TM Capital

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.

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

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

• Mergers and acquisitions advisory
• Middle market investment banking
• Capital formation services
• Sell-side advisory
• Strategic financial advisory

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. 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
2. Capital Formation Services: Debt and equity financing advisory, including private placements, recapitalizations, and growth capital raises
3. Financial Sponsor Coverage: Advisory services for private equity firms, financial sponsors, and institutional investors on portfolio company transactions

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core 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)

Named customers12 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered flagship.

• Capstone PartnersflagshipStrategic or Co-development Partner · 12 January 2026TM 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.
• OaklinsflagshipStrategic or Co-development PartnerTM 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

Broad 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

• LinkedInlinkedin.com/company/tm-capital
• Xx.com/tmcapitalcorp

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about TM Capital