Two Roads Advisors
Two Roads Advisors is a New York-based boutique investment bank providing M&A advisory, capital raising, and corporate strategy services to founder-led, PE-backed, and public mid-market companies, with principals having closed 125+ transactions exceeding $18 billion in aggregate value.
- Company typePrivate
- Founded2020
- HeadquartersNew City, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Two Roads Advisors does
Two Roads Advisors is a New York-based boutique investment bank founded in 2020 that provides M&A advisory, capital raising, and corporate strategy services, with its principals having collectively completed over 125 transactions totaling more than $18.0 billion in aggregate transaction value across a 19+ year track record. The firm is structured as a senior-led advisory team comprising Managing Partners, Partners, Managing Directors, Senior Advisors, Vice Presidents, Associates, and Analysts (~17 listed professionals), with prior experience at Merrill Lynch, Credit Suisse, Bank of America, Canaccord Genuity, Sonenshine Partners, and FE International. Service offerings span Sell-Side M&A (positioning, competitive process management, and negotiation), Buy-Side M&A (target identification through execution), Capital Raising (secured debt to common equity), and Corporate Strategy & Finance (CFO supplementation and strategic guidance).
The firm generates revenue through professional services fees tied to M&A advisory mandates, capital raises, and consulting engagements, with pricing structured around transaction-based and retainer arrangements (specific fees not publicly disclosed). Securities offerings are executed through a partnership with Finalis Securities LLC, a FINRA/SIPC-registered broker-dealer that provides the regulatory platform; Two Roads Advisors LLC itself is not a registered broker-dealer. The firm serves three primary segments — Founder/Family/Entrepreneur-owned businesses, Private Equity-backed businesses, and Public Companies — with sector expertise concentrated in Software & Technology, Digital Marketing, Business Services, Consumer Brands, Healthcare, Manufacturing, Media, and Financial Services. Recent disclosed transactions include advising 1SEO on its sale to Scorpion, Sperling on its acquisition by Arketi Group, Nationwide Appraisal Network on its sale to Stewart Valuation Intelligence, and Flok on its sale to FormativGroup. An unusual principal-side move was the November 2023 acquisition of Inflection Brands, departing from the firm's pure-advisory model.
Two Roads Advisors firmographics
Firmographics- Name
- Two Roads Advisors
- Legal name
- Two Roads Advisors LLC
- Website
- https://tworoadsadvisors.com
- Company type
- Private
- Founded year
- 2020
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Two Roads Advisors is a New York-based boutique investment bank providing M&A advisory, capital raising, and corporate strategy services to founder-led, PE-backed, and public mid-market companies, with principals having closed 125+ transactions exceeding $18 billion in aggregate value.
- Ownership category
- akta.pro rank
Two Roads Advisors industry classification
Industry- Product category
- Investment Banking & M&A Advisory
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sell-Side M&A Advisory (FSAEAGAA)
- akta.pro secondary industry
- Buy-Side M&A Advisory (FSAEAGAB)
Keywords
Where Two Roads Advisors is headquartered
LocationHeadquarters
- HQ city
- New City
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Two Roads Advisors business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Marketing or Sales, Operations, Technology or R&D, Infrastructure
Revenue model
- M&A Advisory Fees: Fees earned from advising on mergers, acquisitions, and divestitures. Typically includes success fees, retainers, and transaction fees.
- Capital Raising Advisory: Fees from marketing, structuring, and securing growth capital or shareholder liquidity ranging from secured debt to common equity.
- Corporate Strategy & Finance Consulting: Fees for strategic guidance, financial expertise, and CFO role supplementation services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | M&A Advisory Services |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Two Roads Advisors product offering
Product offeringCore offering
Two Roads Advisors is a boutique investment bank that provides mergers and acquisitions advisory, capital raising, and corporate strategy and finance advisory services. The firm guides owners, founders, and investors through sell-side M&A, buy-side M&A, capital raises (secured debt to common equity), and corporate strategy engagements, with securities offered through Finalis Securities LLC.
Product overview
Two Roads Advisors is a specialized boutique investment bank that provides M&A advisory, capital raising, and corporate strategy services. Their service offerings include Sell-Side M&A (positioning businesses for sale, creating competition through strategic and financial relationships, negotiating on behalf of clients), Buy-Side M&A (identifying, approaching, structuring, due diligence, and executing acquisition transactions), Capital Raising (marketing, structuring, and securing growth capital or shareholder liquidity from secured debt to common equity), and Corporate Strategy & Finance (strategic guidance, financial expertise, professional CFO role support). The firm has advised on over 125 transactions totaling over $18.0 billion in aggregate transaction value, with expertise across sectors including Software & Technology, Digital Marketing, Business Services, Consumer Brands, Healthcare, Manufacturing, Media, and Financial Services.
Differentiator
Problem solved
Functional benefit
Products and services
- Sell-Side M&A Advisory service positioning businesses for sale, creating competition through strategic and financial relationships, and negotiating on behalf of sellers. Targets founder/family/entrepreneur-owned businesses, PE-backed businesses, and public companies pursuing exits or divestitures.
- Buy-Side M&A Advisory service that identifies, approaches, structures, performs due diligence on, and executes acquisitions of proprietary targets for corporate and financial buyers.
- Capital Raising Advisory service that markets, structures, and secures growth capital or shareholder liquidity ranging from secured debt to common equity. Covers growth equity, debt financings, private placements, recapitalizations, and restructurings.
- Corporate Strategy & Finance Advisory service providing strategic guidance, financial expertise, and supplemental or interim CFO role support to help position businesses for sustainable growth and competitive advantage.
Quantifiable outcome
- 125+ transactions completed
- +1 more outcomes
Companies that use Two Roads Advisors
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Two Roads Advisors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Two Roads Advisors partnerships and signals
Strategic signalScale indicators3 records
Recent moves6 records
Expansion highlights5 records
Two Roads Advisors competitors and assessment
Company assessmentBroad incumbents
- Houlihan Lokey: Large global investment bank with a leading M&A advisory practice serving mid-market and large-cap clients across corporate finance, financial restructuring, and valuation. Direct overlap with Two Roads' sell-side, buy-side, and capital raising services, but with substantially greater scale, sector coverage, and brand recognition.
- Piper Sandler: Mid-market-focused investment bank providing M&A advisory, equity capital markets, and debt capital markets to middle-market companies. Competes with Two Roads for founder-led and PE-backed mandates and has deeper sector research and capital markets capabilities.
- Stifel Financial: Full-service brokerage and investment bank with a substantial middle-market M&A and capital markets franchise. Competes with Two Roads for advisory mandates and equity/debt placements but offers a much broader product set including research and trading.
- William Blair: Mid-market investment bank with strong M&A advisory and capital raising practices serving founder-led, PE-backed, and public companies. Comparable client mix and middle-market focus, with a larger platform spanning investment banking, equities, and asset management.
Direct peers
- Lincoln International: Boutique M&A advisory firm specializing in mid-market transactions across sectors including business services, technology, and consumer. Closely comparable to Two Roads in target client (founder/PE-backed), deal size range, and senior-led engagement model.
- Livingstone Partners: Global mid-market M&A advisory firm with strong sector coverage in business services, consumer, and healthcare. Comparable senior-led boutique model targeting similar founder/family and PE-backed clients in the same deal-size range.
- Cascadia Capital: Independent middle-market investment bank providing M&A and capital raising advisory across technology, consumer, and business services. Direct peer in size, positioning, and sector mix; both firms emphasize senior-led execution and relationship-driven deal sourcing.
- FG Acquisition Corp: Boutique M&A advisor Farlie Gittes & Associates (now FGI) focuses on lower middle-market advisory transactions across business services and consumer. Comparable in size, boutique positioning, and target deal-size range to Two Roads.
- Park Sutton Advisors: Specialist boutique M&A advisor focused on founder-led and family-owned businesses in the lower middle market. Highly comparable client profile, deal size, and senior-led engagement model to Two Roads.
Others
- Source Global Research: Research and advisory firm tracking the professional services industry, including M&A advisory boutiques. Adjacent ecosystem participant whose market sizing and benchmarking underpin the competitive landscape in which Two Roads competes.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks6 records
Key highlights6 records
Customer concentration
Two Roads Advisors social profiles
Digital presenceTwo Roads Advisors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Two Roads Advisors leadership team
Management profileNumber of profiles
Profiles16 records
Two Roads Advisors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Two Roads Advisors M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Two Roads Advisors
What does Two Roads Advisors do?
Two Roads Advisors is a boutique investment bank that provides mergers and acquisitions advisory, capital raising, and corporate strategy and finance advisory services. The firm guides owners, founders, and investors through sell-side M&A, buy-side M&A, capital raises (secured debt to common equity), and corporate strategy engagements, with securities offered through Finalis Securities LLC.
Is Two Roads Advisors a public or private company?
Two Roads Advisors is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Two Roads Advisors founded?
Two Roads Advisors was founded in 2020. It employs 11 to 50 people.
Where is Two Roads Advisors based?
Two Roads Advisors is headquartered in New City, United States, in the North America region.
How does Two Roads Advisors make money?
Three revenue lines are on record. M&A Advisory Fees are the primary driver. The others are capital Raising Advisory and corporate Strategy & Finance Consulting.
Who are Two Roads Advisors's main competitors?
Broad incumbents on record are Houlihan Lokey, Piper Sandler, Stifel Financial and William Blair. Direct peers are Lincoln International, Livingstone Partners, Cascadia Capital, FG Acquisition Corp and Park Sutton Advisors. Source Global Research is listed as an others.
Does Two Roads Advisors have an API?
No public API is recorded for Two Roads Advisors.
What industry is Two Roads Advisors in?
Two Roads Advisors's product category is Investment Banking & M&A Advisory. Its primary akta.pro industry code is FSAEAGAA, Sell-Side M&A Advisory, with a secondary code of FSAEAGAB, Buy-Side M&A Advisory. Its NAICS code is 523940 and its SIC code is 6282.