True North M&A Named Among 2025 Axial Top 50 Lower Middle Market Industrials Investors and M&A Advisors

MINNEAPOLIS, MN June 27, 2025 – True North Mergers & Acquisitions is proud to announce its inclusion in Axial’s 2025 Top 50 Lower Middle Market Industrials Investors and M&A Advisors–a respected annual ranking that highlights the most active and effective M&A advisors in the lower middle market industrials space.

This annual list showcases the 50 standout firms across buy-side and sell-side that specialize in industrials transactions, with Axial’s selection methodology being a multi-dimensional one that included:

• The number of industrial deals brought to market via Axial
• The level of interest those deals generated
• The number of deals that progressed through the deal funnel

Accounting for more than 25% of all lower middle market deal flow, industrials remains the most active sector on Axial’s platform. Its diversity, which spans logistics and distribution, specialty manufacturing, and industrial services, continues to attract strong interest from independent sponsors, strategic acquirers, and private equity firms.

This recognition for True North Mergers & Acquisitions comes at a time when dealmaking in this vertical is both active and competitive. According to Axial’s 2025 report, EBITDA multiples across aerospace, distribution, construction, and HVAC range from 2.8x to over 8x, and 75% of surveyed deal professionals reported closing three or more deals in the past year. This highlights the sector’s ongoing momentum and investor demand.

To view the complete list of honorees and gain more insight into deal structures and sector outlook, visit Axial.

About True North Mergers & Acquisitions

True North Mergers & Acquisitions provides advisory services to companies with annual revenues ranging from $10 million to over $150 million. The firm focuses on delivering best-in-class service and optimal outcomes for business owners looking to prepare for an exit, merge with, or acquire a business.