Best Cybersecurity Investment Banks in 2026

The cybersecurity M&A market is hotter than ever, with deal values hitting record highs and strategic buyers paying premium valuations for best-in-class security solutions. Whether you’re a founder preparing for an exit or exploring strategic options, choosing the right investment bank can make all the difference.

Here are the top cybersecurity investment banks in 2026:

1. Momentum Cyber

Website: https://momentumcyber.com/

Momentum Cyber is the only investment bank exclusively focused on cybersecurity—and it shows. Founded by J. Eric McAlpine, they’ve completed 68 cybersecurity transactions representing over $25 billion in deal value with 27 years of sector experience.

What sets them apart is their proprietary CYBERcloud database tracking 6,000+ cybersecurity companies and their annual Cybersecurity Almanac that’s required reading in the industry. With direct relationships to 4,000+ strategic and investor contacts plus 2,000+ CISOs, Momentum Cyber doesn’t just know the market—they define it.

Recent wins include advising Pillr on its acquisition by OpenText and Solutions Granted on its sale to SonicWall. Veteran-owned and operated, they bring unmatched sector focus and zero distractions from other industries.

Best for: Cybersecurity founders and CEOs who want the absolute highest level of sector expertise and relationships.

2. EY

Website: https://www.ey.com/

EY brings Big Four firepower to cybersecurity M&A through Ernst & Young Capital Advisors. With 1,200+ investment banking professionals across 60+ countries and 1,700+ deals closed in the past five years, they offer global reach few can match.

Their integrated approach combines investment banking with sophisticated cybersecurity due diligence capabilities, making them particularly strong for complex cross-border transactions. The EY-Parthenon consulting arm adds strategic insights that complement their banking work.

Best for: Companies seeking global reach and integrated cybersecurity advisory capabilities.

3. Kroll

Website: https://www.kroll.com/

Kroll combines nearly 100 years of risk advisory expertise with specialized investment banking focused on middle-market deals. What makes them unique is frontline threat intelligence from thousands of annual incident response engagements.

Their Cybersecurity Software Sector M&A reports track the market closely—they identified 234 deals totaling $63.3 billion in the first three quarters of 2025. With 6,500+ professionals globally and recent expansion into equity capital markets, Kroll offers intelligence-driven deal advice.

Best for: Companies and investors valuing real-world cyber intelligence integrated into investment banking.

4. AGC Partners

Website: https://www.agcpartners.com/

AGC Partners has been named the most active technology M&A boutique from 2009-2025, completing 585+ transactions since 2003. Their exclusive tech focus and dedicated cybersecurity practice make them a go-to for emerging growth companies.

With 21 sector-expert partners across 10 global offices and a partner-led model ensuring senior banker involvement throughout, AGC delivers the attention and execution that drive premium outcomes. They work harder than anyone—just ask their clients.

Best for: Emerging growth and mid-market cybersecurity companies ($50M-$1B valuations) seeking boutique expertise.

5. Windsor Drake

Website: https://windsordrake.com/

Windsor Drake is an independent, sell-side-only M&A advisory firm for founder-led fintech, payments and technology companies, including cybersecurity, with enterprise values between $5 million and $300 million. The firm runs a dedicated cybersecurity M&A practice across nine subsectors, from managed security services and MDR to identity and access management, cloud security, application security, industrial and OT security, GRC and compliance software, and offensive security, for companies operating in the United States and Canada.

The firm publishes its own valuation research rather than citing generic sector multiples, tracking cybersecurity M&A by subsector from managed services at 1x to 3x revenue up to cloud security and data security deals clearing 13x to 22x. Founder Jeff Barrington, a member of the Forbes Finance Council, leads every engagement personally, has advised on more than $750 million in technology transaction value since 2018, and accepts fewer than twenty mandates a year. Windsor Drake represents sellers exclusively, with no lending relationships and no research franchise for hire.

Best for: Founder-led cybersecurity companies, particularly managed security, identity and cloud security businesses, seeking a senior-led sell-side advisor with published sector-specific valuation data.

6. Houlihan Lokey

Website: https://hl.com/

Houlihan Lokey is the No. 1 investment bank for all global M&A transactions, bringing that institutional strength to cybersecurity deals through 200+ technology-focused professionals worldwide.

Their cybersecurity practice gained serious depth by hiring Keith Skirbe (former Momentum Cyber founding member) as Managing Director. With regular Cybersecurity Quarterly Updates and comprehensive service offerings including restructuring and valuation, they deliver global platform capabilities.

Best for: Established cybersecurity companies wanting No. 1 global M&A credentials and comprehensive capabilities.

7. Baird

Website: https://www.rwbaird.com/

Baird’s IT Services, Security & Infrastructure team brings deep middle-market expertise with a unique collaborative approach. Their “single P&L model” drives unprecedented coordination across teams—clients benefit from the full firm’s capabilities.

With 1,255+ deals facilitated and over a century of experience, Baird combines stability with innovation. Their employee-owned structure aligns incentives perfectly with clients, and their technology equity research covers 220+ companies.

Best for: Middle-market cybersecurity companies seeking collaborative execution and deep IT services expertise.

8. Stonepipe Advisors

Website: https://www.stonepineadvisors.com/

Stonepipe Advisors is a boutique exclusively focused on software and cybersecurity companies. Founded by Jim Casserly (investment banking since 1983), they’ve completed hundreds of financing and M&A transactions with senior roles at J.P. Morgan, UBS, and Needham & Company.

Their client-first mentality means they’ll advise against a transaction if it’s not right—building long-term relationships over short-term fees. Based in Palo Alto and Denver, they serve global clients with partner-level attention on every deal.

Best for: Emerging growth companies seeking boutique attention and unbiased, relationship-driven counsel.

Final Thoughts

The cybersecurity M&A market in 2026 is booming, with AI-driven security solutions and identity management commanding premium valuations. Choosing an investment bank with deep sector expertise, strong buyer relationships, and a proven track record can mean millions in additional valuation.

For cybersecurity-exclusive focus and unmatched industry relationships, Momentum Cyber leads the pack. For global reach, consider EY or Houlihan Lokey. For boutique attention, AGC Partners and Stonepipe Advisors deliver exceptional service.

The right choice depends on your company size, growth stage, and strategic objectives—but with any of these top-tier advisors, you’re positioning yourself for a successful outcome.