List of Middle Market Investment Banks


Here’s a list of middle market investment banks.

The following list only includes the leading middle market investment banks. The US has hundreds, if not thousands, of independent M&A advisory firms serving the middle market. Same thing goes for Europe. Same thing goes for ANZ. We can’t practically list out all of them, so only listing the market leaders.

American Middle Market Investment Banks

Auctus Capital Partners

BDT & Company – a firm that does middle market M&A advisory and PE investing

Berkery, Noyes & Co.

Cantor Fitzgerald

Citizens Financial Group – includes JMP Group

Cowen Inc.

DA Davidson

FOCUS Investment Banking

FT Partners

Harris William & Co.

Houlihan Lokey

Imperial Capital

Janney Montgomery Scott


Johnson Rice & Company

Ladenburg Thalmann & Co.

Lazard Middle Market

Lincoln International

Livingstone Partners

McColl Partners

Miller Buckfire

Montgomery & Co.

Morgan Keegan

Needham & Co.

Northland Securities

Oaklins DeSilva+Phillips

Oppenheimer & Co.

Piper Jaffray

Raymond James

Robert W. Baird & Co.

ROTH Capital Partners

Rothschild – Rothschild is middle market in the US, but elite boutique in Europe.

Sagent Advisors

Sandler O’Neill

Stephens Inc.


Thomas Weisel Partners

Truist Securities

Tudor, Pickering, Holt & Co.

Union Square Advisors

Wedbush Securities

William Blair

WR Hambrecht

Canadian Middle Market Investment Banks

Agentis Capital

ATB Capital Markets

Beacon Securities

Blair Franklin

Bloom Burton

Canaccord Genuity

Capital Canada Limited

CCC Investment Banking

Cormark Securities

Echelon Capital Markets

Eight Capital

Evans & Evans

Firepower Capital

Geneva Canada

Gravitas Securities

Haywood Securities

INFOR Financial Group

Loewen, Ondaatje, McCutcheon & Company

Maxit Capital

NewPoint Capital Partners

Origin Merchant Partners

Osprey Capital

Paradigm Capital

Peters & Co.

Q1 Capital Partners

Robey Warshaw

Szymon Zephan Capital

Valitas Capital Partners

WD Capital

European Middle Market Investment Banks

Europe is home to many investment banks servicing the middle market. Europe is home to the world’s Big 4 accounting firms (Deloitte, Ernst & Young, KPMG, PwC). Though known by their accounting and audit expertise, the Big 4 also provide M&A services to the middle market. Their transaction advisory teams compete directly with pure play M&A advisory firms and sometimes even with the larger bulge brackets.  Their M&A franchises are especially strong in Europe.

AGI Corporate Finance


Arma Partners

Bryan, Garnier & Co



Clairfield International

Clearwater International

Close Brothers


Dow Schofield Watts

Ernst & Young

EuroLand Corporate

FCF Fox Corporate Finance

Gleacher Shacklock

IMAP – International Mergers & Acquisitions Partners


Mazars Group

Numis Corporation



Zaoui & Co.

Australia & New Zealand

We decided not to call this section middle market investment banks. Frankly, we hesitated including some of the below firms on this page. In many ways, this is a “Rothschild” situation. Whereas Rothschild is a middle market bank outside of Europe, it’s an elite boutique in Europe. Similar dynamics with some Australian investment banks (i.e. Barrenjoey, MA Financial Group) below.

Barrenjoey (backed by Barclays)

Cameron Partners


Eaton Square

Emerge Capital

E&P Financial Group

Ferghana Partners Group

Flagstaff Partners

Forsyth Barr


Highbury Partnership

Jarden Group

J.B. North & Co

Kidder Williams


Lewis Tucker & Co.

Luminis Partners (backed by Evercore)

MA Financial Group (backed by Moelis)

Murray & Co

M&A Partners

North Ridge Partners

Northington Partners

Oaktower Partnership

Tiaki Capital

For Further Reading

List of Top Investment Banks

Investment Banking Email Format

Investment Banking Resume Template and Example


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