What White Oak Capital Llc does

White Oak Capital Partners is a boutique investment banking firm based in Memphis, Tennessee, that provides M&A advisory, capital raising, and strategic advisory services to lower middle market companies. The firm is led by co-founders and partners Neil Roberson and Matt Stemmler, who bring over 40 years of combined capital markets and M&A experience from prior roles at Raymond James, Morgan Keegan, ServiceMaster Global (NYSE: SERV), and FTN Financial. White Oak targets business owners, founders, family offices, sponsor-backed platforms, and private equity firms with target companies typically in the $10M-$100M+ revenue range, with vertical concentration in residential services, commercial services, multi-unit/franchise-related businesses, and business services. The firm operates a dedicated sub-brand, Principium, focused on the green industry (landscape services, lawn care, irrigation, arbor care, and outdoor services).

The firm's service offering centers on three capabilities: sell-side and buy-side M&A advisory, debt and equity capital raising (including recapitalizations, senior credit facilities, and acquisition financing), and strategic advisory including valuations and financial opinions. Revenue is generated entirely through transaction-based fees and professional services fees tied to successful outcomes, with no recurring SaaS or subscription component. The go-to-market model is relationship-driven and consultative: partners engage directly with prospective clients through confidential conversations and remain personally involved from first conversation through transaction close — a deliberate structural contrast to the layered-team model at larger banks where junior staff executes much of the work.

Across its disclosed engagements, White Oak has advised on transactions with counterparties including Senske Services (GTCR portfolio), ServiceMaster (Roark Capital portfolio), Authority Brands (Apax portfolio), LawnPro Partners (HCI Equity Partners), Terminix, Covenant Transportation Group, AGRO Merchants Group, AFC Gamma, and Greenbriar Equity Group, among others. The firm is independently owned with no institutional investors, parent company, or disclosed funding, operating from a single Memphis headquarters at 5100 Poplar Avenue with 1-10 total employees and only the two named partners as visible senior leadership.

Name

White Oak Capital Llc

Legal name

White Oak Capital Partners, LLC

Website

https://whiteoak-cap.com

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

White Oak Capital Partners is a Memphis-based boutique investment bank providing M&A advisory, capital raising, and strategic advisory to lower middle market business owners in residential services, commercial services, multi-unit/franchise, and business services sectors.

Ownership category

akta.pro rank

Product category

Investment Banking Advisory

NAICS

Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523), Portfolio Management and Investment Advice (523940)

SIC

Services-Management Consulting Services (8742), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Sell-Side M&A Advisory (FSAEAGAA), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE), Capital Raising Advisory (Equity & Equity-Linked) (FSAEAGAC)

Keywords

• Investment banking advisory
• Mergers and acquisitions
• Capital raising services
• Middle market advisory
• Strategic advisory services

Headquarters

HQ city

Memphis

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

Revenue model

1. M&A Advisory Fees: Transaction-based fees for sell-side and buy-side M&A advisory services. Compensation structured around successful outcomes with fees aligned to transaction completion.
2. Capital Raising Fees: Fees for debt placement, equity capital raises, and recapitalization transactions. Works with banks, private credit funds, BDCs, family offices, and institutional equity providers.
3. Strategic Advisory Fees: Fees for independent strategic counsel, valuations, financial opinions, and strategic alternatives reviews.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels3 records

Core offering

White Oak Capital Partners is a boutique investment banking firm that advises lower middle market business owners on M&A (sell-side and buy-side representation), capital raising (debt placement, equity raises, recapitalizations, acquisition financing), and strategic advisory (valuations, financial opinions, strategic alternatives reviews). Services are delivered personally by two partners with over 40 years of combined capital-markets experience, with a focus on residential services, commercial services, multi-unit/franchise-related businesses, and business services sectors.

Product overview

White Oak Capital Partners is a boutique investment banking firm offering three core service lines: M&A Advisory (sell-side and buy-side representation), Capital Raising (debt placement, recapitalizations, acquisition financing), and Strategic Advisory (valuations, financial opinions, strategic alternatives reviews). The firm operates as a single unified advisory practice rather than a platform-with-modules architecture. Services are delivered through two named partners with over 40 years of combined experience, with no distinct product brands or named modules beyond the three core service categories. White Oak Capital Partners specializes in the lower middle market, focusing on residential services, commercial services, multi-unit/franchise-related businesses, and business services sectors.

Differentiator

Problem solved

Functional benefit

Brands

• Principium: White Oak's specialized advisory practice for the green industry — landscape services, lawn care, irrigation, arbor care, and outdoor services.

Quantifiable outcome

• $5B+ in M&A and capital advisory transactions completed
• +3 more outcomes

Named customers13 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Lincoln International: Global mid-market investment bank specializing in M&A advisory, capital raising, and valuations across consumer and services. Direct competitor for White Oak's deal types and target company size.
• Livingstone Partners: Mid-market M&A advisory firm with sector-focused teams across business and consumer services. Comparable boutique model serving similar lower middle market clients with senior-led execution.
• Harris Williams: Boutique M&A advisory firm focused exclusively on sell-side representation for middle-market companies across consumer and services verticals. Highly comparable to White Oak in target client profile, sector mix, and boutique execution model.
• Cascadia Capital: Middle-market investment bank focused on sell-side M&A and capital raising for consumer, services, and multi-unit franchise businesses. Highly comparable to White Oak in sector mix, deal size, and boutique execution.
• Benchmark International: Mid-market M&A advisory firm serving lower middle market companies with sell-side representation and capital raising. Direct competitor for the same $10M–$100M+ revenue founders and owner-led businesses White Oak targets.

Broad incumbents

• Robert W. Baird: Employee-owned, middle-market focused investment bank with strong M&A and capital markets capabilities. Competes with White Oak for mandates in the lower middle market, though with substantially broader product breadth.
• Stifel: Diversified middle-market investment bank with active M&A and capital raising practices across services and consumer. Overlaps with White Oak in the lower middle market, though at much larger scale.
• Piper Sandler: Diversified middle-market investment bank with a large M&A advisory practice across services and consumer sectors. Comparable because it competes with White Oak for lower middle market sell-side and capital-raising mandates, though at significantly greater scale.
• Houlihan Lokey: Global investment bank with one of the strongest middle-market M&A franchises, including services and consumer. Comparable as a direct competitor for sell-side mandates in White Oak's size range, though Houlihan offers a much broader service mix and global footprint.
• William Blair: Middle-market investment bank with M&A advisory and capital markets businesses serving consumer and services clients. Comparable target market and deal sizes, with broader platform offering.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/white-oak-capital-partners

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 White Oak Capital Llc