Software and technology M&A advisors in Dallas for 2026

Software M&A dominated deal activity in 2025 with a 65% market share of total technology M&A transactions. This guide covers 15 active technology M&A advisors in Dallas in 2026, deal sizes, sector focus, and verified recent transactions across software, SaaS, cybersecurity, IT services, managed services, and health IT.

Dallas technology M&A in 2026

Dallas-Fort Worth is one of the most active technology M&A markets in the US outside New York and Los Angeles. Texas's favorable tax environment, growing tech workforce, and concentration of Fortune 500 technology buyers create a natural market for software and IT services M&A. Vertical SaaS, managed security services, and AI-enabled IT services are the most active sub-sectors for Dallas technology deals in 2026.

The median public SaaS company traded at 3.4x EV/Revenue in early 2026, down from an 18x peak in 2021. Private SaaS M&A multiples followed at 3.1x. High-growth SaaS businesses with low churn still command above-market valuations from PE buyers executing buy-and-build plays in niche verticals.

Before your first advisor conversation, organize your technology IP documentation, customer contracts, and ARR schedules in an Ellty data room. Software buyers review product architecture, customer concentration, and churn data before they submit a term sheet.

Use Ellty's document analytics to track which strategic acquirers and PE buyers open your CIM and product demos. Buyer engagement signals help your Dallas technology advisor prioritize follow-up before your process goes stale.

How to choose a Dallas technology M&A advisor

Ask for a closed deal list showing named buyers, revenue multiples, deal structures, and technology sub-sectors from the last 24 months. An active Dallas technology advisor closes 5+ technology transactions per year and can name the PE platforms and strategic acquirers who are buying in your specific niche.

Confirm that the advisor knows your specific sub-sector buyer landscape. A cybersecurity M&A advisor knows different buyers than a vertical SaaS advisor. The buyer pool for IT managed services differs from the pool for AI-enabled software. Sub-sector specialization matters more in technology than in most other industries.

Check whether the advisor tracks technology M&A multiples by sub-sector. Advisors who publish quarterly market reports or valuation analyses demonstrate active buyer market knowledge, not just deal-closing history.

Use Ellty's secure file sharing to send your technology company teaser and CIM with trackable access. Dallas technology buyers - especially PE buyers reviewing multiple software assets simultaneously - evaluate your teaser speed and data room completeness as early quality signals.

What a Dallas technology M&A deal looks like: 6 stages

Dallas software and IT services transactions typically run four to seven months for deals up to $100M. Enterprise software and cybersecurity deals with more complex product diligence can run six to nine months. PE-backed platform adds for vertical SaaS move faster - sometimes 60 to 90 days from initial contact to signed LOI.

15 Dallas technology M&A advisors in 2026

These firms are active in software, SaaS, cybersecurity, IT services, managed services, health IT, and tech-enabled business services M&A in Dallas and across the Texas market in 2026.

1. Solganick

Solganick is a Dallas and Los Angeles-based investment bank that exclusively advises software and technology services companies. Founded in 2009, Solganick has completed 200+ M&A transactions across software, SaaS, cybersecurity services, managed service providers, AI and data analytics consulting, cloud consulting, and digital transformation firms. Their quarterly technology M&A market reports - covering software, cybersecurity, IT services, and EdTech - are among the most cited sector updates in the industry.

Recent Deals: Advised Pandera Systems in its strategic combination with 66degrees, backed by PE firm Sunstone Partners, creating a transformative Google Cloud services and data analytics firm with ~500 employees. Active in software and IT services M&A through 2025-2026.

LinkedIn: Solganick on LinkedIn

Sector Focus: Software, SaaS, cybersecurity, managed services, AI/data analytics, cloud consulting, digital transformation

Deal Type: Both

Deal Size: $5M-$200M

Location: Dallas, TX and Los Angeles, CA (dual headquarters, national coverage)

Website: solganick.com

2. Generational Group

Generational Group is headquartered in Dallas and is one of the most active lower-middle-market M&A advisory firms in the world, ranked number 1 or number 2 in LSEG global M&A league tables in 2022, 2023, and 2024 for transactions under $1 billion. Generational Group's technology practice covers software, managed IT, and tech-enabled services alongside other sectors. Their proprietary buyer database and global reach are strong assets for Dallas technology founders who want maximum buyer competition.

Recent Deals: Ranked #1 and #2 globally in LSEG M&A league tables (2022-2024) for sub-$1B deals. Active in technology, business services, and healthcare M&A through 2025-2026 with a Dallas-headquartered team.

LinkedIn: Generational Group on LinkedIn

Sector Focus: Technology, business services, healthcare, manufacturing, distribution

Deal Type: Both

Deal Size: $5M-$300M

Location: Dallas, TX (headquarters, global network)

Website: generational.com

3. Kratos Capital

Kratos Capital is a Dallas-based boutique investment bank active in technology, business services, healthcare, and industrials M&A. Their Axial Top 100 Lower-Middle-Market recognition in both 2024 and 2025 reflects deal quality consistent with active PE buyer relationships. Kratos handles both PE-backed software exits and founder-to-strategic technology acquisitions in the $25M-$300M range.

Recent Deals: Named Axial Top 100 Lower-Middle-Market Investment Bank in 2024 and 2025. Active in technology and business services M&A through 2025-2026 with Dallas-based managing directors.

LinkedIn: Kratos Capital on LinkedIn

Sector Focus: Technology, business services, healthcare services, industrials, consumer

Deal Type: Both

Deal Size: $25M-$300M

Location: Dallas, TX (headquarters)

Website: kratoscapital.com

4. Lincoln International (Technology)

Lincoln International's technology practice covers software, IT services, cybersecurity, data analytics, and tech-enabled services. The firm completed 45+ technology transactions in the 18 months through 2025 with 30+ dedicated technology officers worldwide, including from their Dallas office. Lincoln published the 2024 Technology Services Year-End Report and a Cyber Roadmap for 2025, demonstrating active sector research coverage.

Recent Deals: Completed 45+ technology transactions in the 18 months through 2025. Published 2024 Technology Services Year-End Report and Cyber Roadmap 2025. Active in software, IT services, and cybersecurity M&A through 2025-2026.

LinkedIn: Lincoln International on LinkedIn

Sector Focus: Software, IT services, cybersecurity, data analytics, tech-enabled services

Deal Type: Both

Deal Size: $50M-$1B+

Location: Dallas, TX (office, global network)

Website: lincolninternational.com

5. Harris Williams (Technology)

Harris Williams covers software, tech-enabled services, government IT, and data and analytics with a dedicated team. Their relationships with PE technology platforms and strategic acquirers create strong buyer competition for Dallas technology founders. Harris Williams publishes quarterly technology sector reports and is consistently active in PE-backed software exits.

Recent Deals: Active in software, tech-enabled services, and data analytics M&A through 2025-2026 with quarterly sector market reports covering technology sub-sectors.

LinkedIn: Harris Williams on LinkedIn

Sector Focus: Software, tech-enabled services, government IT, data and analytics

Deal Type: Both

Deal Size: $50M-$2B+

Location: National coverage with Dallas market access

Website: harriswilliams.com

6. William Blair (Technology)

William Blair completed 17 technology advisory deals in 2025 and covers software, health IT, fintech, internet, and media technology. Their research-backed approach creates sector visibility with institutional buyers who follow William Blair's technology research. Dallas technology founders benefit from their access to cross-sector buyers - strategic acquirers who are buying technology because it complements an existing business in another sector.

Recent Deals: Completed 17 technology M&A advisory deals in 2025. Active in software, health IT, and fintech M&A through 2025-2026.

LinkedIn: William Blair on LinkedIn

Sector Focus: Software, health IT, fintech, internet, media technology

Deal Type: Both

Deal Size: $50M-$2B+

Location: National coverage with Dallas market access

Website: williamblair.com

7. Houlihan Lokey (Technology)

Houlihan Lokey is the number 1 global M&A advisor by deal count for transactions under $1 billion. Their technology practice covers software, data, fintech, digital media, and government technology. The Houlihan Lokey Dallas office gives founders direct access to their global technology buyer network, which includes every major PE platform and strategic acquirer buying software and SaaS businesses in 2026.

Recent Deals: Ranked #1 globally by deal count for sub-$1B M&A (multiple years). Active in software, data, fintech, and government technology M&A through 2025-2026.

LinkedIn: Houlihan Lokey on LinkedIn

Sector Focus: Software, data, fintech, digital media, government technology

Deal Type: Both

Deal Size: $50M-$5B+

Location: Dallas, TX (office, global network)

Website: hl.com

8. Piper Sandler (Technology)

Piper Sandler covers software, internet, fintech, digital media, and cybersecurity with a research-driven approach. They were named 2025 Outstanding M&A Investment Bank of the Year by the Global M&A Network. Their technology research coverage creates institutional buyer visibility that helps Dallas software founders reach strategic acquirers who wouldn't otherwise be on a standard buyer list.

Recent Deals: Named 2025 Outstanding M&A Investment Bank of the Year by Global M&A Network. Active in software, internet, and cybersecurity M&A through 2025-2026.

LinkedIn: Piper Sandler on LinkedIn

Sector Focus: Software, internet, fintech, digital media, cybersecurity

Deal Type: Both

Deal Size: $50M-$2B+

Location: National coverage with Dallas market access

Website: pipersandler.com

9. Raymond James (Technology)

Raymond James covers technology services, software, government IT, and cybersecurity with a Dallas office presence. Their technology advisory team handles both PE exits and strategic acquisitions in the mid-market range. Raymond James is particularly strong for Texas technology companies with government IT or defense technology components, given their active government contracting sector expertise.

Recent Deals: Active in technology services and software M&A through 2025-2026 with Dallas office coverage and national buyer relationships.

LinkedIn: Raymond James on LinkedIn

Sector Focus: Technology services, software, government IT, cybersecurity

Deal Type: Both

Deal Size: $25M-$1B+

Location: Dallas, TX (office, national network)

Website: raymondjames.com

10. GLC Advisors (Technology)

GLC Advisors publishes quarterly Software Capital Markets Reports tracking SaaS M&A multiples, buyer appetite, and deal volume by sub-sector. Their technology team focuses on founder-led software businesses and is primarily sell-side. GLC's data-driven reports give Dallas software founders a real-time read on valuation expectations before they engage an advisor - an unusual transparency for a mid-market technology bank.

Recent Deals: Published Software Capital Markets Reports for Q1, Q2, and Q3 2025 tracking SaaS M&A multiples and deal trends. Active in software and SaaS M&A through 2025-2026.

LinkedIn: GLC Advisors on LinkedIn

Sector Focus: Software, SaaS, IT services, tech-enabled business services

Deal Type: Both

Deal Size: $10M-$500M

Location: National coverage with Texas market access

Website: glca.com

11. Aventis Advisors

Aventis Advisors focuses exclusively on technology M&A across software, SaaS, and IT services. Their 2025 IT Services M&A Wrapped report and active sector research demonstrate deep current-market knowledge. Aventis has closed 20+ transactions for technology founders globally and is known for attracting competitive international buyers - useful for Dallas technology companies with product IP that would appeal to European or Asian strategic acquirers.

Recent Deals: Published the 2025 IT Services M&A Wrapped market review. Completed 20+ M&A deals for technology founders. Advised CKSource (open-source software) on its global sale process, securing PSG via Tiugo Technologies with multiple international LOIs.

LinkedIn: Aventis Advisors on LinkedIn

Sector Focus: Software, SaaS, IT services

Deal Type: Sell-side

Deal Size: $5M-$100M

Location: Global coverage with US technology deal flow

Website: aventis-advisors.com

12. Pinecrest Capital Partners

Pinecrest Capital Partners is a Dallas-based boutique covering technology, managed IT, business services, healthcare, and consumer M&A. Their willingness to co-invest alongside clients creates an alignment structure that differs from most Dallas boutiques. Pinecrest's $4B+ in closed transaction value across 80+ deals demonstrates active buyer relationships across both PE and strategic acquirers in the technology space.

Recent Deals: $4B+ in closed transaction value across 80+ deals. Active in technology, managed IT, and business services M&A through 2025-2026 with Dallas-based managing directors.

LinkedIn: Pinecrest Capital Partners on LinkedIn

Sector Focus: Technology, managed IT, business services, healthcare, consumer

Deal Type: Both

Deal Size: $10M-$150M

Location: Dallas, TX (headquarters)

Website: pinecrestcap.com

13. HamptonRock Partners

HamptonRock Partners is a Dallas boutique with 350+ closed transactions and $30B+ in total deal value across technology, business services, healthcare, and industrials. Their technology practice covers both founder exits and PE-backed platform add-ons for Dallas technology businesses. HamptonRock's transaction volume demonstrates sustained buyer network activity across multiple market cycles.

Recent Deals: 350+ closed transactions with $30B+ in total deal value. Active in technology and business services M&A through 2025-2026.

LinkedIn: HamptonRock Partners on LinkedIn

Sector Focus: Technology, business services, healthcare, industrials

Deal Type: Both

Deal Size: $5M-$300M

Location: Dallas, TX (headquarters)

Website: hamptonrockpartners.com

14. Telos Capital Advisors

Telos Capital Advisors is a Plano-based boutique serving founder-owned businesses with EBITDA of $2M+, including technology and business services alongside manufacturing and distribution. Their managing directors bring 25+ years of operating experience. Telos's Axial Top 100 Lower Middle Market recognition in both 2024 and 2025 reflects deal quality and buyer confidence relevant for Dallas technology founders in the sub-$100M range.

Recent Deals: Recognized as Axial Top 100 Lower Middle Market Advisor in 2024 and 2025. Active in technology and business services M&A in DFW through 2025-2026.

LinkedIn: Telos Capital Advisors on LinkedIn

Sector Focus: Technology, business services, manufacturing, healthcare

Deal Type: Both

Deal Size: $5M-$100M

Location: Plano, TX (Dallas suburb, DFW coverage)

Website: teloscap.com

15. FOCUS Investment Banking (Technology)

FOCUS Investment Banking has a dedicated government IT and technology services practice alongside their broader M&A platform. Their track record in government-facing technology companies is relevant for Dallas technology businesses with federal contracting revenue. FOCUS publishes IT services M&A market reports and tracks buyer multiples by sub-sector.

Recent Deals: Active in government IT, technology services, and managed services M&A through 2025-2026. Published IT services M&A market updates tracking sub-sector multiples.

LinkedIn: FOCUS Investment Banking on LinkedIn

Sector Focus: Technology services, government IT, software, managed services, cybersecurity

Deal Type: Both

Deal Size: $5M-$250M

Location: National coverage with Dallas market access

Website: focusbankers.com

What Dallas technology buyers check first

PE buyers acquiring Dallas software companies first check ARR quality, churn rate, and customer concentration. If your top three customers represent 50%+ of ARR, buyer concern about concentration will appear in every LOI negotiation. Your advisor should help you frame concentration as a growth opportunity, not a risk.

Strategic acquirers assess product architecture, IP ownership, and team retention before submitting an offer. Developer employee IP agreements, clean IP assignment records, and no third-party IP disputes are baseline requirements. Missing IP documentation consistently delays technology transactions in due diligence.

Use Ellty's granular permissions to control who accesses your source code documentation, IP assignment agreements, and customer contracts during due diligence. Stage access so buyers receive product summaries before signing NDA, and full IP and customer documentation only after they advance past initial LOI.

Dallas technology M&A: sub-sector differences

Vertical SaaS deals move fastest. PE buyers building niche vertical SaaS platforms can move from first call to signed LOI in 60-90 days when they see a clean ARR schedule, low churn, and founder willingness to roll equity. Dallas vertical SaaS founders with $2M+ ARR should have their data room ready before their first PE conversation.

Cybersecurity M&A runs on a longer timeline. Strategic acquirers and MSSPs check product security, SOC 2 compliance, and customer contract terms for auto-renewal and assignment clauses. Budget eight to ten months for a full cybersecurity process with multiple strategic buyers. Learn more about mergers and acquisitions deal structures to understand how PE and strategic buyers approach Dallas technology acquisitions.

IT managed services and MSP deals are active in Dallas in 2026. PE platforms building MSP roll-ups are paying 6-9x EBITDA for profitable MSPs with recurring contract revenue, sub-20% churn, and a Dallas-metro customer base. Your advisor should know which PE MSP platforms are actively acquiring in Texas.