Auxo Firm Directory · Independent Research Profile

Dragonfly Capital

Dragonfly Capital provides M&A, divestiture, strategic-partnership, management-buyout, acquisition, and corporate-finance services. Its stated focus includes small and middle-market companies primarily in North America, with representative transaction examples across several industries.

Key takeaway

What stands out about Dragonfly Capital

Dragonfly Capital publicly describes a lower-middle-market advisory practice serving management teams, owners, corporate acquirers, private investors, and companies seeking debt or equity financing. Its published criteria include approximately $10 million-$150 million in revenue, $2 million-$15 million in EBITDA, and $5 million-$75 million transactions in the firm overview; its M&A page separately states that M&A transactions typically fall in the $5 million-$100 million range.[1][2][3][4][5][6][9]

What does Dragonfly Capital do?

Dragonfly Capital is an investment-banking firm operating from Charlotte, North Carolina and Charleston, South Carolina. It focuses on management and owners of small and middle-market companies and has stated that it has closed over 100 transactions since its founding in 2000.[1][10]

Dragonfly Capital provides merger and acquisition, divestiture, strategic-partnership, and management-buyout services. Seller representation may include information-memorandum preparation, buyer identification and outreach, negotiation, due-diligence assistance, and closing support.

The firm also represents corporate and private investors in acquisition searches and targeted projects and advises management teams on management buyouts and acquisition financing. Its corporate-finance practice structures and raises private debt and equity financing for growth, leveraged acquisitions, leveraged recapitalizations, and debt refinancing. Typical private-placement transactions are stated at $5 million to $150 million.[3][4][5][6]

Owners comparing advisory firms can also review Auxo’s M&A advisor vs. business broker vs. investment bank comparison, advisor-selection guide, and sell-side advisor evaluation framework.

Public size / criteria information
The firm overview identifies typical client metrics of approximately $10 million-$150 million in revenue, $2 million-$15 million in EBITDA, and $5 million-$75 million transactions. Its M&A page separately states that M&A transactions typically fall in the $5 million-$100 million range. The transactions page states that typical transactions are $10 million-$35 million, with some smaller and a number much larger.[3][9]

What should a business owner evaluate before hiring Dragonfly Capital?

An owner evaluating Dragonfly Capital can compare the company’s stated lower-middle-market criteria, North American coverage, sector list, and seller-process description with the proposed mandate. The public materials identify transaction ranges and representative examples, but deal-level dates, values, and complete consideration terms are not provided in the official firm overview PDF. The official M&A page also does not publish a universal advisory-fee percentage, minimum fee, tail period, or termination schedule. These engagement terms, current buyer appetite, conflicts, comparable mandates, senior-professional involvement, and the contracting legal entity should be confirmed directly.[2][3][4][8][9]

01

What is the proposed engagement fee structure, including any retainer, success fee, minimum fee, expenses, tail period, and termination rights

The official M&A page does not publish a universal advisory-fee percentage, minimum fee, tail period, or termination schedule.[3]
02

Which current buyers or investors are active for the company's sector and size

Dragonfly describes buyer identification, buyer outreach, acquisition searches, and access to corporate and private investors, but the cited service materials do not identify a buyer list for a specific mandate.[4][5]
03

What recent comparable mandates has the firm completed, and what were the transaction dates, structures, and outcomes

The official firm overview lists representative transactions but does not disclose transaction dates, transaction values, or complete consideration terms for the listed examples.[9]

What size transactions and clients does Dragonfly Capital focus on?

Dragonfly Capital states that it works with companies in energy, manufacturing, business services, healthcare services, and tech-enabled services. Its industry-focus page also lists automotive, transportation and aerospace; building products; construction materials; consumer products; alternative energy and energy services; media and entertainment; packaging; food, beverage and restaurants; general industrial; distribution; IT services; technology-enabled services; financial services; and business services.[7][8]

The firm’s overview lists CST Utilities recapitalized by MFG; ABQ Orthodontics recapitalized by MB2 Dental; AMP Solar Group receiving a minority growth investment from Carlyle Renewable & Sustainable Fund and Global Infrastructure Opportunity Fund; and Alchemy Renewable Energy selling a basket of solar assets and receiving a growth capital investment from Carlyle Renewable & Sustainable Fund.

Other listed examples include BlueRibbon acquired by Cloverdale, Blevins Building Supply acquired by U.S. LBM, Data Driven Safety recapitalized by Striker Partners, Horizon Solar Power acquired by Oaktree Capital, PosiGen receiving equity growth capital from New World Capital Group and Constellation, and Service Net sold to Bayside Capital Opportunity Fund.[9]

The firm’s stated transaction work includes M&A, divestitures, strategic partnerships, management buyouts, acquisition searches, acquisition financing, leveraged recapitalizations, refinancing, and private debt and equity placements. Dragonfly states that its M&A transactions typically fall in the $5 million to $100 million range, while its transactions page describes typical transactions of $10 million-$35 million, with some smaller and a number much larger.[3][5][6][10]

What does Dragonfly Capital publicly disclose about fees, process and engagement terms?

The official firm overview PDF lists representative transactions but does not disclose transaction dates, transaction values, or complete consideration terms for those listed examples.

The official M&A page states transaction-size ranges and service categories but does not publish a universal advisory-fee percentage, minimum fee, tail period, or termination schedule. The official corporate-finance page describes financing services and process steps but does not publish a universal financing-advisory fee schedule or minimum engagement size beyond the stated typical private-placement range.[3][6][9]

Dragonfly Capital Partners, LLC is identified as Dragonfly Capital’s broker-dealer subsidiary. FINRA BrokerCheck identifies the entity as CRD #125199 and SEC #8-65772, with SEC and FINRA registrations and registrations in four U.S. states and territories. A 2025 SEC filing identifies Dragonfly Capital Partners, LLC as a broker-dealer and lists its principal place of business as 694 Pawley Road, Suite 101, Mount Pleasant, South Carolina.[2][11][12]

Dragonfly states that a typical seller assignment includes decision-to-sell analysis, due diligence and preparation, marketing the business, final negotiations, and closing support. Its seller materials also describe information-memorandum preparation, buyer identification, buyer outreach, negotiation, and due-diligence assistance.[4]

Questions to ask before hiring Dragonfly Capital

What is the proposed engagement fee structure, including any retainer, success fee, minimum fee, expenses, tail period, and termination rights?
The official M&A page does not publish a universal advisory-fee percentage, minimum fee, tail period, or termination schedule.[3]
Which current buyers or investors are active for the company's sector and size?
Dragonfly describes buyer identification, buyer outreach, acquisition searches, and access to corporate and private investors, but the cited service materials do not identify a buyer list for a specific mandate.[4][5]
What recent comparable mandates has the firm completed, and what were the transaction dates, structures, and outcomes?
The official firm overview lists representative transactions but does not disclose transaction dates, transaction values, or complete consideration terms for the listed examples.[9]
How would the firm manage conflicts when representing buyers, sellers, or capital providers?
Dragonfly publicly describes work for sellers, corporate acquirers, private investors, management teams, and capital-raising clients; the cited materials do not specify a conflict-management framework.[4][5][6]
Which Dragonfly legal entity would sign the engagement and perform regulated services?
Dragonfly identifies Dragonfly Capital Partners, LLC as its broker-dealer subsidiary, and regulatory records identify that entity as a broker-dealer.[2][11][12]
What portion of the process would be handled by senior professionals?
The public seller-process description identifies the stages of a typical assignment but does not specify staffing allocation by role or seniority.[4]

Sources & research notes

Public-source research
  1. Official website / firm overview
  2. Official website / firm overview
  3. Services / capabilities
  4. Services / capabilities
  5. Services / capabilities
  6. Services / capabilities
  7. Industry / market focus
  8. Industry focus
  9. Transaction size / criteria
  10. Transaction / portfolio evidence
  11. FINRA BrokerCheck / regulatory record
  12. SEC filing / regulatory record
Prepared and reviewed by: Auxo Capital AdvisorsEvidence standard: Public-source verification

How this profile was researched

Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.

Independent profile & regulatory context

Independent research profile

This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.

Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.

Broker-dealer and securities disclosure

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