Mergers & Acquisitions Advisory for Middle Market Companies

Middle Market M&A Advisory | Investment Bank in Indianapolis | FNEX
Investment Banking · Corporate Finance · Strategy

Your Strategic Partner in Middle Market Transactions

FNEX is a middle market investment bank providing exit strategy analysis and preparation, buy-side and sell-side M&A representation, and capital raises of debt and equity. We focus on proper preparation and closely matched counterparties, and we work as partners with clients to understand the goals and drivers behind their business.

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Enterprise Value Range Advised
$10MM – $1B+
$26B+
Transactions
160+
Financial Professionals
50
States Served
What Is M&A Advisory
M&A advisory is the process of preparing, marketing, negotiating, and closing the sale, acquisition, or combination of a business. Whether you are selling your business or pursuing an acquisition, an advisor represents either the seller (sell-side) or the buyer (buy-side), managing valuation, counterparty identification, negotiation, and diligence so you can execute a transaction aligned with your objectives.
Our M&A Services

Advisory built around middle market transactions

FNEX advises companies with enterprise values from $10 million to $1 billion or more, customizing each engagement to the client’s structure, ownership, and goals.

Sell-Side Advisory

Guidance for owners selling their business, from positioning and confidential marketing through buyer negotiation and closing.

Buy-Side Advisory

Target identification, evaluation, and deal execution support for companies and sponsors pursuing acquisitions.

Valuation Services

Detailed valuation analysis to help clients understand what a business, or a potential target, is worth.

Capital Placement

We partner with management to formalize capital needs, evaluate financial results and projections, and prepare for due diligence, placing $5 million to $200 million in debt, equity, or a combination.

Growth Advisory

Strategy and capital formation for businesses pursuing rapid expansion, typically involving $15 million or more in capital deployment and/or multiple acquisitions as part of a roll-up strategy.

Not sure which service fits?

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Our Process

A structured path, whether you’re selling or acquiring

The sequence of an engagement differs depending on which side of the table you’re on. Toggle below to see how each path runs.

01

Discovery & Readiness

Understand ownership structure, objectives, and what a successful outcome looks like.

02

Valuation & Positioning

Assess value and build the materials buyers need to evaluate the opportunity.

03

Confidential Marketing

Approach qualified, vetted buyers under a blind profile to protect sensitive information.

04

Buyer Screening & Offers

Qualify interested parties and compare indications of interest and letters of intent.

05

Negotiation & Diligence

Negotiate terms and support the buyer’s due diligence process through to agreement.

06

Closing & Transition

Coordinate final documentation and support a clean transition of ownership.

01

Acquisition Strategy

Define acquisition criteria, target profile, and how a deal fits the client’s broader strategy.

02

Target Identification

Identify and screen candidates that match the defined acquisition criteria.

03

Outreach & Discussions

Initiate confidential conversations with target ownership or leadership.

04

Valuation & Structuring

Evaluate the target and structure an offer aligned with strategic and financial goals.

05

Due Diligence

Coordinate financial, operational, and legal review ahead of a final agreement.

06

Closing & Integration

Support closing mechanics and early planning for post-close integration.

Why FNEX

Explore How FNEX Can Work for Your Business

Deep Operational and Transaction Experience

Our professionals have diverse backgrounds in advising, operating, and investing in middle market companies, providing clients with valuable insights and strategies.

Client-Centric Approach

We view our clients as partners, working closely to understand their goals and the drivers of their business to create tailored strategies that achieve the desired growth and liquidity.

Proven Track Record

FNEX has successfully facilitated numerous M&A transactions, helping clients navigate the complexities of the process while maximizing value.

Where We Work

Investment banking advisors in Indianapolis and nationwide

FNEX maintains a presence in Indianapolis alongside offices across the United States and abroad, giving middle market clients local access to a national transaction platform.

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Who We Serve

Deal criteria at a glance

FNEX works with founders, CEOs, entrepreneurs, business owners, management teams, and financial sponsors across most industries who meet the following general profile.

Enterprise Value$10MM – $1B+
Capital Placement$5MM – $200MM
GeographyAll 50 States

See our completed transactions

Review a selection of sell-side, buy-side, and capital placement engagements FNEX has advised on.

View All Transactions

Ready to explore your options?

Schedule a consultation with the FNEX M&A team to discuss your objectives.

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Frequently Asked Questions

Questions owners and acquirers ask

What is the difference between sell-side and buy-side M&A advisory?+
Sell-side advisory represents a business owner preparing to sell all or part of a company, from positioning through closing. Buy-side advisory represents a company or sponsor identifying, evaluating, and pursuing acquisition targets. FNEX provides both under one platform.
What size companies does FNEX work with?+
FNEX advises middle market companies with enterprise values generally between $10 million and $1 billion or more, across most industries and all 50 states.
How is confidentiality maintained during a sale process?+
Sell-side engagements are typically marketed under a blind company profile. Identifying details are released to a prospective buyer only after a non-disclosure agreement is executed.
How does FNEX identify buyers or acquisition targets?+
As a FINRA-registered broker-dealer with an integrated capital markets platform, FNEX draws on its transaction network, industry relationships, and the FNEX Alternatives Market to identify qualified counterparties.
Can FNEX also help raise capital alongside a transaction?+
Yes. FNEX assists middle market companies seeking capital placement, generally between $5 million and $200 million, through debt, equity, or a combination structured around the client’s objectives.
What happens during a business valuation?+
A valuation combines financial analysis, market comparables, and deal structure considerations to help an owner or acquirer understand what a business is likely worth in the current market.
I’m thinking about selling my business. Where do I start?+
Start with an initial consultation. FNEX will discuss your objectives, ownership structure, and goals, then outline a proposed scope of work, including valuation, positioning, and confidential buyer outreach.
Does FNEX serve business owners in Indianapolis?+
Yes. FNEX maintains a presence in Indianapolis alongside offices across the United States and abroad, and advises middle market companies in Indiana and nationwide.
What is the first step in working with FNEX?+
Engagements typically begin with an initial consultation to understand a company’s objectives, ownership structure, and goals, followed by a proposed scope of work.
How does FNEX approach finding the right buyer or acquisition target?+
Buy-side and sell-side assignments are both targeted searches that differ only in direction of focus. Rather than waiting on inbound interest, FNEX evaluates size, style and culture, location, market, and the people involved to find a genuine fit rather than simply what is available.

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