What EO Advisors does

EO Advisors, LLC is a privately held boutique investment bank founded in 2021 by professionals with backgrounds spanning investment banking, private equity, venture capital, and strategic consulting. The firm is headquartered in Zionsville (Indianapolis), Indiana, with a second office in Newtown Square (suburban Philadelphia), Pennsylvania. It is organized as a partnership, with four named partners (Doug Conner, Alex Shortle, Brian Mihelic, and Ed Murtha), one Vice President, one Senior Analyst, and additional associates, and is registered to provide investment banking and strategic advisory services through its broker-dealer relationship with M&A Securities Group, Inc. (FINRA/SIPC member in Kansas City).

The firm offers four core service lines: Sell-Side M&A Advisory, Buy-Side M&A Advisory, Capital Formation Advisory, and Strategic Advisory. Sell-side advisory dominates the documented transaction history, with at least nine closed mandates since 2021 spanning veterinary software (Hippo Manager), medical gas testing (GasMedix), industrial temperature sensors (Pyromation), healthcare communications (Diagnotes), diesel engine remanufacturing (TTP Holdings/Diesel Power), motion control/automation (Micromatic), drilling rigs (Versa-Drill), and HR technology (Qualifi Technologies), plus one cross-border strategic investment (Urschel Laboratories into Germany's KRONEN GmbH). Pricing is fully customized and non-public; revenue is generated through transaction success fees (percentage of deal value) on M&A mandates and through retainers/engagement fees on strategic advisory and capital formation work. There is no proprietary technology platform, no AI/ML capabilities, and no disclosed funding rounds — the firm operates exclusively on partner-generated deal flow and referral-based client acquisition.

EO Advisors targets lower-middle market companies (typically $10M–$100M+ in annual revenue), closely-held and family-owned businesses, and boards of directors seeking liquidity events, growth capital, or strategic guidance. Its primary geographic focus is the U.S. Midwest and Mid-Atlantic, with selective cross-border mandate capability. The firm also operates a charitable sub-brand, EO Gives, which commits 5% of firm-wide gross revenue to Indiana-based organizations addressing youth equity gaps and has cumulatively granted more than $300K since 2022.

Name

EO Advisors

Legal name

EO Advisors, LLC

Website

https://eoadv.com

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

1–10 employees

Short description

EO Advisors is a boutique investment bank founded in 2021 that provides sell-side and buy-side M&A advisory, capital formation, and strategic advisory services to lower-middle market and closely-held businesses across the U.S. Midwest and Mid-Atlantic.

Ownership category

akta.pro rank

Product category

Investment Banking & Advisory

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

M&A Advisory (Buy-Side & Sell-Side) (BPAHAOAA)

akta.pro secondary industries

Sell-Side M&A Advisory (FSAEAGAA), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC), Corporate Finance Advisory (Strategic Finance, Capital Structure & Recaps) (FSAEAGAE), Corporate Finance & Capital Advisory (BPAHADAB)

Keywords

• Mergers and acquisitions advisory
• Investment banking services
• Capital formation advisory
• Strategic advisory services
• Sell-side M&A advisory

Headquarters

HQ city

Indianapolis

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. M&A Advisory Fees: Transaction-based fees for sell-side and buy-side M&A advisory services. Fees are earned upon successful deal completion.
2. Strategic Advisory Retainers: Advisory fees for ongoing strategic consulting engagements with companies, owners, and boards of directors.
3. Capital Formation Advisory: Fees for supporting capital raising through debt and equity from institutional partners.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

EO Advisors is an integrated strategic advisory and investment banking firm that serves lower-middle market companies, closely-held and family-owned businesses, boards, and management teams. It provides Sell-Side M&A, Buy-Side M&A, Capital Formation, and Strategic Advisory services delivered by senior partners with backgrounds spanning tier-1 banks, consulting firms, and operating companies. Securities transactions are executed through the unaffiliated broker-dealer M&A Securities Group, Inc.

Product overview

EO Advisors is an integrated strategic advisory and investment banking firm offering a unified portfolio of M&A and capital advisory services. The core service offerings include Sell-Side Mergers & Acquisitions, Buy-Side Mergers & Acquisitions, Capital Formation, and Strategic Advisory. These services work together as an integrated advisory framework where the firm applies creative lens and intellectual rigor to uncover unique business stories, inform strategic direction, and execute transactions for business owners. Additionally, the firm operates EO Gives, a charitable initiative that contributes to community organizations supporting youth development and education.

Differentiator

Problem solved

Functional benefit

Brands

• EO Gives: Charitable initiative of EO Advisors through which the Partners support Indiana-based organizations dedicated to providing equitable opportunities to children and young adults. EO contributes 5% of firm-wide gross revenue to organizations combating equity gaps, prioritizing youth development and education.

Products and services

• Sell-Side Mergers & Acquisitions Advisory service partnering with owners as they approach liquidity decisions, determining optimal strategy, preparing the company and stakeholders for market engagement, and executing sell-side transactions. Targeted at business owners and investors seeking liquidity or outright exits.
• Buy-Side Mergers & Acquisitions Advisory service for companies contemplating inorganic growth strategies, supporting development of a focused acquisition thesis, approach to targeted opportunities, and efficient deal closing. Designed for owners and management teams pursuing strategic acquisitions.
• Capital Formation Advisory service supporting companies at growth inflection points seeking to raise debt and equity capital from institutional partners, addressing timing, structure, and partner selection. Targeted at owners and ownership groups looking to fuel growth or strategic direction throughout the corporate lifecycle.
• Strategic Advisory Long-term partnership advisory service considering holistic views of companies, markets, and personal goals to determine optimal paths toward corporate and personal objectives. Focused on corporate strategy, capital planning, growth, and market positioning for companies, owners, and boards of directors.

Quantifiable outcome

• Multiple successful M&A transactions across diverse industries
• +1 more outcomes

Named customers9 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Cascadia Capital: Seattle-based boutique investment bank focused on middle-market M&A advisory across multiple sectors, with comparable team size and lower-middle to mid-market focus.
• Bourne Partners: Healthcare-focused boutique investment bank providing M&A advisory in lower-middle and middle-market healthcare transactions, comparable in boutique scale and sector focus.
• Brown Gibbons Lang & Company: Middle-market investment bank providing M&A advisory and capital raising services across diverse sectors, comparable in service mix and target market segment.
• Madison Street Capital: Chicago-based boutique M&A advisory firm serving middle-market companies, closely comparable in geographic footprint and service offerings to EO Advisors.
• BlackArch Partners: Charlotte-based boutique investment bank providing M&A advisory to middle-market companies across diversified sectors, comparable in service scope and boutique structure.
• Plante Moran Corporate Finance (PMCF): Middle-market M&A advisory practice affiliated with Plante Moran, serving lower-middle market companies across industries with comparable deal size focus.
• Bailey Southwell & Co. Boutique M&A advisor serving middle-market companies with a relationship-driven approach similar to EO Advisors' model.
• Marsh, Berry & Company: Middle-market M&A advisory firm focused on lower-middle market transactions with comparable service offerings in sell-side, buy-side, and capital raising.

Broad incumbents

• Houlihan Lokey: Established global investment bank with a strong middle-market M&A practice; represents the larger incumbent peer that occasionally competes for EO-sized mandates.
• D.A. Davidson: Larger full-service investment bank with a dedicated middle-market M&A practice; competes in similar lower-middle market deals as part of a broader financial services platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/eoadv

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about EO Advisors