John Norton
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National Sector Report · H1 2026

U.S. Business Services M&A — the highest-volume market of H1 2026

78 lower-middle-market business services transactions closed in the first half of 2026, led by Texas and California. Marketing and advertising, wealth management and RIA consolidation, insurance brokerage, staffing, safety consulting and facilities services drove the volume, with strategic consolidators and PE-backed aggregators buying side by side.

78
Deals captured
83%
Strategic buyers
13
Financial / PE
31
States active

Market read

People-driven services firms keep trading

Business services was the highest-volume LMM category nationally in H1 2026. Values are overwhelmingly undisclosed — the norm for people-driven services firms — so volume and buyer behavior tell the story. Wealth management and RIA consolidation stood out, alongside marketing, insurance brokerage and safety consulting roll-ups.

Most active acquirers in the period: Horvath & Tremblay (2), SMART Safety Gulf Coast (2), VeloSource (2) and Aeterna Group (2). The buyer set blends strategic consolidators with sponsor-backed aggregators including New Mountain and Martis Capital.

Top states by deal count

  • Texas
    12
  • California
    10
  • Pennsylvania
    6
  • Georgia
    6
  • Florida
    5
  • New York
    4
  • Massachusetts
    4

Transaction detail

H1 2026 business services transactions (78)

AnnouncedTargetLocationAcquirerBuyer typeValue
Jun 2026Waddell & AssociatesMemphis, TNCoastal Bridge AdvisorsFinancial / PEUndisclosed
Jun 2026Scope Commercial Real Estate ServicesPhiladelphia, PAHorvath & TremblayStrategicUndisclosed
Jun 2026Arrow Pest ControlMorganville, NJPestCo HoldingsStrategicUndisclosed
Jun 2026Deerfield GroupConshohocken, PAMartis CapitalFinancial / PEUndisclosed
Jun 2026Rotorcraft Leasing CompanyBroussard, LAVoyager InterestsFinancial / PEUndisclosed
Jun 2026Home Security & Management CompanyStowe, VTScutum North AmericaStrategicUndisclosed
Jun 2026Diamond RoofingSyracuse, NYGreenwood IndustriesStrategicUndisclosed
Jun 2026Creative Engineers, Inc. (CEI)New Freedom, PAOkloStrategicUndisclosed
Jun 2026Sherwood PartnersMountain View, CAEisnerAmperStrategicUndisclosed
Jun 2026AMC SafetyHendersonville, TNSMART Safety Gulf CoastStrategicUndisclosed
Jun 2026DataFeedWatchFoster City, CARevmaticsStrategicUndisclosed
Jun 2026Ad Results MediaHouston, TXMiroma GroupStrategicUndisclosed
Jun 2026Safe Construction ConsultingFlorence, TXSMART Safety Gulf CoastStrategicUndisclosed
Jun 2026Infinity Power PartnersHouston, TXEnviron EnergyStrategicUndisclosed
Jun 2026Sureview SystemsTampa, FLVolaris GroupStrategicUndisclosed
Jun 2026Peabody & Arnold LLPBoston, MAHarris Beach MurthaStrategicUndisclosed
Jun 2026SCOPEPhiladelphia, PAHorvath & TremblayStrategicUndisclosed
Jun 2026VigilAigentLas Vegas, NVIntrusionStrategicUndisclosed
Jun 2026Davis-Martin-Powell & AssociatesHigh Point, NCMcKim & Creed, Inc.StrategicUndisclosed
Jun 2026Turbeville Insurance AgencyColumbia, SCHigginbothamStrategicUndisclosed
Jun 2026LandGraphics Landscape and Arborcare ManagementSan Diego, CAOsprey Landscape GroupStrategicUndisclosed
Jun 2026Del SolWest Richland, WASolbridge CapitalFinancial / PEUndisclosed
Jun 2026Trade-IQHomer, MICaspianFinancial / PEUndisclosed
Jun 2026Superior Building ServicesColumbus, OHExigentStrategicUndisclosed
Jun 2026ABC Medicare HelpOklahoma City, OKIntegrity Marketing GroupStrategicUndisclosed
Jun 2026Crowl, Cameron & AssociatesConroe, TXCarr, Riggs & IngramStrategicUndisclosed
Jun 2026RRC CompaniesRound Rock, TXNew Mountain CapitalFinancial / PEUndisclosed
Jun 2026Carr EngineeringHouston, TXYOUNG & AssociatesStrategicUndisclosed
Jun 2026Head Investment PartnersKnoxville, TNGCG Advisory PartnersStrategicUndisclosed
Jun 2026VibeNew York, NYWalmartStrategicUndisclosed
Jun 2026Zuccaro Technical ConsultingArlington, VAROCStrategic$3M
Jun 2026Aledo ConsultingIndianapolis, INPHAZE 4 MedicalStrategicUndisclosed
Jun 2026Bt ValuationFrisco, TXM&G FinancialStrategicUndisclosed
Jun 2026Modo Modo AgencyAtlanta, GAYes& AgencyStrategicUndisclosed
Jun 2026OmniFairmont, WVAeterna GroupFinancial / PEUndisclosed
Jun 2026Ashford Investment AdvisorsDaytona Beach, FLMaridea Wealth ManagementStrategicUndisclosed
Jun 2026KMK Consulting Inc.Morristown, NJTredenceStrategicUndisclosed
Jun 2026CSArchAlbany, NYAeterna GroupFinancial / PEUndisclosed
Jun 2026Virtuosi LeagueSan Francisco, CAHyve GroupStrategicUndisclosed
Jun 2026NextGen Invent CorporationNew York, NYStraiveStrategicUndisclosed
Jun 2026DragosHanover, MDAccentureStrategicUndisclosed
Jun 2026YU & AssociatesElmwood Park, NJVerdantasStrategicUndisclosed
Jun 2026Vox MediaWashington, DCPenske Media CorporationStrategicUndisclosed
Jun 2026X4 AdvisorsAtlanta, GAInnovative NetworxStrategicUndisclosed
Jun 2026L&L ConsultingChicago, ILTechWise GroupStrategicUndisclosed
Jun 20261SEO Digital AgencyBristol, PAScorpionStrategicUndisclosed
Jun 2026Freedom FordGunnison, UTClearShiftStrategicUndisclosed
Jun 2026Dallas Capital BankDallas, TXMidFirst BankStrategicUndisclosed
Jun 2026Smith Communication PartnersAtlanta, GAALLVIAStrategicUndisclosed
Jun 2026AnetacLos Altos, CAQuest SoftwareStrategicUndisclosed
Jun 2026CommitDallas, TXEmbarkStrategicUndisclosed
Jun 2026AltairMinneapolis, MNCentri Business ConsultingStrategicUndisclosed
Jun 2026Sperling InteractiveSalem, MAArketi GroupStrategicUndisclosed
Jun 2026Cumming GroupSeattle, WALeonard Green & PartnersFinancial / PEUndisclosed
Jun 2026Isola GroupChandler, AZPrincipal MineralStrategicUndisclosed
Jun 2026VicaLos Angeles, CAAddiStrategicUndisclosed
Jun 2026Quest Locum TenensAtlanta, GAVeloSourceStrategicUndisclosed
Jun 2026SyncxAtlanta, GAVeloSourceStrategicUndisclosed
Jun 2026Markham Norton Mosteller Wright & CompanyFort Myers, FLCreative PlanningFinancial / PEUndisclosed
Jun 2026Cascadia Global SecurityRenton, WADeus x DefenseStrategicUndisclosed
Jun 2026NextaffOverland Park, KSTalveraStrategicUndisclosed
Jun 2026Entro SecurityCambridge, MASailPointStrategicUndisclosed
Jun 2026TPI StaffingKeene, NHHW StaffingStrategicUndisclosed
Jun 2026Communication ConceptsFort Worth, TXPassCoStrategicUndisclosed
Jun 2026International Paving ServicesSan Bernardino, CASage Surface PartnersStrategicUndisclosed
Jun 2026CareSeedKansas City, MOSagilityStrategic$18M
Jun 2026EntegeeBurlington, MARed Dog EquityFinancial / PEUndisclosed
Jun 2026Coastal Fire and Integration SystemsPoway, CAAMPAM Parks MechanicalStrategicUndisclosed
Jun 2026D3 Insurance GroupAmarillo, TXEqual PartsStrategicUndisclosed
Jun 2026DefinitiLake Forest, CAEthos Risk ServicesStrategicUndisclosed
Jun 2026RAS3 Communications and ConsultingMiami, FLAmplixStrategicUndisclosed
Jun 2026ArchrivalLincoln, NEHavasStrategicUndisclosed
Jun 2026Fremont Roofing CompanyFremont, NERidgeline Roofing & RestorationStrategicUndisclosed
Jun 2026Shechter & EverettCoral Gables, FLJ.S. HeldStrategicUndisclosed
Jun 2026Alexander Technical InstituteCosta Mesa, CANagase America Corp.StrategicUndisclosed
Jun 2026KS2 TechnologiesGrapevine, TXInoappsStrategicUndisclosed
Jun 2026Stephano Slack LLCWayne, PAMadison Dearborn PartnersFinancial / PEUndisclosed
Jun 2026Atlanta Deferred ExchangeAtlanta, GACentre Street PartnersFinancial / PEUndisclosed

Source: Rogo deal screening — target HQ in the United States, H1 2026 (January–June 2026), transactions ≤ $100M enterprise value (undisclosed retained). Reflects deals captured by the screen, a representative sample of a larger national market, curated to on-theme targets. Buyer type reflects the acquirer entity; many strategic acquirers are PE-backed platforms executing add-ons.

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