Headwaters SC Reviews
San Diego, CA · Founded 2008
- Type
- Boutique
- HQ
- San Diego, CA
- Founded
- 2008
- Deal size
- $10M-$150M
- Focus
- Generalist, Tech-Services
- Website
- headwaterssc.com
- Mike PellegrinoManaging Director
Headwaters SC is a boutique headquartered in San Diego, CA and founded in 2008. The firm focuses on Generalist, Tech-Services and typically advises on transactions in the $10M-$150M range. Key dealmakers include Mike Pellegrino (Managing Director). Read founder-verified reviews of Headwaters SC below, from founders who hired the firm as their sell-side advisor whether the deal closed or not.
What to know about Headwaters SC
Headwaters SC has built its franchise in Generalist, Tech-Services, where founders running a sale process often turn to firms with deep sector pattern recognition. The senior bench, anchored by Mike Pellegrino, sets the tone for how engagements run from the first call through whatever outcome the process produces. Founders evaluating Headwaters SC typically compare it against other boutique houses with similar sector emphasis.
Deal sweet spot at Headwaters SC sits in the $10M-$150M band. That target range shapes everything: which buyers get the call, how the process is paced, and how the firm allocates senior banker attention. Founders working with Headwaters SC should expect a process tuned to that band; founders far below or above it sometimes find a better fit elsewhere.
Geography matters more than founders expect. Headwaters SC operates out of San Diego, CA, and its strongest buyer-side relationships tend to cluster around that orbit. For sellers running a global process, that can be either an advantage (concentrated relationships) or a constraint (thinner reach in other regions). Founders should ask directly: which buyers have you placed with in the last 24 months, and where are they.
Reviews
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Frequently asked questions
- Who can review Headwaters SC?
- Any founder who hired Headwaters SC as their sell-side advisor and ran an M&A process with them, regardless of whether the deal ultimately closed. How a banker behaves when a deal does not close is just as important as when it does, and both outcomes are welcome.
- Has Headwaters SC been reviewed by founders?
- Headwaters SC appears in the BankerNotes directory. Reviews from verified founders who hired the firm unlock publicly once five founders have submitted ratings. Until that threshold is reached, reviews are pending and not displayed.
- Where is Headwaters SC headquartered?
- Headwaters SC is headquartered in San Diego, CA. The firm was founded in 2008.
- What kinds of deals does Headwaters SC work on?
- Headwaters SC focuses on Generalist, Tech-Services. Typical transaction size falls in the $10M-$150M range.
- Who are the key dealmakers at Headwaters SC?
- Senior dealmakers include Mike Pellegrino (Managing Director). Founders running a process should expect to interact most with the named partner or managing director assigned to the deal.
- How does BankerNotes verify reviews of Headwaters SC?
- Every review on BankerNotes 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: September 6, 2025