Calder Capital proudly announces it has been ranked the #4 Lower Middle Market M&A Advisor by Axial for 2025, rising from #6 in 2024. This advancement reflects the firm’s continued growth, consistency, and strong performance in the sub-$10M M&A market.
The recognition underscores Calder Capital’s position as a leading advisor in the lower middle market, driven by disciplined execution, strong buyer engagement, and successful transaction outcomes. Calder remains the only Michigan-based firm in the top 5 and one of just 2 firms in the Midwest to earn this distinction.
Calder Capital continues to distinguish itself as a premier buy-side and sell-side M&A advisor, specializing in businesses valued between $1M and $100M across manufacturing, construction, distribution, and business services. Supported by a growing team of over 50 professionals, Calder leverages its proprietary buyer database, national reach, and proactive sourcing strategies to drive competitive processes and successful closings. The firm has maintained a track record of closing more than 45 transactions annually.
Axial’s Top Lower Middle Market M&A Advisor rankings are based on a comprehensive league table methodology that evaluates firms across four key performance areas: deal attractiveness, ability to generate buyer competition, process effectiveness, and closing success rate. Metrics include buyer pursuit activity, conversion rates from NDA to CIM, LOI execution, and overall close rates, ensuring recognition is reserved for firms demonstrating measurable, results-driven performance.
“Our team has been very intentional about refining how we run deals, from how we engage buyers to how we maintain momentum through closing,” said Garrett Monroe, Sell-Side Managing Director. “We are grateful for this recognition from Axial, and are inspired tomaintain our focus on producing generous results for our clients.”
“This recognition by Axial, and our advancement to #4 nationally, is only possible due to the consistency and discipline our team brings to every engagement,” said Max Friar, Founder and Managing Partner of Calder Capital. “We are proud of the results we deliver for our clients and grateful to our team for continuing to raise the standard for lower middle market M&A.”
Complete results for the Top Lower Middle Market M&A Advisor rankings can be found here.
About Axial:
Axial is the largest private deal network serving professionals who own, advise, or invest in small and medium-sized businesses in North America. Over the last 14 years, Axial has built a trusted platform that connects business owners and deal professionals with qualified transaction partners. To learn more, visit www.axial.net.
About Calder Capital:
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.
Notice: Calder Capital, LLC is not affiliated with any similarly named organizations or entities. To verify communications from our firm, visit our website or contact [email protected].