The Winning LOI Hub
Axial’s Winning LOI series anonymously reveals the small business M&A valuation data and key deal terms associated with winning LOIs. The Winning LOI Hub features summarized data from a select set of 100 LOIs and is updated quarterly.
LOI Data & Insights
Summarized Deal Data & LOI Structure Breakdown of the 100 Winning LOIs
Winning LOI Database
| wdt_ID | wdt_created_by | wdt_created_at | wdt_last_edited_by | wdt_last_edited_at | Executed | Buyer Type | Industry | Deal Headline | Revenue | EBITDA | LOI TEV (Including Earnout) | Multiple | Cash | Earnout | Equity | Seller Note |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Private Equity | Business Services | IT Services | 3,051,527 | 1,342,409 | 8,041,169 | 5.99 | 65.00% | 20.00% | 15.00% | |
| 2 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Search Fund | Technology | Electronic Software Services | 6,000,000 | 2,689,137 | 6,000,000 | 2.23 | 83.33% | 4.17% | 12.50% | |
| 3 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Individual Investor | Technology | Digital Marketing Services | 7,650,000 | 3,169,615 | 8,500,000 | 2.68 | 55.00% | 10.00% | 20.00% | 15.00% |
| 4 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Search Fund | Healthcare | Dental Materials Manufacturing | 13,000,000 | 3,000,000 | 24,715,575 | 8.24 | 70.00% | 10.00% | 20.00% | |
| 5 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Private Equity | Business Services | Telephone Call Center | 15,800,000 | 2,600,000 | 10,591,000 | 4.07 | 75.54% | 15.97% | 8.50% | |
| 6 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Individual Investor | Transportation | Logistics Business | 6,890,000 | 1,390,000 | 3,600,000 | 2.59 | 100.00% | |||
| 7 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Independent Sponsor | Healthcare | Medical Software | 9,603,224 | 3,502,491 | 33,250,000 | 9.49 | 70.00% | 30.00% | ||
| 8 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Independent Sponsor | Industrials | Chemical Manufacturer | 6,920,000 | 1,552,000 | 9,500,000 | 6.12 | 100.00% | |||
| 9 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Search Fund | Transportation | Equipment Manufacturing | 8,500,000 | 4,500,000 | 30,000,000 | 6.67 | 75.00% | 25.00% | ||
| 10 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Holding Company | Business Services | Consulting Firm | 26,700,000 | 4,500,000 | 25,000,000 | 5.56 | 92.00% | 8.00% | ||
| 11 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Private Equity | Consumer Goods | Garment Manufacturing | 54,100,000 | 9,400,000 | 54,000,000 | 5.74 | 81.48% | 18.52% | ||
| 12 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Private Equity | Industrials | Landscaping Business | 7,500,000 | 1,500,000 | 14,000,000 | 9.33 | 92.86% | 7.14% | ||
| 13 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Independent Sponsor | Healthcare | Medical Transportation | 7,890,000 | 2,800,000 | 17,330,000 | 6.19 | 80.78% | 19.22% | ||
| 14 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Search Fund | Industrials | Plumbing Contractor | 3,900,000 | 1,400,000 | 10,500,000 | 7.50 | 95.00% | 5.00% | ||
| 15 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q2 2025 | Independent Sponsor | Industrials | Electrical Contractor | 11,860,000 | 2,030,000 | 9,100,000 | 4.48 | 65.93% | 23.08% | 10.99% | |
| 16 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Private Equity | Consumer Goods | Printing Manufacturer | 7,208,000 | 1,868,000 | 8,200,000 | 4.39 | 85.37% | 14.63% | ||
| 17 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Family Office | Industrials | Machine Manufacturer | 12,788,000 | 2,163,000 | 11,000,000 | 5.09 | 70.45% | 29.55% | ||
| 18 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Individual Investor | Consumer Goods | Commercial Printing | 16,100,000 | 2,300,000 | 5,633,250 | 2.45 | 88.50% | 11.50% | ||
| 19 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Family Office | Technology | Business Software | 15,300,000 | 1,600,000 | 17,105,000 | 10.69 | 76.00% | 12.31% | 5.85% | 5.85% |
| 20 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Private Equity | Industrials | Civil Engineering | 21,370,000 | 11,290,000 | 56,000,000 | 4.96 | 40.32% | 59.68% | ||
| 21 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Search Fund | Food & Hospitality | Food Manufacturer | 4,000,000 | 800,000 | 2,800,000 | 3.50 | 85.71% | 14.29% | ||
| 22 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Independent Sponsor | Food & Hospitality | Speciality Foods Distributor | 71,610,000 | 9,200,000 | 74,000,000 | 8.04 | 79.73% | 20.27% | ||
| 23 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Holding Company | Technology | Energy Software | 1,700,000 | 1,100,000 | 8,680,292 | 7.89 | 100.00% | |||
| 24 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Individual Investor | Industrials | Tree Services | 2,678,951 | 1,200,000 | 8,500,000 | 7.08 | 82.35% | 17.65% | ||
| 25 | jecca | 07/25/2025 11:55 AM | jecca | 07/25/2025 11:55 AM | Q1 2025 | Private Equity | Industrials | Concrete Contractor | 49,600,000 | 8,100,000 | 40,400,000 | 4.99 | 50.00% | 38.50% | 11.50% |
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