Hi all — I’m curious to hear where fellow independent sponsors are finding deals, particularly in the $3M–$15M EBITDA range. I’ve been using Axial quite a bit and have come across some great opportunities. I’ve even had a few deals under LOI that ultimately fell through due to last-minute changes on the sell-side. That said, my pipeline has slowed down a bit over the past month — potentially just the end-of-summer lull. For those who have had success sourcing in this EBITDA range, have you found that direct outreach to LMM investment banks is more effective? If you’ve taken that approach, I’d be interested to hear about your experience and what has worked well. I’m also very open to connecting with experienced independent sponsors. I entered the space about 8 months ago after working in M&A consulting and am always interested in learning from others who have been doing this for a while. Feel free to reach out here or at redacted if you’re open to connecting for a quick chat.