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The Middle Market Review Insights on the Middle Market.

From Carnegie to KKR to the Lower Middle Market: 250 Years of Capital in America

Kaitlinn Thatcher

The Sale That Changed American Capital On March 2, 1901, Andrew Carnegie agreed to sell Carnegie Steel to J.P. Morgan…

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Axial Products

The Winning LOI [Vol. 5, Issue 21, No. 97]

Kaitlinn Thatcher
July 7, 2026

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Recognizing 20 Military Veterans in M&A

Kaitlinn Thatcher
July 2, 2026

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Born in America: The Industries That Founded the Nation, and the Ones Shaping Today’s M&A

Kaitlinn Thatcher
June 30, 2026

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Free DCF Excel Template

Building a DCF model is both exceptionally complicated and very time consuming. Use this free downloadable DCF Excel Template to value your company today.

Axial Advisor 100 – 2023 Edition

This list features the most referred investment banks and sell-side M&A advisors across three categories: Individual Deal Quality Overall Deal Volume Process Effectiveness

The Winning LOI eBook

To assemble this eBook, we compiled the first 25 issues from The Winning LOI series - the Axial newsletter that anonymously reveals small business M&A valuation data and certain key deal terms associated with winning LOIs.

250 Deals, Breakups, Buyouts & Consolidations That Shaped American M&A

A note from Peter Lehrman, Founder & CEO, Axial. July 4, 2026 marks 250 years since the most historically important…

Introducing the USA 250 M&A Series

July 4, 2026 marks 250 years since the most historically important M&A transaction announcement in modern history. America’s founding was…

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Advisors

Lane Carrick on Founder Psychology, Deal Sabotage, and the M&A Emergency Room

Today’s guest is Lane Carrick, founder of Optima Mergers & Acquisitions, a boutique lower middle market investment bank he launched…

Advisors

2026 M&A Fee Guide

Since 2022, Axial has surveyed M&A advisors, investment bankers, and business brokers in its network to track how fee structures…

Business Owners

How to Decide Between Selling, Raising Capital, or Waiting

A business owner called Axial after receiving repeated outreach from investors for over a year. When he finally took a…

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The Winning LOI [Vol. 5, Issue 20, No. 96]

In today’s issue, we review the winning LOI for a commercial printing company. The business provides printing, direct mail, and…

Business Owners

From Unsolicited Offers to a Competitive Process

“Looking back, the process delivered a meaningfully better result than what we would have achieved handling inbound interest on our…

Buyers

Axial Pursuits Report: 1H 2026

Every month, thousands of buyers on Axial actively review, pursue, and engage with lower middle market acquisition opportunities across a…

The Winning LOI [Vol. 5, Issue 19, No. 95]

In today’s issue, we review the winning LOI for a digital marketing services business specializing in lead generation, marketing automation,…

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