Insights

Perspectives. Paired.

What We’re Writing

Q4 2026 Beyond the Big Cities: Main Street Realities in Lower Middle Market M&A What sets the sub-$25 million market apart: local multiples, new institutional buyers, earnouts and seller notes, and the risk of owner dependency.
Q4 2026 Beyond the Big Cities: Why Specialized Advocacy Matters in Lower Middle Market M&A Why owners of Main Street businesses under $25 million work with a specialized sell‑side advisor: pricing, buyer tactics, confidentiality, and deal terms.
Q4 2026 Beyond the Big Cities: SDE vs. EBITDA in Lower Middle Market M&A SDE or EBITDA? How buyers value smaller Main Street businesses, where the switch from one to the other happens, and why mixing them up distorts expectations.

What We’re Reading

October 28, 2026 Baby Boomers Are Retiring in Droves. Private Equity Is Waiting. (opens The New York Times in a new tab) The New York Times · Guest essay by Doug Lepisto A guest essay on the wave of retiring business owners selling to private equity — and why succession planning matters for the communities their companies serve.

Links open ACG Insights, the publication of the Association for Corporate Growth, unless the card names another publication. Vinoy Ventures isn’t affiliated with any of the publications or the authors.