Dallas is a hub for manufacturing, energy, and industrial distribution with one of the largest heavy industry bases in the US. This covers 13 industrials M&A advisors in Dallas for manufacturing, distribution, and industrial services deals in 2026.
Industrials M&A in Dallas in 2026
Dallas hosts over 3,200 manufacturing companies and ranks among the top five US metros for industrial output.
Manufacturing, distribution, and industrial services are the most active M&A sub-sectors in Dallas in 2026.
Set up an Ellty data room before your first industrial advisor meeting. Plant records, equipment schedules, and contracts should be organized before outreach.
For Dallas companies at the industrial-consumer product intersection, see our Dallas consumer M&A guide.
| Advisor | Deal Type | Deal Size | Sector Focus | Website | |
|---|---|---|---|---|---|
| Generational Group | Generational Group | Both | $25M - $1B | Industrial, manufacturing, healthcare, business services | generational.com |
| Lincoln International | Lincoln International | Both | $25M - $500M | Industrial, manufacturing, business services | lincolninternational.com |
| Houlihan Lokey | Houlihan Lokey | Both | $25M - $5B+ | Industrial, manufacturing, distribution, energy equipment | hl.com |
| Harris Williams | Harris Williams | Both | $50M - $1B+ | Industrial, manufacturing, business services | harriswilliams.com |
| Piper Sandler | Piper Sandler | Both | $25M - $2B+ | Industrial, manufacturing, distribution, services | pipersandler.com |
| Raymond James | Raymond James | Both | $25M - $500M | Industrial, manufacturing, distribution | raymondjames.com |
| Capstone Partners | Capstone Partners | Both | $10M - $300M | Industrial, manufacturing, distribution, services | capstonepartners.com |
| Kratos Capital | Kratos Capital | Both | $25M - $300M | Industrial, manufacturing, business services, tech | kratoscap.com |
| HamptonRock Partners | HamptonRock Partners | Both | $10M - $200M | Industrial, environmental services, manufacturing | hamptonrockpartners.com |
| Telos Capital Advisors | Telos Capital Advisors | Both | $10M - $150M | Manufacturing, distribution, industrial services | teloscapital.com |
| MDR & Associates | MDR & Associates | Both | $1M - $100M revenue | Manufacturing, distribution, construction | mdrma.com |
| DBG Advisors | DBG Advisors | Sell-side | $2M - $65M revenue | Industrial, distribution, business services | dbgadvisors.com |
| Trinity Transaction Advisory | Trinity Transaction Advisory | Both | $2M+ revenue | Industrial, business services, healthcare | trinitytransactions.com |
How industrial M&A deals close
Industrial M&A in Dallas is driven by consolidation in manufacturing capacity and distribution services.
Energy equipment and industrial services deals carry earnouts tied to backlog or contracted revenue run rate.
Manufacturing deals are priced on EBITDA adjusted for capex cycle and environmental liability.
Read more about deal mechanics in the Ellty M&A guide before approaching Dallas industrial advisors. Understanding valuation frameworks helps you brief advisors more accurately.
Running an industrial deal in Dallas?
Set up your data room before your first advisor meeting.
Start free 14-day trialHow an industrial M&A deal closes
Industrial M&A deals typically run five to eight months from engagement to close. Deals missing a QoE or plant records at engagement take ten to fourteen months.
| What happens | What you need ready | |
|---|---|---|
| Stage 1: Preparation | QoE, CIM draft, advisor selection | Plant records, equipment schedules, customer contracts |
| Stage 2: Advisor engagement | Engagement letter signed, CIM finalized | QoE signed off, management team briefed |
| Stage 3: Marketing | CIM sent to 50-200 qualified buyers | Ellty data room with CIM and asset overview live |
| Stage 4: LOI | Management presentations, IOIs, LOI negotiation | Management team rehearsed, capex cycle data ready |
| Stage 5: Due diligence | Confirmatory diligence: financial, legal, environmental | Full data room with permits, contracts, equipment lists |
| Stage 6: Close | Purchase agreement, closing conditions, wire | All reps verified, escrow instructions confirmed |
13 industrials advisors in Dallas
These 13 firms actively close industrial deals in Dallas in 2026. Coverage spans manufacturing, industrial services, distribution, and energy equipment.
1. Generational Group
Generational Group is the highest-volume M&A boutique in Dallas with 1,800+ closed transactions. LSEG ranked the firm #1 or #2 globally in industrial M&A from 2022-2024.
Recent Deals: Ace Controls to Blackford Capital (Jan 16, 2025); Stackpole and Partners to Princeton Partners (Feb 19, 2025). Active in industrial and manufacturing M&A through 2025-2026 with national coverage.
LinkedIn: Generational Group on LinkedIn
Sector Focus: Industrial, manufacturing, healthcare, business services
Deal Type: Both
Deal Size: $25M - $1B
Location: Dallas, TX (national coverage)
Website: generational.com
2. Lincoln International
Lincoln International ranked #2 globally for PE sell-side advisory from 2019-2025. The Dallas office covers industrial, manufacturing, and business services with a PE exit focus.
Recent Deals: Generated $214.1M net income in 2025, a 31% increase from 2024. Active in industrial and manufacturing M&A through 2025-2026 with dedicated Dallas coverage.
LinkedIn: Lincoln International on LinkedIn
Sector Focus: Industrial, manufacturing, business services
Deal Type: Both
Deal Size: $25M - $500M
Location: Dallas, TX and global coverage
Website: lincolninternational.com
3. Houlihan Lokey
Houlihan Lokey ranked #1 M&A advisor globally by deal count in H1 2025. Their industrial, manufacturing, and distribution team has dedicated Dallas coverage.
Recent Deals: Ranked #1 M&A advisor globally by deal count for multiple consecutive years. The industrials group posted 18% advisory revenue growth year-over-year in Q3 FY2026.
LinkedIn: Houlihan Lokey on LinkedIn
Sector Focus: Industrial, manufacturing, distribution, energy equipment
Deal Type: Both
Deal Size: $25M - $5B+
Location: Dallas, TX and global coverage
Website: hl.com
4. Harris Williams
Harris Williams runs tight sell-side processes for industrial, manufacturing, and distribution platforms. The industrials team is consistently one of the most active mid-market industrial M&A advisors nationally.
Recent Deals: Active in industrial and manufacturing M&A through 2025-2026. Harris Williams covers PE-backed industrial platforms targeting strategic acquirers and large-cap PE buyers.
LinkedIn: Harris Williams on LinkedIn
Sector Focus: Industrial, manufacturing, business services
Deal Type: Both (primarily sell-side)
Deal Size: $50M - $1B+
Location: Richmond, VA (national coverage including Dallas)
Website: harriswilliams.com
5. Piper Sandler
Piper Sandler's industrials group had a record year in 2025 with advisory revenues up 28% year-over-year. The group covers manufacturing, distribution, industrial services, and government-adjacent businesses.
Recent Deals: Named 2025 Outstanding M&A Investment Bank by the Global M&A Network. The industrials and services group was Piper Sandler's top-performing revenue segment in 2025.
LinkedIn: Piper Sandler on LinkedIn
Sector Focus: Industrial, manufacturing, distribution, services
Deal Type: Both
Deal Size: $25M - $2B+
Location: Dallas, TX and national coverage
Website: pipersandler.com
6. Raymond James
Raymond James covers mid-market industrials, manufacturing, and distribution M&A with a national platform. The industrials team works with owner-operators and PE-backed platforms across the DFW metro.
Recent Deals: Active in industrials, manufacturing, and distribution M&A through 2025-2026. Raymond James covers mid-market industrial transactions with dedicated sector coverage and strong PE fund relationships.
LinkedIn: Raymond James on LinkedIn
Sector Focus: Industrial, manufacturing, distribution
Deal Type: Both
Deal Size: $25M - $500M
Location: Dallas, TX and national coverage
Website: raymondjames.com
Selling a Dallas industrial company?
Share plant records and equipment schedules with buyers through Ellty.
Start free 14-day trial7. Capstone Partners
Capstone Partners is one of the most active middle-market industrial M&A advisors in the South-Central region. The Houston and Dallas offices cover manufacturing, distribution, and industrial services in the DFW market.
Recent Deals: Active in industrials, manufacturing, and distribution M&A through 2025-2026. Capstone Partners is consistently ranked among Axial's top advisors for mid-market industrial deals in the South-Central US.
LinkedIn: Capstone Partners on LinkedIn
Sector Focus: Industrial, manufacturing, distribution, services
Deal Type: Both
Deal Size: $10M - $300M
Location: Dallas, TX and Houston, TX
Website: capstonepartners.com
8. Kratos Capital
Kratos Capital is a Dallas boutique ranked in Axial's Top 100 LMM Investment Banks in both 2024 and 2025. The industrial team covers manufacturing, distribution, and industrial services in the $25M-$150M EV range.
Recent Deals: 300+ closed transactions. Sub-sector specialized teams cover industrial, business services, consumer, and tech in the $25M-$150M EV range under Managing Director Patrick Glaske.
LinkedIn: Kratos Capital on LinkedIn
Sector Focus: Industrial, manufacturing, business services, technology
Deal Type: Both
Deal Size: $25M - $300M
Location: Dallas, TX
Website: kratoscap.com
9. HamptonRock Partners
HamptonRock Partners covers industrial and manufacturing M&A across Dallas, Houston, and Austin. The founding team's 350+ career transactions include industrial services, environmental, and energy deals.
Recent Deals: Active in industrial, environmental services, and manufacturing M&A through 2025-2026. The founding team brings experience from BV Investment Partners, Citigroup, and Stephens Inc.
LinkedIn: HamptonRock Partners on LinkedIn
Sector Focus: Industrial, environmental services, manufacturing, energy services
Deal Type: Both
Deal Size: $10M - $200M
Location: Dallas, TX (Dallas, Houston, and Austin offices)
Website: hamptonrockpartners.com
10. Telos Capital Advisors
Telos Capital Advisors is a Plano boutique ranked in Axial's Top 100 LMM Advisors for multiple consecutive years. The team runs manufacturing, distribution, and industrial services deals in the DFW metro.
Recent Deals: Consistent 2024-2026 deal flow in manufacturing, distribution, and industrial services across DFW. Senior bankers personally lead every engagement at Telos Capital.
LinkedIn: Telos Capital Advisors on LinkedIn
Sector Focus: Manufacturing, distribution, industrial services
Deal Type: Both
Deal Size: $10M - $150M
Location: Plano, TX (DFW metro)
Website: teloscapital.com
11. MDR & Associates
MDR & Associates has closed 225+ transactions across manufacturing, distribution, and construction in Dallas. Multiple metro offices give MDR broad coverage across the full DFW industrial market.
Recent Deals: Consistent 2024-2026 DFW manufacturing and distribution deal flow. MDR covers owner-operator exits across the full DFW metro with direct regional PE and family office relationships.
LinkedIn: MDR & Associates on LinkedIn
Sector Focus: Manufacturing, distribution, construction, business services
Deal Type: Both (primarily sell-side)
Deal Size: $1M - $100M revenue
Location: Dallas, TX (multiple metro offices)
Website: mdrma.com
12. DBG Advisors
DBG Advisors is a Richardson sell-only boutique with an 85% close rate on industrial sell-side mandates. The firm covers industrial, distribution, and business services deals in the $2M-$25M EV range.
Recent Deals: Consistent 2024-2026 DFW industrial and distribution deal flow. The 85% close rate reflects strict engagement screening and senior-banker-led sell-side processes.
LinkedIn: DBG Advisors on LinkedIn
Sector Focus: Industrial, distribution, business services
Deal Type: Sell-side only
Deal Size: $2M - $65M revenue
Location: Richardson, TX (DFW metro)
Website: dbgadvisors.com
13. Trinity Transaction Advisory
Trinity Transaction Advisory has run a consistent LMM advisory practice in Dallas industrial since 2002. Founder Gerald Kong brings 20+ years of DFW industrial and manufacturing deal relationships.
Recent Deals: 20+ years of LMM deal flow in Dallas industrial, business services, and healthcare sub-sectors. Deep regional PE and family office relationships support consistent deal flow in the DFW market.
LinkedIn: Trinity Transaction Advisory on LinkedIn
Sector Focus: Industrial, business services, healthcare services
Deal Type: Both
Deal Size: $2M+ revenue
Location: Dallas, TX
Website: trinitytransactions.com
What PE buyers look for in industrial
PE buyers acquiring Dallas industrial platforms prioritize customer concentration and contract duration first. Customer contracts over 25% of revenue trigger earnouts in most industrial acquisitions.
Equipment age, capex cycle, and maintenance backlog are reviewed before EBITDA in industrial acquisitions. Buyers with platform investments look for overlapping routes, territories, or installed equipment bases.
Environmental compliance history and permit status are deal-stoppers in manufacturing and industrial services. Missing permits or pending violations routinely delay industrial deals by three to six months.
Private equity firms active in Dallas industrials include Lone Star and major manufacturing platform builders.
Manufacturing vs distribution M&A
Manufacturing M&A in Dallas is driven by regional capacity consolidation and automation upgrades. Buyers pay premiums for proprietary processes, strong customer retention, and low equipment age.
Distribution M&A centers on route density, fleet condition, and exclusive supplier contracts. Buyers acquiring distribution platforms look for geographic adjacency to existing routes.
Read our sell-side due diligence guide before preparing advisor materials. Manufacturing and distribution have different diligence priorities for buyers.
Boutique vs bank for industrial deals
Dallas boutiques like Kratos, HamptonRock, and Telos are the right choice for $10M-$150M industrial deals. Senior bankers run every engagement and know the DFW industrial buyer pool directly.
National banks like Houlihan Lokey, Harris Williams, and Piper Sandler handle deals above $150M. They bring broader PE fund coverage and cross-border buyer access for large industrial transactions.
Read our M&A process guide to understand where advisor selection fits in the deal timeline. Getting advisor-deal size alignment right prevents wasted time in a live process.
See the Dallas M&A advisor overview before shortlisting industrial advisors. It covers how the Dallas M&A market is structured by sector and deal size.
How Ellty helps you run a Dallas industrial M&A deal
You have your Dallas industrial advisor shortlist ready. Here is how to prepare your data room before buyers start reviewing your business.
- 1.Upload plant records, equipment schedules, and customer contractsAdd three years of financials, equipment lists, and key customer contracts before buyer outreach. Organize files by business unit and equipment category before uploading to the data room.
- 2.Control access by buyer type and due diligence stageShare revenue summary and customer list before NDA is signed. Open plant records, environmental permits, and equipment schedules after NDA.
- 3.See which buyers engage with your asset dataSee which buyers open your equipment schedule and how long they spend on customer concentration data. Buyers who review plant records and environmental files are seriously evaluating your business.
Common questions about Dallas industrials M&A advisors
- Generational Group is the highest-volume Dallas advisor with LSEG #1 or #2 global rankings from 2022-2024. For sub-$150M industrial deals, Kratos Capital, HamptonRock Partners, and Capstone Partners are the most active.
- Dallas boutiques typically charge 2-3% blended on sub-$300M industrial deals with a $25K-$100K retainer credited at close. National banks charge higher minimums suited for deals above $150M.
- Manufacturing companies are priced on EBITDA multiples adjusted for capex cycle, customer concentration, and equipment age. Environmental liability and permit status are factored in before a final offer.
- Before you engage an advisor - not after. Organize plant records, equipment lists, environmental permits, and three years of financials before the first advisor pitch meeting.
- For sub-$150M industrial deals in Dallas, a boutique is almost always the right choice. National banks are better suited for deals above $150M with cross-border strategic buyer pools.
