What Westbury Group does

Westbury Group LLC is a FINRA-registered, privately held middle-market investment bank founded in 2003 and headquartered in Westport, Connecticut. The firm operates with a team of approximately 12-15 senior professionals and provides three core services: mergers and acquisitions advisory (buy-side and sell-side), capital raising (equity and debt), and strategic counsel including fairness opinions and business valuations. Its team is composed of former business owners, operating executives, and senior bankers with prior experience at JP Morgan, Morgan Stanley, Merrill Lynch, Bain & Company, and other leading institutions, which the firm positions as a key differentiator versus typical boutiques.

The firm's transaction focus is on middle-market deals typically ranging from $15 million to $300+ million in value, with cumulative deal value exceeding $6 billion across more than 20 years of operation. Westbury serves a diversified set of clients across seven sectors — healthcare, technology/media/telecom, aerospace & defense, energy/clean tech/renewables, consumer/food/retail, advanced manufacturing, and transportation & logistics — with named transaction experience spanning sell-side advisory (Microlution sold to Georg Fischer, Q88 sold to Veson Nautical, Pedigo/Enthermics), buy-side advisory (Click Bond's acquisition of Brighton Science), and capital raises (Heartland Water Technology's $45 million equity raise, HGR Energy's $20 million debt facility from Energea).

The revenue model is transaction-fee-based, with M&A advisory fees ranging from 2% to 8% of transaction value, placement and success fees on capital raises, and retainer or project-based fees for strategic advisory work. Distribution is exclusively direct, with managing directors and partners personally originating and managing engagements. The firm extends its geographic reach beyond a single Westport, CT office through memberships in two global M&A networks — the International Corporate Finance Group (ICFG, as the sole US member since 2019) and Cognos Global Partners — which provide cross-border deal flow and international transaction coordination. There is no proprietary technology platform; the firm relies on standard financial modeling, valuation, and deal management tools delivered through senior banker-led engagements.

Name

Westbury Group

Legal name

Westbury Group LLC

Website

https://westburygroup.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Westbury Group LLC is a FINRA-registered middle-market investment bank founded in 2003, headquartered in Westport, Connecticut, providing M&A advisory, capital raising, and strategic counsel services across healthcare, TMT, aerospace & defense, energy, consumer, manufacturing, and transportation sectors for transactions typically ranging from $15M to $300M+.

Ownership category

akta.pro rank

Headquarters

HQ city

Westport

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. M&A Advisory Fees: Transaction-based success fees (placement fees) charged to sell-side and buy-side clients for M&A advisory services, typically ranging from 2% to 8% of transaction value. Engagements are custom-structured based on transaction complexity, deal size, and client resources.
2. Capital Raising / Placement Fees: Fees earned on equity and debt capital raises, including expansion capital, restructurings, and recapitalizations. Revenue is generated through placement agent fees, commitment fees, and success fees tied to capital raised.
3. Strategic Advisory / Retainer Fees: Retained or project-based financial advisory and business consulting services, including fairness opinions and valuations. These engagements provide recurring or upfront fees independent of transaction completion.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Westbury Group is a FINRA-registered middle-market investment bank and broker-dealer providing Mergers & Acquisitions Advisory (buy-side and sell-side), Capital Raising (equity and debt financing from $10 million to hundreds of millions), and Strategic Counsel services (fairness opinions, valuations, and transaction preparation consulting). The firm focuses on transactions ranging from $15 million to $300+ million for business owners, private equity firms, and strategic acquirers across seven sector verticals.

Product overview

Westbury Group is a FINRA-registered middle-market investment banking firm that offers a unified suite of advisory services centered on three core offerings: Mergers & Acquisitions Advisory (buy-side and sell-side transactions), Capital Raising (equity and debt financing from $10 million to hundreds of millions), and Strategic Counsel (including fairness opinions and valuations). The firm does not operate a software platform; its products are professional services delivered by senior bankers with transactional and real-world operations experience across healthcare, technology, manufacturing, aerospace/defense, consumer, energy, and transportation sectors. Transaction sizes typically range from $15 million to $300+ million.

Differentiator

Problem solved

Functional benefit

Products and services

• Mergers & Acquisitions Advisory Advisory services for buying and selling companies, including buy-side and sell-side M&A transactions. Westbury helps clients evaluate objectives, identify optimal strategies, and navigate the transaction process from valuation through closing using a disciplined six-phase process (Due Diligence, Marketing Preparation, Marketing, Sales, Deal Preparation, Closing). Transaction sizes typically range from $15 million to $300+ million. Targeted at middle-market business owners, corporations, and private equity firms across healthcare, TMT, aerospace/defense, energy/clean tech, consumer/retail, advanced manufacturing, and transportation/logistics sectors.
• Capital Raising Assistance with raising equity and debt capital, including expansion capital, growth financing, restructurings, recapitalizations, management/leveraged buyouts, and going-private transactions. Serves clients from early-stage firms to established corporations seeking $10 million to hundreds of millions in capital. Westbury aligns client objectives with financial strategy, identifies high-potential sources of capital, creates competitive investor environments to minimize dilution, and advises on complex capital raise structures.
• Strategic Counsel Retained or project-based financial advisory and business consulting services to privately-held companies, including strategic management consulting to prepare companies for transactions, equity capital markets advisory, and board-level guidance similar to private equity firm support. Westbury coordinates client advisory teams across financial, tax, legal, trust/estate, and accounting advisors.
• Fairness Opinions Independent, impartial assessments of transaction fairness to meet fiduciary responsibilities. Covers situations such as unsolicited bids, multiple-bid deals, significant divestitures, related-party transactions, and going-private transactions. Targeted at boards and special committees of middle-market companies.
• Valuations Independent business and asset valuation services applying accepted valuation methodologies to support strategic decision-making for mergers & acquisitions, recapitalizations, and other strategic planning purposes. Provided as a standalone or bundled advisory service to privately-held middle-market companies.

Quantifiable outcome

• Median improvement in sale value of 24.3% for private companies hiring an M&A advisor vs. single buyer negotiation (based on study of 3,281 transactions)

Named customers6 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core, secondary and minor.

• International Corporate Finance Group (ICFG)coreStrategic or Co-development Partner · 1 November 2019Westbury Group joined ICFG as its sole US member firm in November 2019. ICFG is a global M&A and corporate finance network of 12 independent member firms focusing on the middle market. The partnership expands Westbury's real market presence around the world and provides cross-border deal flow and transatlantic collaboration opportunities. ICFG has 18 offices worldwide and has closed thousands of transactions since 1956.
• Cognos Global PartnerscoreStrategic or Co-development PartnerWestbury Group is a member of Cognos Partners, a global network of independent mid-market M&A firms advising ambitious entrepreneurs, management teams, and businesses on acquisitions, disposals, capital and debt fundraises, and transaction support services. Cognos' affiliate firms provide local presence and knowledge around the globe, enhancing Westbury's ability to pursue global cross-border buyers, investors, and sellers.
• Regiment SecuritiessecondaryImplementation/ SI/ Consulting PartnerWestbury Group collaborated with Regiment Securities, a FINRA-registered broker-dealer, to structure and execute the $20 million HGR Energy debt financing transaction from Energea. The combined expertise of both firms ensured a seamless process from identifying the right financing partner to closing the deal.
• Robinson & ColeminorImplementation/ SI/ Consulting PartnerRobinson & Cole served as buyer's transaction counsel in connection with Click Bond's acquisition of Brighton Science. Westbury Group acted as exclusive financial advisor to the buyer (Click Bond) on the transaction.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Cassel Salpeter & Co. Cassel Salpeter is a boutique investment bank serving middle-market clients with M&A advisory, capital raising, and fairness opinions. Highly comparable to Westbury in size, FINRA-registered model, and focus on business owner transactions across healthcare and industrials.
• Lincoln International: Lincoln International is a global middle-market M&A advisory firm with deep sector coverage across industrials, healthcare, TMT, and consumer. It is directly comparable to Westbury in deal size focus ($50M-$1B+), boutique senior-banker model, and cross-border execution capabilities.
• Stout: Stout is a middle-market advisory firm offering M&A, valuation, and financial advisory services with similar sector breadth to Westbury, including healthcare, industrials, and consumer. Comparable in team-based execution and transaction size focus.
• Cascadia Capital: Cascadia Capital is a middle-market M&A advisory firm with sector focuses including healthcare, consumer, and industrials. Comparable to Westbury in boutique senior-banker model, transaction size focus, and middle-market business owner client base.
• Headwaters MB: Headwaters MB is a middle-market M&A advisory firm with similar sector coverage and transaction size focus to Westbury. It competes directly for healthcare, industrials, and consumer deals in the $20M-$300M range.
• Mufson Howe Hunter: Mufson Howe Hunter is a boutique middle-market investment bank providing M&A advisory and capital raising services. Comparable to Westbury in boutique size, sector breadth across healthcare and consumer, and senior-led execution model.
• Brown Gibbons Lang & Company: Brown Gibbons Lang is a middle-market investment bank with M&A advisory and capital raising services. Comparable to Westbury in senior-banker-led execution, sector coverage across healthcare and consumer, and middle-market transaction focus.

Broad incumbents

• Houlihan Lokey: Houlihan Lokey is a much larger global investment bank with a significant middle-market M&A franchise. It competes with Westbury for middle-market healthcare and consumer deals but operates at significantly greater scale with broader product offerings including capital markets and restructuring.
• D.A. Davidson: D.A. Davidson is a middle-market focused financial services firm with M&A advisory, capital markets, and wealth management. Larger than Westbury but competes directly for middle-market healthcare and consumer M&A engagements across the US.
• Goldman Sachs (Middle Market M&A): Goldman Sachs is a bulge bracket global investment bank that increasingly competes in the lower middle market through scaled coverage teams. While far larger than Westbury, it competes for larger middle-market healthcare and consumer M&A engagements where Westbury's deal sizes approach $250M+.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

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Revenue estimate

Valuation estimate

Number of profiles

Profiles10 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 Westbury Group