Clearwater Corporate Finance vs DelMorgan & Co.
Comparing two boutique M&A advisors · Last updated April 9, 2025
| Attribute | Clearwater Corporate Finance | DelMorgan & Co. |
|---|---|---|
| Type | Middle market | Boutique |
| HQ | Manchester, UK | Santa Monica, CA |
| Founded | 2003 | 2010 |
| Sector focus | UK, Cross-Border | Cross-Border, Lower Mid-Market |
| Deal size | $10M-$100M | $10M-$200M |
| Senior team |
|
|
| Rating | Locked | Locked |
| Reviews | 0 verified | 0 verified |
Choosing between Clearwater Corporate Finance and DelMorgan & Co.
Clearwater Corporate Finance and DelMorgan & Co. both work in Cross-Border. Founders running a sell-side process in those categories often see both names on their advisor longlist, which is why this comparison comes up. Clearwater Corporate Finance is a middle market while DelMorgan & Co. is a boutique, so the underlying business models differ even where the sector coverage overlaps.
Clearwater Corporate Finance is headquartered in Manchester, UK and was founded in 2003, while DelMorgan & Co. operates out of Santa Monica, CA and was founded in 2010. Geography matters here: Clearwater Corporate Finance's Manchester relationships and DelMorgan & Co.'s Santa Monica relationships will overlap on national strategics but diverge on the regional private equity buyer set most likely to push price. On deal-size focus, Clearwater Corporate Finance states $10M-$100M while DelMorgan & Co. states $10M-$200M. Beyond shared coverage, Clearwater Corporate Finance also reaches into UK, while DelMorgan & Co. extends into Lower Mid-Market.
For founders deciding between Clearwater Corporate Finance and DelMorgan & Co., the honest recommendation is to take a working session with each named partner before signing. Read the firm-level reviews on BankerNotes for the pattern that matters most: did the partner who pitched the mandate run the buyer calls and final negotiations, or did the work slide down the org chart by week six. That pattern, more than league-table position, is what separates a good outcome from a mediocre one.
Clearwater Corporate Finance is a middle market headquartered in Manchester, UK and founded in 2003. The firm focuses on UK, Cross-Border and typically advises on transactions in the $10M-$100M range. Key dealmakers incl...
DelMorgan & Co. is a boutique headquartered in Santa Monica, CA and founded in 2010. The firm focuses on Cross-Border, Lower Mid-Market and typically advises on transactions in the $10M-$200M range. Key dealmakers includ...
Frequently asked questions
- What is the main difference between Clearwater Corporate Finance and DelMorgan & Co.?
- Clearwater Corporate Finance is a middle market HQ'd in Manchester, UK (founded 2003), focused on UK, Cross-Border, with a typical deal range of $10M-$100M. DelMorgan & Co. is a boutique HQ'd in Santa Monica, CA (founded 2010), focused on Cross-Border, Lower Mid-Market, with a typical deal range of $10M-$200M. Beyond those facts, the most reliable differentiator is senior banker attention, which BankerNotes reviews are designed to surface.
- Which firm has better founder reviews, Clearwater Corporate Finance or DelMorgan & Co.?
- Clearwater Corporate Finance's current rating is Locked (reviews unlock after five verified founders submit ratings). DelMorgan & Co.'s current rating is Locked (reviews unlock after five verified founders submit ratings). Read the individual firm profiles for the full review breakdown.
- Should I shortlist both Clearwater Corporate Finance and DelMorgan & Co.?
- For most founders evaluating sell-side advisors with overlapping sector and deal-size fit, putting both on a shortlist is reasonable. The point of a bake-off is to test how the senior team behaves under pressure, how the firm shapes the buyer universe, and how it handles a difficult diligence question. Treat the shortlist as an interview, not a beauty contest.
- How does BankerNotes verify reviews of Clearwater Corporate Finance and DelMorgan & Co.?
- Every review is submitted by a founder who confirms they hired the firm as their sell-side advisor. We verify the reviewer privately using work email, LinkedIn, and approximate engagement timing. The verified identity is never published. Only the rating, written review, and a generic sector label appear on the public page.
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Last updated: April 9, 2025