TM Capital
TM Capital is a U.S. middle-market investment bank providing M&A advisory, capital formation, and strategic advisory services across Business Services, Consumer, Healthcare, Industrials, and Specialty Chemicals, now operating as a division of Capstone Partners (Huntington Bancshares).
- Company typePrivate
- Founded1990
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TM Capital does
TM Capital is a U.S.-based middle-market investment bank founded in 1989 (per firmographic data; one source cites 1990) and headquartered in New York, with additional offices in Boston and Atlanta. The firm provides M&A advisory (buy-side and sell-side), capital formation (debt and equity private placements, recapitalizations, growth capital), and strategic advisory services to entrepreneurs, family-owned businesses, institutional companies, and publicly owned middle-market companies. TM Capital organizes its coverage around five core industry verticals — Business Services, Consumer & Retail, Healthcare, Industrials, and Specialty Chemicals & Materials — with sector-specific Managing Directors leading each practice (e.g., Jarrad Zalkin leads Business Services, David Felts leads Equipment Rental & Dealers within Industrials, Steve Hunter heads Financial Sponsor Coverage, and Anthony Giorgio leads the Specialty Chemicals practice via TM Catalyst). Select disclosed mandates include Fidelity Memorial Group's recapitalization by Saw Mill Capital, Hanley Energy Group's ~$783M sale to Jabil, Cali Bamboo's ~$104M sale to Victoria PLC, and Resolute Forest Products' $300M sale of its Catawba pulp mill.
TM Capital generates revenue exclusively through transaction-based fees tied to successful M&A closings, private placements, and strategic advisory engagements. Pricing is not publicly disclosed but follows industry-standard boutique-banking conventions: percentage-of-transaction-value fees, engagement retainers, and expense reimbursements, with multi-year client engagement cycles typical. The firm's go-to-market is relationship-led, enterprise field sales — senior bankers cultivate mid-market business owners directly, supplemented by an extensive thought-leadership library (sector monthlies, annual spotlights), industry-conference presence, and PE-sponsor coverage. As a founding member of Oaklins, a global alliance of middle-market M&A advisors across 45 countries and 70+ offices, TM Capital accesses cross-border deal flow and international buyer/seller networks without bearing the fixed cost of its own international footprint.
In January 2026, TM Capital was acquired by Capstone Partners, a subsidiary of Huntington Bancshares (NASDAQ: HBAN), and now operates as a division of Capstone. The integration expanded the combined platform's coverage to 16 industry verticals, approximately 300 ongoing transactions, and relationships with over 30,000 business owners annually. TM Capital is a FINRA member and SIPC-insured entity; it has no technology product, no proprietary software platform, and no disclosed AI/ML capabilities — its offering is purely human advisory services delivered through senior banker relationships.
TM Capital firmographics
Firmographics- Name
- TM Capital
- Legal name
- TM Capital LLC
- Website
- https://tmcapital.com
- Company type
- Private
- Founded year
- 1990
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TM Capital is a U.S. middle-market investment bank providing M&A advisory, capital formation, and strategic advisory services across Business Services, Consumer, Healthcare, Industrials, and Specialty Chemicals, now operating as a division of Capstone Partners (Huntington Bancshares).
- Ownership category
- akta.pro rank
TM Capital industry classification
Industry- Product category
- Middle-Market Investment Banking & M&A Advisory
- NAICS
- Investment Banking and Securities Intermediation (523150)
- SIC
- Security Brokers, Dealers & Flotation Companies (6211), Investment Advice (6282)
- akta.pro primary industry
- Buy-Side M&A Advisory (FSAEAGAB)
Keywords
Where TM Capital is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
TM Capital business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure
Revenue model
- M&A Advisory Fees: Transaction-based fees for merger and acquisition advisory services including buy-side and sell-side mandates, strategic advisory, and financing arrangements
- Capital Formation Services: Debt and equity financing advisory, including private placements, recapitalizations, and growth capital raises
- Financial Sponsor Coverage: Advisory services for private equity firms, financial sponsors, and institutional investors on portfolio company transactions
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | M&A Advisory - Middle Market |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels6 records
TM Capital product offering
Product offeringCore offering
TM Capital is a middle-market investment bank that provides M&A advisory (buy-side and sell-side mandates), capital formation (debt and equity financing, private placements, recapitalizations), and strategic advisory services. The firm targets middle-market companies, entrepreneurs, and financial sponsors across five industry verticals: Business Services, Consumer, Healthcare, Industrials, and Specialty Chemicals & Materials. As a founding member of Oaklins, TM Capital leverages a 45-country network to execute domestic and cross-border transactions.
Product overview
TM Capital is a middle-market investment bank providing M&A advisory, capital formation, and financial advisory services. The firm operates as part of the Oaklins global network and organizes its expertise across five industry verticals: Business Services, Consumer, Healthcare, Industrials, and Specialty Chemicals & Materials. TM Capital does not offer a technology product or software platform — its service offering consists exclusively of investment banking advisory services, including sell-side and buy-side M&A transactions, capital raises, and strategic advisory for middle-market companies.
Differentiator
Problem solved
Functional benefit
Products and services
- M&A Advisory Services
- Capital Formation Services
- Strategic Advisory Services
- Financial Sponsor Coverage
- TM Catalyst (Specialty Chemicals & Materials Practice)
Companies that use TM Capital
Customer profileNamed customers12 records
Segments6 records
Ideal customer profiles2 records
TM Capital technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
TM Capital partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered flagship.
- Capstone PartnersflagshipTM Capital joined Capstone Partners as a division, becoming a subsidiary of Huntington Bancshares Incorporated. The integration expanded Capstone's transactional capacity to approximately 300 ongoing transactions across 16 industry verticals.
- OaklinsflagshipTM Capital is a founding member of Oaklins - the world's preeminent middle market M&A advisor with offices in 45 countries. This partnership provides global reach for cross-border transactions and access to international buyer/seller networks. Oaklins member firms collaborate on transactions across multiple geographies.
Scale indicators9 records
Recent moves7 records
Expansion highlights5 records
TM Capital competitors and assessment
Company assessmentBroad incumbents
- Piper Sandler: Public full-service investment bank with a sizable middle-market M&A advisory franchise across Consumer, Healthcare, Industrials, and Business Services - directly overlapping TM Capital's verticals.
- Houlihan Lokey: Large global investment bank with a strong middle-market M&A advisory practice alongside restructuring and capital markets. Competes with TM Capital on larger middle-market mandates while also serving upper-middle-market and large-cap clients.
- Raymond James Investment Banking: Investment banking division of Raymond James Financial, with a substantial middle-market M&A practice covering Consumer, Industrials, Healthcare, and Business Services - directly comparable to TM Capital's sector coverage and target clients.
- Robert W. Baird: Private, employee-owned investment bank with a robust middle-market M&A advisory franchise covering Consumer, Healthcare, Industrials, and Business Services, comparable in client profile and deal size to TM Capital.
- William Blair: Private global investment bank with strong sector-dedicated coverage in Consumer, Healthcare, and Industrials. Competes head-to-head with TM Capital for middle-market sell-side and sponsor-driven mandates.
- Jefferies (Investment Banking): Full-service global investment bank with a sizable middle-market advisory practice covering TM Capital's key verticals. Competes on larger mandates where balance-sheet financing and capital markets capabilities are required.
Direct peers
- Capstone Partners: Now TM Capital's parent platform after the 2026 Huntington Bancshares acquisition. Both firms serve the same middle-market M&A advisory market across overlapping verticals (Business Services, Healthcare, Industrials, Consumer) with comparable transaction-based fee models.
- Lincoln International: Middle-market M&A advisory firm with a comparable sector-focused model spanning Business Services, Industrials, Healthcare, and Consumer. Directly competes for the same middle-market sell-side and sponsor-led mandates as TM Capital.
- Harris Williams: Boutique middle-market M&A advisory firm with vertical specialization across Consumer, Healthcare, Industrials, and Business Services - directly mirroring TM Capital's sector-organized model and sponsor relationships.
- Benchmark International: Middle-market M&A advisory firm specializing in sell-side transactions across Business Services, Consumer, Healthcare, and Industrials - a comparable boutique competitor to TM Capital for similar-sized mandates.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
TM Capital social profiles
Digital presenceTM Capital financial estimates
Financial estimateRevenue estimate
Valuation estimate
TM Capital leadership team
Management profileNumber of profiles
Profiles13 records
TM Capital funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TM Capital M&A and investment
M&A and investmentM&A1 record
Investments2 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TM Capital
What does TM Capital do?
TM Capital is a middle-market investment bank that provides M&A advisory (buy-side and sell-side mandates), capital formation (debt and equity financing, private placements, recapitalizations), and strategic advisory services. The firm targets middle-market companies, entrepreneurs, and financial sponsors across five industry verticals: Business Services, Consumer, Healthcare, Industrials, and Specialty Chemicals & Materials. As a founding member of Oaklins, TM Capital leverages a 45-country network to execute domestic and cross-border transactions.
Is TM Capital a public or private company?
TM Capital is a private company. It is classified as corporate owned and is currently operating.
When was TM Capital founded?
TM Capital was founded in 1990. It employs 11 to 50 people.
Where is TM Capital based?
TM Capital is headquartered in New York, United States, in the North America region.
How does TM Capital make money?
Three revenue lines are on record. M&A Advisory Fees are the primary driver. The others are capital Formation Services and financial Sponsor Coverage.
Who are TM Capital's main competitors?
Broad incumbents on record are Piper Sandler, Houlihan Lokey, Raymond James Investment Banking, Robert W. Baird, William Blair and Jefferies (Investment Banking). Direct peers are Capstone Partners, Lincoln International, Harris Williams and Benchmark International.
Does TM Capital have an API?
No public API is recorded for TM Capital.
What industry is TM Capital in?
TM Capital's product category is Middle-Market Investment Banking & M&A Advisory. Its primary akta.pro industry code is FSAEAGAB, Buy-Side M&A Advisory. Its NAICS code is 523150 and its SIC code is 6211.