M&A advisory across 500+ active capital partners · Business broker directory & advisor fee reference · Updated June 6, 2026
A business broker helps owners sell small businesses, usually by listing the business (publicly or semi-publicly), marketing it, screening buyers, and managing the sale, typically for an 8 to 15 percent commission paid by the seller. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Thinking about selling your business?
A 15-minute confidential call gives you a real valuation range and the buyers most likely to compete for your business. The call is free, with no obligation.
Looking for a business broker in your state? No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Most owners start their search with “[state] business brokers” because that is what brokers have positioned themselves as, the gatekeepers between sellers and buyers. The reality is that well-funded buyers actively look for businesses without involving a broker on the seller side, and they are actively acquiring. We have been doing this from Sheridan, Wyoming with 500+ active capital partners.
Each state guide below covers (1) the local broker landscape, (2) typical broker fees in that state, (3) the verticals our buyer network is most active in for that state, and (4) the alternative path. Read the national broker alternative guide first if you want the full breakdown of why this matters.
What this directory contains
46 state-by-state guides, broker market data, typical fees, and buyer-paid alternative for each US state with measurable broker search demand
National pillar:Business Broker Alternative, the full breakdown of broker fees, hidden costs, and the buyer-paid model
Top markets: California, Florida, Texas, Illinois, Colorado, New York, Connecticut, Michigan, Tennessee, Arizona
5 pillars of the CT alternative: $0 to sellers, no exclusivity, 500+ capital partners, sequential introductions
The five pillars of the CT alternative
CT Acquisitions · 2026 Advisor Market Signal
What Sellers Get Wrong About Broker Selection
Across our conversations with sellers exploring brokers and M&A advisors in 2026:
Sector specialization compounds advantage at every deal stage. Industry-specialist brokers source better buyers, run cleaner diligence, and close faster than generalists.
Tail-fee scope is the #1 negotiation oversight. Default tail covers any buyer introduced; negotiate narrow “qualified-buyer” tail with documentation requirement.
No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Most sellers default to traditional broker model without comparing $0-to-seller alternatives; net proceeds can differ by 6-12% of deal value.
Multiple at a Glance · 2026
Business Broker / Advisor Fee Map · 2026
All-in cost by deal size and advisor type.
Sub-$5M broker · Modern Lehman8-12% all-in
LMM broker · Lehman6-9% all-in
$50M+ investment bank4-7% all-in
Buyer-paid M&A advisor$0 to seller
Source: CT Acquisitions analysis. Includes success fee + monthly retainer + tail. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Both Sides of the Table
Sell side for owners, buy side for acquirers, plus exit planning.
Clear Fees
No fee on buy-side introductions. Sell side paid on success.
500+ Capital Partners
Search funders, family offices, lower-middle-market PE, strategics.
Confidential Process
Introductions to the right buyers only. No public listing.
Terms in Writing
You see exactly how we are paid before any work starts.
Top 10 states by business broker search volume
These are the states where the most owners are actively researching business brokers each month. Click through to the state guide for local data and the alternative path:
California, 7,960 monthly searches across 169 broker-related keywords
Florida, 6,367 monthly searches across 207 broker-related keywords
Illinois, 3,671 monthly searches across 61 broker-related keywords
Colorado, 3,431 monthly searches across 44 broker-related keywords
Connecticut, 3,144 monthly searches across 8 broker-related keywords
Texas, 2,292 monthly searches across 68 broker-related keywords
Maine, 2,136 monthly searches across 17 broker-related keywords
Michigan, 2,072 monthly searches across 47 broker-related keywords
Tennessee, 1,862 monthly searches across 20 broker-related keywords
Vermont, 1,812 monthly searches across 5 broker-related keywords
Skip the broker. Start a confidential conversation.
Tell us about your business. We will tell you whether we have qualified buyers in our network for your sector and state, what they typically pay for businesses like yours, and what the next steps would look like.
A 15-minute confidential call gives you a real valuation range and tells you which buyers would compete for your business. The call is free and confidential, with no obligation.
Christoph Totter is the founder of CT Acquisitions, an M&A advisory firm working both sides of the table, headquartered in Sheridan, Wyoming. We work directly with 500+ buyers, search funders, family offices, lower middle-market PE, and strategic consolidators, including direct mandates with the largest consolidators that other intermediaries cannot access. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side engagements are fee-based, agreed in writing before we start. Connect on LinkedIn · Get in touch
Sell your business by industry, vertical M&A guides
Sector-specific guides on multiples, the PE-backed buyers acquiring, what drives value, and the sale process, written for founders of these businesses. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
More vertical M&A guides, sell your business by industry
Sector-specific guides on multiples, the PE-backed and strategic buyers acquiring, what drives value, and the sale process. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
In-depth M&A guides, co-packing & industrial distribution
Deep-dive guides on multiples, the named PE platforms acquiring, and how to prepare a sale. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
In-depth M&A guides, fire sprinkler & elevator service
Deep-dive guides on multiples, the named PE platforms acquiring, the recurring-revenue math, and how to prepare a sale. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on multiples, named PE platforms (R1 RCM, Waystar, Ensemble, GeBBS), the KPI playbook, and how to prepare. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on 2026 multiples (median 11.6x EBITDA, premium 16x+), named aggregators (Wealth Enhancement, Mercer, Mariner), and the premium playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on 2026 multiples (3x-16x EBITDA), named PE consolidators (Upstream, Athletico, Confluent, Ivy, ATI), the productivity playbook, and how to prepare. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on 2026 multiples (3x-15x+ EBITDA), named PE-backed platforms (CityMD, GoHealth, FastMed, AFC), hospital-system buyers (Ardent, Bon Secours, HCA), and the operator KPI playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on 2026 multiples (4x-14x EBITDA), named national buyers (Quest, Labcorp, Sonic, NeoGenomics), PE-backed platforms (Aculabs/Ampersand), and the operator KPI playbook including PAMA / EKRA / CLIA / CAP. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on 2026 multiples (1.5x-8x), the named buyer pool (Pilot, FinancePal, Acuity, BooXkeeping, plus PE-backed CPA platforms like Citrin Cooperman/Eisner/Aprio), the post-Bench market reset, and the recurring-revenue playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing. Sell-side representation is a fee-based engagement, agreed upfront.
Deep-dive guide on 2026 multiples (5x-14x EBITDA), named public buyers (Option Care, Optum, BrightSpring) and PE-backed platforms (KabaFusion, Soleo, CSI). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-12x EBITDA by subsegment), named public buyers (AdaptHealth, Lincare, Owens & Minor/Apria, ResMed) and PE-backed platforms (Numotion, National Seating). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-12x EBITDA), named public buyers (Acadia, UHS) and PE-backed platforms (BayMark, Pinnacle, Discovery, BHG). Includes EKRA, patient-brokering compliance, and the Kipu Health EMR playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-12x EBITDA), named public buyers (RadNet, Akumin) and PE-backed platforms (SimonMed, US Radiology Specialists). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2x-10x), named PE-backed platforms (Skytale, LaserAway, Ideal Image, Cortes NLD), corporate-practice-of-medicine compliance, and the injectables playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-14x EBITDA), named PE-backed MSOs (Schweiger/GTCR, Forefront/Partners Group, Advanced Derm/Harvest, US Dermatology Partners/ABRY, Epiphany/Audax). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2.5x-9x), named MSOs (Caliber/H&F, Gerber/Boyd, Crash Champions/Clearlake, Driven Brands), DRP carrier strategy, and the OEM-cert playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-12x EBITDA), named public/PE buyers (Mister Car Wash, Take 5/Driven, ZIPS, Tidal Wave, Quick Quack, El Car Wash), the express-tunnel playbook, and the post-peak market reset. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-9x EBITDA), named buyers (Dickinson Fleet/Cox, Mavis Tire, Monro, Bridgestone) and PE platforms (BayPine, Saban, Riverside, ABRY). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2x-7x EBITDA, post-reset), named buyers (Sunrun, Sunnova, Freedom Forever, Palmetto, ION, PosiGen), unit-economics audit. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-9x EBITDA), named buyers (Culligan/BDT, Pentair, EcoWater/Marmon, Kinetico, Watts, A.O. Smith). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-10x EBITDA), named buyers (Cintas, UniFirst, Vestis spinoff, Alsco, ImageFIRST, Crown Linen). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2.5x-8x), named buyers (Allied Universal/Warburg+CDPQ, GardaWorld/BC Partners, Securitas, Constellis/Triton). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-13x EBITDA), named public buyers (Stantec, Tetra Tech, NV5, Bowman) and PE platforms (Ardurra, Verdantas/Sterling, IMEG, Salas O’Brien). IIJA/BIL tailwind. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-9x EBITDA), named buyers (Stantec, Arcadis/CRTKL, HKS, Page) plus the thinner-buyer-pool reality and ESOP alternatives. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-9x EBITDA), named scrap-metal consolidators (Radius/RDUS, SA Recycling, EMR, OmniSource) and solid-waste giants (WM, Republic, GFL, Casella). Specialty EV/e-waste streams. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-14x EBITDA), named MSOs (EyeCare Partners/Partners Group, US Eye/Quad-C, US Ophthalmic Partners/Tenex, Retina Consultants of America/Webster, Spectrum Vision/CD&R). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2.5x-10x), named OD-MSOs (MyEyeDr/GSAM, EyeCare Partners/Partners Group, Visionworks/Versant Health, AEG Vision/AEA). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-11x), named buyers (VITAS/Chemed, Addus, Compassus, BrightSpring, AccentCare/Advent), CMS HQRP + OIG compliance playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-9x), named buyers (BAYADA, Honor/Bain+a16z, Senior Helpers/AAH, Comfort Keepers/Sodexo, Help at Home/Vistria+Centerbridge, Addus). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-11x), named buyers (USAP/Welsh Carson+Berkshire+GIC, NAPA/Am. Securities, National Spine & Pain), ASC + opioid-compliance playbook. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2.5x-9x), named buyers (AMN, Cross Country, Aya, Maxim, Medical Solutions/TPG, Fusion/Aldrich). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (2.5x-10x), named buyers (SkinSpirit/Leonard Green, Sono Bello/Aurora, Skytale, Cortes NLD, Plastic Surgery Partners). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-11x), named buyers (DaVita NYSE: DVA, Fresenius NYSE: FMS own ~80%; US Renal Care/Bain+GS+LGP, Innovative Renal Care/Nautic, Satellite Healthcare, Strive Health). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-14x EBITDA), named buyers (Inception Fertility/Lee Equity+Morgan Stanley Cap, US Fertility/Lee Equity+Amulet, Pinnacle Fertility, Kindbody, IVI/RMA/KKR). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-11x), named buyers (Berry Global BERY, Sonoco SON, Silgan SLGN, Pactiv-Evergreen PTVE, Crown Holdings CCK, Greif GEF, Sealed Air SEE, O-I). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (7x-14x EBITDA), named buyers (Lineage Logistics/Bay Grove+Stonepeak+GIC, Americold COLD, US Cold Storage/Swire, Burris, NewCold/Westport). Infrastructure-grade economics. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (6x-11x), named buyers (Sysco SYY, US Foods USFD, PFG PFGC, Gordon Food Service, Cheney Brothers). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (7x-13x, beer state-protected franchises premium), named buyers (Reyes Holdings, Southern Glazer’s, RNDC, Coca-Cola Consolidated COKE). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (20x-30x EBITDA, highest in this entire series), named buyers (American Tower AMT, Crown Castle CCI, SBA Communications SBAC, Vertical Bridge), infrastructure-fund economics. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-10x EBITDA), named mechanical contractors (EMCOR EME, Comfort Systems FIX, Limbach LMB, Southland Industries). Distinct from residential HVAC PE roll-ups. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-9x EBITDA), named buyers (AmeriGas/UGI, Suburban Propane SPH, Ferrellgas, Sharp Energy/Chesapeake Utilities), customer-tank ownership moat. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-9x EBITDA), named buyers (World Kinect INT formerly World Fuel Services, Pilot Company/Berkshire, Mansfield Energy, Sun Coast Resources). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-11x EBITDA), named buyers (ProAmpac/Pritzker, Amcor AMCR, Berry Global BERY, Sonoco SON, Sealed Air SEE). Sustainability + recyclable mono-material focus. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-11x EBITDA), named buyers (Healogics/Bain+Berkshire, Restorix Health, Vohra Wound Physicians). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-13x EBITDA), named PE-backed MSOs (US Orthopaedic Partners/Welsh Carson, HOPCo, Spire Orthopedic Partners, Resurgens, OrthoLazer). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (6x-13x EBITDA), named PE-backed MSOs (GI Alliance/Apollo, US Digestive Health/Amulet+Frazier, One GI/Frazier, Allied Digestive, Gastro Health/CVS Health). Endoscopy ASC focus. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (6x-12x EBITDA), named PE-backed MSOs (US Heart & Vascular/Ares, Cardiovascular Associates of America/Webster Equity, US Cardiology Partners). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (6x-12x EBITDA), named PE-backed MSOs (US Urology Partners/NMS, Solaris Health/Lee Equity, United Urology Group, Premier Urology Group). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (6x-12x EBITDA), named PE-backed MSOs (Axia Women’s Health/Audax+Partners Group, Unified Women’s Healthcare/Altas+KKR, Women’s Health USA, MEDNAX/Pediatrix). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (8x-13x EBITDAR), named REITs (Welltower WELL ~$35B+, Ventas VTR ~$20B+) + operators (Brookdale BKD, Atria, Sunrise, Discovery Senior Living). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-9x EBITDA), named DSOs (Heartland Dental/KKR+OTPP ~2,500+ offices, Aspen Dental/Leonard Green+Ares, Smile Brands/New Mountain Capital, MB2 Dental/Charlesbank, Pacific Dental Services). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (10x-18x EBITDA, among the highest in healthcare-services), named buyers (Mars/VCA+BluePearl+Banfield, NVA/KKR+Berkshire, Thrive Pet Healthcare/TSG, MedVet, VEG). Cash-pay model + aging-pet demand. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-12x EBITDA, varies wildly), named buyers (ChargePoint CHPT, Blink BLNK, EVgo EVGO, Tesla, BP Pulse, Shell Recharge, Pilot/Berkshire). NACS + NEVI + post-SPAC rationalization. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-11x EBITDA), named buyers (BluSky/Partners+Kohlberg, BELFOR/American Securities+GS, Servpro/Blackstone, ATI Restoration, First Onsite/FSV, PuroClean, Rainbow Restoration). TPA + insurance carrier programs. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-7x EBITDA), named buyers (Halliburton HAL, SLB, Baker Hughes BKR, ChampionX CHX, Liberty Energy LBRT, ProPetro PUMP). Permian premium, E-frac, EPA OOOOb/c methane rules. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-7x EBITDA), named buyers (College Hunks/Authority Brands/Apax+GS, 1-800-Got-Junk/O2E Brands, JDog, Junkluggers, LoadUp). Commercial account revenue + dumpster integration. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (4x-9x EBITDA), named buyers (NorthStar/Sun Capital, MasTec MTZ, Veit, Brandenburg, AECOM ACM, Sterling Infrastructure STRL). Industrial / environmental remediation premium. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-10x EBITDA), named buyers (Maxim Crane/Apollo post-TNT 2024, ALL Family, Bigge, Barnhart, Brandsafway/Brookfield, United Rentals URI, Sunbelt AHT). Large-tonnage + industrial MSAs drive multiple. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (8x-14x EBITDA), named buyers (Sonepar ~$32B+, Rexel RXL, WESCO WCC, Graybar Electric, CED ~700+ branches, Border States). Industrial/utility/data center mix + supplier authorization breadth. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (3x-7x EBITDA), named buyers (Empire Today/Charlesbank, Long Fence, Glidewell, AFC American Fence, Hercules Fence, Master Halco/Brookfield). Commercial/industrial/security mix + recurring service. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-9x EBITDA), named buyers (Service Corp Int’l SCI ~16% US share, Carriage Services CSV, Park Lawn PLC, StoneMor/Axar, Foundation Partners/Access Holdings Tulip/Solace). Preneed backlog + cremation + cemetery integration. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-10x EBITDA), named buyers (Brandsafway/Brookfield ~$4B+ revenue, Sunbelt Rentals AHT, United Rentals URI, Layher, PERI, Apache Industrial). Refinery/power/petrochemical/data center industrial mix + EHS posture. No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
Deep-dive guide on 2026 multiples (5x-10x EBITDA), named buyers (EMCOR EME ~$14B+, Comfort Systems FIX, API Group APG, MasTec MTZ, Limbach LMB, Apache Industrial). ASME B31.1/B31.3/AWS/NCPWB + high-purity / pharmaceutical / semiconductor (CHIPS Act). No fee to you on buy-side introductions; sell-side mandates are paid on success at closing.
The ROI case for retained buy-side M&A advisor: 3-7x return on advisor cost via compressed timeline, proprietary deal access, negotiation protection. When to hire vs. build internal corp dev.
What is a PE firm: fund structure, top US firms (Blackstone $1.1T, Apollo $700B, KKR $580B, Brookfield, Ares, Carlyle), platform vs. add-on, LBO mechanics, 2026 multiples by sector. CT runs retained mandates for PE platforms doing add-ons.
Acquisition strategy framework: thesis discipline, capital structure, deal velocity targets, integration playbook, exit planning. Strategy by buyer type (PE 1+5/5yrs, strategic 0.3-1/yr, FO 0.5-1.5/yr, SF 1 total, IS 0.5-1.5/yr).
Complete roll-up playbook: multiple arbitrage (3-5x add-on entry vs. 9-14x exit), top US roll-up sectors (healthcare, home services, auto, funeral, industrial dist), named PE platforms (Caliber, Heartland, Mars Petcare, SCI, Neighborly, Authority Brands, Apex HVAC).
Top US roll-up case studies: Heartland Dental (KKR+OTPP ~2,500), Caliber Collision (H&F+OMERS ~1,800), Mars Petcare Vet (~2,100), SCI (~1,500 funerals + 470 cemeteries), Apex HVAC (~60 add-ons in 2025), Blackstone-Champions ($2.5B at 18.5x Feb 2026).
Top 6 SBA 7(a) lenders: Live Oak Bank (NASDAQ: LOB, largest by volume ~$10B portfolio), Newtek (NASDAQ: NEWT), Huntington National Bank (NASDAQ: HBAN, largest by # of loans), Byline, Pursuit (CDFI), US Bank (NYSE: USB). Up to $5M, 90% guaranteed.
