Houlihan Lokey is the top M&A advisor by volume, handling 240 transactions through the third quarter, generating revenues of $659 million in the second quarter of the 2026 fiscal year.

CEO Scott Adelson, a former MBA graduate, leads the firm which has expanded its ranks and deepened sector-specific coverage. Adelson predicts a dealmaking rebound as technology and AI optimism rise, contrasting with large banks’ cautious staffing levels.

Houlihan Lokey has added managing directors and acquired boutique investment banks to broaden its reach and deepen industry coverage, with a focus on cultural synergy in M&A deals.

Read more at Yahoo Finance: How an ‘accidental banker’ is turning this LA-based investment bank into one of the biggest deal machines