§ COMPARE
VC3.
Lighthouse Advisory vs Armstrong Transaction Services
Side-by-side compare: two UK lower-mid-market CDD boutiques.
§ DIRECT ANSWER
Both compete in the UK lower-mid-market £5m-£100m EV pocket; Lighthouse leans TMT and business services, Armstrong leans industrials. Both are quote-only; neither publishes a rate card. Sector fit drives the beauty parade.
§ 1.1Side-by-side
| Dimension | Lighthouse | Armstrong |
|---|---|---|
| Sector strength | TMT, business services | Industrials, services |
| Fee band | Quote-only | Quote-only |
| Deal-size sweet spot | £10-100m | £5-100m |
§ 1.2Industrials vs services
Armstrong is the conventional pick for industrials; Lighthouse for TMT and business services. Where the target sits across both, brief both firms and let the beauty parade decide.
VERIFIED 21 JUN 2026NEXT REVIEW 21 SEP 2026SRC: Firm public material; indicative market practice