisory Firms

Sorted by recent activity

Arakelian & Associates

1 Total Closed Deal
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Arakelian & Associates is a M&A Advisor firm that is located in Chicago, IL. We have over 18 years operational experience as a CEO and entrepreneur in the technology, logistics and supply chain sectors. Our founder focuses on advising business owners and executives of privately held, middle market companies on the sale or acquisition of businesses.As a Trusted Advisor, Mr. Arakelian also serves as a Group Chairman & Mentor for Vistage International, a worldwide membership organization of CEO’s and Executives. Mr. Arakelian advises executives of companies with annual revenues of several…

Recent Transactions

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  • Dec 2025 Advised Wicklander-Zulawski & Associates in its sale to Red Knot Capital

Sunbelt Business Brokers - Chicago

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Sun Acquisitions provides mergers and acquisition services to clients interested in the confidential sale, acquisitions or valuation of privately held mid-market companies. We have successfully managed and handled engagements in all kinds of industries and are recognized as a leading advisory firm in the Midwest. Our company leverages the experience of its M&A advisors to bring the sophistication of large M&A transactions to the small and mid markets in an efficient, cost effective, and professional manner. Our clients know that we have the expertise to manage the lifecycle of their…

Recent Transactions

This member has no reported closed transactions.

Red Box Capital Partners

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Red Box Capital Partners Inc. is an advisory firm based in Chicago, Illinois. We focus primarily on financing companies throughout the European continent. Our partners and associates have a cumulative experience of over 100 years in management and corporate finance. Although financing is the core activity of Red Box, corporate finance and business development are also within our areas of activity since we believe that the financing of a project or a company must be accompanied by a good business plan, organizational structure and development potential. Red Box Capital Partners Inc. has an…

Recent Transactions

This member has no reported closed transactions.

Colonnade

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We are a boutique investment banking firm that specializes in merger and acquisition advisory services. We provide financial advice to clients in the financial services and business services sectors. We advise business owners in selling their companies, buying competitors, and raising capital.

Recent Transactions

This member has no reported closed transactions.

North Coast Capital Advisors Ltd.

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Our goal is to assist our clients in the creation of value and to guide them so that they can achieve optimal results, as they take their business to the next stage in its evolution.As a boutique investment banking firm, we find our client’s hidden value and through our analysis and innovative thinking, as professionals, we have been trained to optimize business infrastructure and all its ancillary systems. Our intent is to provide our clients with the best options to meet their business objectives.

Recent Transactions

This member has no reported closed transactions.

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JJK & Associates Inc

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JJK & Associates TEAM COMBINES COMPREHENSIVE planning and analysis with an international network of resources in business development, marketing, valuation, corporate finance, tax law, and real estate to help companies define and implement growth, acquisition and exit strategies. Since 1994 we have completed transactions ranging in size from $1 million to over $100 million with companies at every stage in virtually every industry. Our extensive network of contacts spans the globe, and our mission is to help you exceed your goals.

Recent Transactions

This member has no reported closed transactions.

Bleadon & Assoc., Ltd

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Bleadon & Assoc., Ltd was started in 1982 as a financial services firm servicing the C-suite and corporate marketplace. We have evolved throughout the years to today specializing in M&A advisory, investment banking, and business development services for companies in the middle market. Founded as a generalist firm by design, we have come to develop strategic focus to the Technology, Energy and Pharma sectors.Our company achieves excellent results due to a wide variety of industry experience and global contacts. With our Chicago based office, and a wide range of US and International contacts,…

Recent Transactions

This member has no reported closed transactions.

Harney Capital

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Harney Capital is a boutique investment banking firm that specializes in mergers and acquisitions, raising debt or equity capital, and providing strategic options to owners of privately held companies. We have access to a vast network of buyers, investors, and capital providers to enable exit and succession plans, fund growth, or simply buy more runway when experiencing tough times.Additionally, our strategic affiliation with Harney Partners enables us to leverage our expertise beyond investment banking—including strategic advisory, turnaround, and restructuring—making us the…

Recent Transactions

This member has no reported closed transactions.

Palisade Credit

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Palisade Credit Advisors is a Chicago-based boutique advisory firm focused on debt capital and M&A advisory for small and medium-sized businesses. We help clients raise capital, execute transactions, and evaluate strategic opportunities with a disciplined, market-driven approach.We work with owner-operators, family-owned businesses, and private equity sponsors on financings, acquisitions, recapitalizations, and strategic alternatives—delivering tailored solutions that unlock value and position businesses for long-term success.With a foundation in credit and transaction execution, we…

Recent Transactions

This member has no reported closed transactions.

DKM Advisors

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DKM Advisors is a professional services firm serving all facets of the North American rail industry, including it’s related manufacturing, services, and financing markets. Utilizing a team approach that draws upon the unique expertise of each member of the organization, our goal is to work closely with our clients to assist you in making the strategic decisions that will allow you to maximize performance and returns. Our blend of expertise uniquely positions us to provide research and advice to clients in asset investment strategy and execution, market research, due diligence and M&A…

Recent Transactions

This member has no reported closed transactions.

Business Broker Experts

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Business Broker Experts offers a professional and confidential way to sell or acquire a business. All brokers are registered professionals who will confidentially and ethically work with you every step of the process. We currently operate in over 35 states within the U.S. and are expanding. Our expertise is working with service businesses or wholesale businesses with revenues between $1 million and $20 million. We are a true performance-based brokerage company as we do not require a marketing fee or listing fee of any kind to list a business. We will spend our time and money discreetly…

Recent Transactions

This member has no reported closed transactions.

Mindstream Solutions

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Merger and Acquisition advisories to some of the top internet and e-commerce retailers and private label brands. Deal size ranging from $1mil to $50mil

Recent Transactions

This member has no reported closed transactions.

Copper Dean

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Copper Dean is advisory firm focused on improving and growing lower middle market companies. Made up of former business operators, CEOs, investors and consultants, Copper Dean is committed to supporting owners, management teams, employees and investors reach their objectives.

Recent Transactions

This member has no reported closed transactions.

MDI Investments

14 Total Closed Deals
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Community banks play an important role in communities across the country, and the experts at MDI Investments are passionate about helping these institutions thrive. We achieve this by identifying risk and opportunity. MDI Investments focuses specifically on mergers and acquisitions, business valuations, financial restructuring and capital initiatives.MDI Investments professionals have a long history of raising substantial capital for public and private institutions through multiple business cycles. Team members have a solid track record of completing deals in challenging markets and economic…

Recent Transactions

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  • Aug 2022 Assisted Confidential Company in securing debt financing from Confidential Company
  • Jul 2010 Advised Family Federal Savings of Illinois in its sale to Green Choice Bank
  • Dec 2009 Advised First National Bank of Gilman in its sale to Edgar County Banc Shares
  • Feb 2008 Advised Anchor BancCorp WI - 4 MN branches on an investment from Freedom Bancorporation - Lake area Bank

Whitehurst & Associates

5 Total Closed Deals
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As a business brokerage firm we represent sellers in the business for sale marketplace. We ensure a confidential marketing campaign to protect the viability of each enterprise throughout the transaction life cycle, and provide a structured and transparent process that facilitates successful transactions.

Recent Transactions

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  • Dec 2013 Advised Oncall Interactive LLC in its sale to RDI Marketing Inc
  • Dec 2013 Advised Screw Machine Job Shop in its sale to Private Investor/Owner
  • Jun 2013 Advised Private Independent Distributor in its sale to Private Investor Group
  • Nov 2012 Advised Med Spa in its sale to Private Investment Group

Turnbridge Consulting Group, LLC and subsidiary, Turnbridge Financial Group, MA

3 Total Closed Deals
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Our firm has over 65 years of combined experience to help a company from its start up to helping its executives plan their exit strategy. Whether you are a startup company or introducing a new product into an industry, we can help you with the marketing plan and implementation. With our Turnbridge Financial Group division, we provide the full complement of risk management and financial planning services to employee groups and company executives. With our mergers and acquisition division, Turnbridge Finaincial Group, MA, we have experienced finders, business brokers and attorney partners who…

Recent Transactions

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  • Dec 2013 Advised temporarily suspended in its sale to Temporarily suspend
  • Oct 2013 Advised Cascadia Truck dealership in its sale to Pending announcement
  • Jul 2012 Advised Partial sale of the one of the properties in its sale to Two farmers and a private quarry operator

Advocate Capital Advisors

3 Total Closed Deals
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The founders of Advocate Capital Advisors are investment bankers and entrepreneurs who have owned, operated, grown, and exited companies very successfully. Some have been members of family offices or executives of large corporations who regularly acquired companies, so we also understand the mindset and behaviors of buyers, investors, and lenders.We also understand the confidentiality and discretion that is required to minimize market damage to our clients’ companies and the sensitivities associated with employees, customers, suppliers, and competitors. There are many elements of the M&A…

Recent Transactions

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  • Oct 2024 Advised Micron Industries Corporation in its sale to Hammond Power Solutions
  • Jun 2024 Advised Confidential Company in its sale to Confidential Company
  • Jun 2024 Advised Confidential Company in its sale to Confidential Company

Aldine Advisors LLC

2 Total Closed Deals
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Aldine Advisors LLC is a professional services firm providing financial and ownership decision support to privately held and small-cap publicly traded companies. Our services include: 1) assisting companies in financial transition such as ownership changes, recapitalization, dividend reviews, and capital structure objectives; 2) providing limited investment banking services such as assisting in identifying buyers, negotiating transaction terms, structuring transactions and identifying sources of capital; and 3) determining the value of privately held securities.

Recent Transactions

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  • Nov 2014 Advised Best Travel & Tour in its sale to Direct Travel Company
  • Mar 2007 Advised Price Brothers Inc in its sale to Hanson PLC

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-$13M, with a core EBITDA range of $500K-$3M. 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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