
8 Best Business Brokers in Des Moines: Fees and Deal Sizes 2026
Compare 8 verified business brokers in Des Moines by deal size, fee model and sector focus, plus what Iowa buyers pay and how to run a quiet sale in 2026.
The advisors who sell Los Angeles companies range from one-person storefront brokerages to the largest M&A bank in the world, and picking the wrong tier costs you either fees or bidders. This guide profiles 11 verified business brokers in Los Angeles with deal bands, fee models and sector focus.
The county is four deal markets stacked on each other. Below $2M sits a Main Street economy of restaurants, auto shops and liquor licences. Above it, a lower middle market of specialty manufacturers in Vernon and the San Fernando Valley, port logistics operators, aerospace suppliers in El Segundo and Torrance, and Westside healthcare practices. Above that, apparel, beauty and media companies attract national buyers. At the top, Century City is home to Houlihan Lokey, which reported ranking first globally for M&A transactions in 2025.
That layering matters when you pick an advisor. A brokerage that sells $800,000 restaurants in Koreatown has no useful buyer list for a $30M aerospace machining business, and a bank that runs $200M consumer brand processes will not answer the phone for a two-truck plumbing company.
Southern California also draws SBA-backed individual buyers, out-of-state private equity add-on programmes and international strategics at once. A well-run process here can produce five or six competing parties. An unsolicited approach usually produces one, at the price the buyer chose.
The 11 firms below are the Los Angeles shortlist. The full M&A advisors database adds every other adviser we have researched, so you can widen to a neighbouring metro or narrow to your own industry.
Good LA advisors turn down more sellers than they sign. A firm runs maybe eight to twelve processes a year with senior attention, so every engagement it accepts has to be one it believes will close. Your job in the first meeting is to look like a closing deal.
Earnings quality decides that faster than anything else. LA owners run heavy add-back schedules and LA buyers know it, so personal vehicles, family on payroll and a lease paid to your own property entity all get challenged. If you cannot put an invoice behind an add-back, assume a buyer strips it. On a business earning $1.5M, a $200,000 haircut in add-backs costs roughly $800,000 of value at a 4x multiple.
Concentration is the second filter. One customer at 35% of revenue, a lease with three years left, or a licence that does not transfer will each shrink your buyer list. Say so upfront: a problem disclosed at the start is a negotiation, one discovered in week ten is a repricing.
Third, be ready to produce documents fast. LA processes run wide and quick, and momentum is the thing you are actually selling. Staging everything in a permissioned workspace before the teaser goes out is the fix, and our review of the best virtual data rooms covers what each tier costs.
Bring these to your first broker meeting:
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Papermark is our #1 VDR provider for M&A transactions right now. In two deals we used custom branding, dynamic watermarking, and granular permissions.
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California has a state-level trade body that most credible LA intermediaries belong to. The California Association of Business Brokers awards the Certified Business Broker designation, and many of the same people carry the IBBA's Certified Business Intermediary credential or the M&A Source M&AMI designation. Between CABB, IBBA and M&A Source you can verify most of the local field in an afternoon.
After that, filter on fit rather than marketing. The firms below span a 200x range in deal size, and the difference between them is not quality, it is which buyers they can reach.
Approach brokers the way a buyer will approach you: with information, in stages, and without giving away more than the stage requires. You are interviewing them at least as much as they are screening you.
Confidentiality deserves real care here. LA trade networks are tight in apparel, food service, freight and construction, and a rumour reaches your competitors and your best crew leads within days. Several brokers will not put a listing on a public marketplace at all for that reason.
| # | Firm | Typical deal size | Focus sectors |
|---|---|---|---|
| 1 | BizEx | $1M to $50M | Services, manufacturing, restaurants, e-commerce |
| 2 | M&A Business Advisors | $2M to $50M revenue | Manufacturing, distribution, healthcare, technology |
| 3 | First Choice Business Brokers Los Angeles | Main Street to middle market | All industries, owner operated |
| 4 | Sunbelt Business Brokers of Los Angeles | Main Street to lower mid | Services, retail, trades, distribution |
| 5 | Greif & Co | Mid-sized private companies | Consumer, food, aerospace, healthcare, media |
| 6 | Intrepid Investment Bankers | Middle market | Consumer, industrials, healthcare, technology |
| 7 | Salem Partners | Middle market | Media, entertainment, healthcare, real estate |
| 8 | DelMorgan & Co | Middle market to large cap | Diversified, cross-border, restructuring |
| 9 | CriticalPoint Partners | Middle market | Aerospace, industrials, healthcare, logistics |
| 10 | The Sage Group | Consumer brand M&A | Apparel, beauty, wellness, e-commerce, food |
| 11 | Houlihan Lokey | Middle market to large cap | All sectors, restructuring, fairness opinions |
BizEx describes itself as one of the largest business broker and M&A advisory firms in Los Angeles, and its stated band covers most of what an LA owner needs to sell.
M&A Business Advisors works the lower middle market across California and Nevada, with an unusual footprint of offices around the LA basin, so a seller in Valencia and a seller in Torrance both get a local meeting.
The West LA office of First Choice runs full-service brokerage from valuation through escrow, landlord consent and financing, which is the part of a small deal that most often derails.
The LA Sunbelt office sits inside what the network describes as the largest business broker organisation in the world, which matters mainly because of buyer reach on smaller listings.
Greif is the downtown option for a founder-led company that has outgrown brokerage. It has run some of the largest private company sales in Southern California while keeping its focus on entrepreneurial businesses.
Intrepid is a Los Angeles headquartered middle market bank with national coverage and the balance sheet of a global parent behind it, which widens the buyer and lender list on a mid-sized process.
Salem is the West LA boutique to talk to if your company sits in media, entertainment or healthcare, three sectors where the buyer universe is relationship-driven rather than list-driven.
DelMorgan runs a Santa Monica practice covering M&A, capital raising and restructuring, with a cross-border profile unusual for its size.
CriticalPoint combines sell-side advisory with private credit and equity investing, so it sees both sides of the middle market table. Useful when a recapitalisation is an option alongside a full exit.
Sage is the specialist for Los Angeles consumer brands. If you own an apparel, beauty or DTC business, the strategic and sponsor buyers for it are a defined group, and this firm talks to them weekly.
Houlihan Lokey is headquartered in Century City and is the largest M&A advisor most LA sellers will never hire, because its processes start above the local middle market. It sets the benchmark for what a full process looks like.
| Buyer type | Usually targets | What they focus on |
|---|---|---|
| Individual SBA buyer | Under $5M purchase price | Owner transition, lender qualification |
| Search fund or sponsor | $1M to $3M EBITDA | Recurring revenue, management depth |
| Private equity add-on | $1M to $5M EBITDA | Fit with an existing platform |
| Private equity platform | $3M+ EBITDA | Growth runway, reporting quality |
| Consumer brand strategic | $10M+ revenue brands | Distribution, margin, customer data |
| International acquirer | Any size in sector | US market access, licences, contracts |
LA processes run wide. If your advisor contacts forty private equity groups plus a dozen strategics, fifty parties may sign NDAs and expect documents. Emailing a confidential information memorandum widely leaves you with no way to withdraw it and no record of where it went.
A meaningful share of those fifty compete with you directly. In apparel and beauty the strategic buyer most likely to pay a premium is the brand next to you on the same retailer's floor, and your wholesale terms, your customer acquisition cost and your factory pricing are the three things it would most like to see. In aerospace machining the buyer list is other El Segundo and Torrance suppliers who quote against you on the same programmes. In port logistics it is the operator with the neighbouring yard, and in media and entertainment it is the production or licensing company on the other side of the last negotiation, reading the royalty splits and talent terms inside your contracts.
What a leak costs in Los Angeles is people and shelf space. Trade networks in apparel, food service, freight and construction are tight, and a rumour reaches your competitors and your best crew leads in days, which is why several brokers here will not put a listing on a public marketplace at all. Designers, buyers and operators leave first, a retail account manager who hears the brand is for sale defers the next order rather than committing to a season, and the showroom, agency or distributor relationships that generate your introductions start hedging. A leased building in Vernon or a licensor whose brand you produce under both carry consent rights that get harder to negotiate once the counterparty has heard about the sale from someone else. Email attachments cannot be recalled, cannot be watermarked, and tell you nothing about who actually opened them.

Folder-level permissions let an advisor open the general file to fifty buyers and contracts to two.
A data room for Los Angeles M&A is the permissioned workspace where your advisor stages the diligence file and runs fifty buyers through it at once, without any of them seeing what the others see. It is what an LA banker means when they ask whether your documents are ready.
Papermark is a secure, fully customizable, and developer-friendly data room built for exactly this: a secure data room for your Los Angeles sale process that keeps the sensitive parts of the file locked while the process runs. NDA agreements sit on the link itself, so a buyer signs before the CIM renders. Dynamic watermarking burns each viewer's email and the timestamp onto every page, the most effective deterrent against a competitor forwarding your financials around the apparel or freight trade. Granular file-level permissions release the general folder to everyone while customer contracts stay locked to the two parties still standing after bids.
Page-by-page analytics also tell your advisor where to push. When one sponsor spends twenty minutes on the customer concentration pages and another has not opened the file since day two, the follow-up list writes itself. The audit log gives you a permanent record of every view, download and permission change.
The Data Rooms plan is €149/month, or €99/month billed annually, with a 7-day free trial, and includes 3 team members, unlimited data rooms, unlimited documents, a custom domain, dynamic watermarking, NDA agreements, and granular file-level permissions. Open a secure data room before the teaser goes out and reuse it through diligence.
Most virtual data rooms were built for bankers and priced for them. Papermark is a secure data room for modern dealmakers, and it is more customizable and more branded than any other VDR on the market.
If your company sits outside these firms' bands, or you would rather test the market before signing an exclusive, the alternative is approaching buyers directly with an attorney and a CPA supporting you.
If none of the eleven above fits, the M&A advisors database lists every firm we have researched by city and by industry, with deal sizes and sectors side by side. Filter to Los Angeles to compare these against each other, or widen to a nearby metro if the local bench is thin.