Calder Capital is excited to announce that it has been ranked as the #5 Most Active M&A Advisor in the Great Lakes region in PitchBook’s 2025 Annual Global League Tables.
PitchBook’s league tables are widely regarded as one of the most respected benchmarks in the M&A industry, ranking firms based on transaction activity across global markets. Calder Capital’s placement reflects another year of strong deal volume and continued growth across its core markets.

Notably, Calder Capital appears alongside some of the most recognized institutions in global finance, including firms such as Goldman Sachs, J.P. Morgan, Houlihan Lokey, and Baird.
“This recognition is incredibly meaningful given the company we’re in,” said Max Friar, Founder and Managing Partner of Calder Capital. “When I started Calder in 2013, we were a small firm focused on building a process-driven, client-first approach to M&A. To now be ranked alongside some of the most established investment banks in the world is a direct reflection of our team’s consistency, work ethic, and commitment to our clients.”
Calder Capital’s growth has been driven by its disciplined execution in lower middle market transactions, a focus on creating competitive processes for sellers, and a proactive buy-side approach that uncovers off-market opportunities for clients.
“This achievement is the result of a very talented team, business owners who trusted us with major decisions, and referral partners who continue to support our firm,” Friar added. “We remain focused on delivering results and continuing to build on this momentum.”
The full PitchBook 2025 Annual Global League Tables can be viewed here.

About Pitchbook:
PitchBook is a leading provider of data, research, and insights covering the global capital markets, including private equity, venture capital, and M&A. Its platform delivers comprehensive information on companies, investors, funds, and transactions, enabling professionals to make informed decisions. PitchBook’s annual Global League Tables rank financial advisors and institutions based on transaction activity, serving as a widely recognized benchmark for performance across regions and industries.
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].
