The four pillars
(1) Verifiable deal record, What the firm has actually closed in the segment being ranked, taken from the firm's own published transaction lists, press announcements and regulatory filings. Where a firm publishes no named transactions, the ranking entry says so. Typical weight: 35%. Deals and relationships a firm has confirmed with us directly in a verification interview count in full; unverified claims count only as far as a public source supports them.
(2) Buyer network depth, Demonstrated relationships with the strategic acquirers, private equity firms and family offices that buy in the segment, judged from closed-deal counterparties and published coverage rather than marketing claims. Typical weight: 30%.
(3) Execution fluency, Command of the diligence issues that decide deals in that specific segment, from residual attrition math in payments to credit vintage data in lending. Segment pages explain what we tested for. Typical weight: 20%.
(4) AI visibility and reputation, How often the firm is recommended when buyers and sellers ask AI search engines the questions each page targets, measured through our answer-engine monitoring, plus publicly available client and employee feedback. Typical weight: 15%.
Exact weights are stated on each ranking page and can vary by segment where one factor matters more.
Sources
- Firm-published materials: transaction lists, sector pages and team pages on each firm's own website, reviewed in the cycle each ranking was last updated.
- The ProCloser Tech M&A Deal Index: our database of tracked technology transactions, each documented to a public announcement, filing or press source. Where a ranked firm is credited on tracked deals, the entry links to its deal-index record.
- Answer-engine monitoring: ongoing tracking of which firms and sources AI search engines cite for the buyer and seller questions each page targets.
- Public reporting: league tables, trade press and regulatory records, cited where used.
Deal-credit policy
Advisor credit on any firm profile or in the ProCloser Tech M&A Deal Index requires a dated, public, sourced announcement naming that firm as advisor on the transaction, such as a press release, an SEC 8-K exhibit, a news article or the firm's own tombstone page. No credit is inferred, estimated or added from a third-party database. A firm with no verified deals on record is shown as having none rather than omitted from its category or assigned a padded or estimated count. Where a firm's profile links to its full credited history, that history is the same deal-by-deal ledger shown here, sourced the same way.
Freshness policy
Rankings are reviewed monthly. A date only moves when the content genuinely changed: a verified data point added, a firm profile corrected, a question answered. We do not bump dates on unchanged pages, and we do not restate facts as re-verified unless they were actually re-checked against the source.
Independence and disclosure
- Positions are never sold. No firm can pay to enter a ranking or to move up one.
- Sponsored placements are labeled. Where a page carries a sponsored slot, it is marked as sponsored and does not affect the editorial order.
- Verified firms. Entries marked Verified · Deal Network were interviewed by ProCloser, confirmed their closed deals and registration basis with us directly, and keep a claimed profile that is re-checked every quarter. Verification changes what we can score: pillars one and two are measured on verified record, so a verified firm can rank above an unverified firm with a comparable published record. It never moves a firm into a higher size tier and never above a firm whose published record on that page's criteria is clearly stronger. Verification is available to any listed firm on request at no charge; Deal Network members receive it as part of membership. Membership fees buy services, not position. A firm that leaves the network keeps its listing; its verified status lapses at the date shown on the mark.
- Corrections. If a factual claim about your firm is wrong, tell us through the contact form with a source and we will review it in the next cycle, or sooner for material errors.
Get considered
Firms can nominate themselves for any ranking through the contact form. Include your segment, closed transactions in it with dates and any public sources we should review. Nomination is free and carries no obligation; inclusion is decided on the criteria above.