Legal
Regulatory disclaimer
Last updated: 4 September 2026
Drummond Leonardes Partners provides buy-side origination and transaction support services to acquirers of privately held companies. Nothing on this website constitutes investment advice, a personal recommendation, or an offer or solicitation to buy or sell any security. The firm is not an investment adviser, broker-dealer, placement agent or credit institution.
Scope of services
Our services consist of defining acquisition criteria, mapping a target universe, approaching owners on behalf of an acquirer, qualifying responses, and supporting the acquirer through negotiation and closing. They do not include the placement of securities, the management of assets, the provision of financing, or personal recommendations in respect of financial instruments.
M&A broker exemption
Services are performed in reliance on the exemption for M&A brokers in Section 15(b)(13) of the Securities Exchange Act of 1934, effective 29 March 2023. Engagements are scoped to transactions falling within that exemption: a privately held target with EBITDA below $25 million or gross revenues below $250 million, where the buyer takes control of the target on completion. The firm does not receive, hold, transmit or take custody of funds or securities, and provides no financing.
State law
The federal exemption does not pre-empt state securities law, and state requirements are not uniform. Each engagement is reviewed against the states relevant to it, and each party takes its own legal advice.
No guarantee of outcome
No representation is made that any company will respond, that any meeting will take place, or that any transaction will be identified, agreed or completed.
Forward-looking statements
References to market fee ranges, timelines or universe sizes are general and indicative. They are not forecasts and should not be relied upon in relation to any particular transaction.