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Axial is excited to release its Q3 2023 Lower Middle Market InvestmentBanking League Tables. These quarterly league tables reveal the top 25 investmentbanks active on the Axial platform in Q3. In Q3, 571 sell-side investmentbanks and M&A advisors brought a total of 2,360 deals to market.
We also expanded Zelman's investmentbanking capabilities into the commercial market in 2023. And in the fourth quarter, the investmentbanking team closed three transactions, albeit all in the single-family sector, that boosted revenues and expanded the W&D brand significantly.
And his tenure here has included a number of major milestones for the company, including leading our IPO back in 2018 and more recently, helping guide the business across the $1 billion mark. Prior to joining Elastic, Eric spent nearly 10 years at JPMorgan in various investmentbanking leadership roles.
And Christian and I ended up doing the law office apprenticeship program starting in 2018 with our general counsel at the time, Curtis Barry Ritholtz : At Legalist? ’cause the returns are less than the initial investment. So in the early years we only had 10 million of assets, but we had billions of dollars of dealflow.
So that was a while back, but nonetheless, I don’t know if it was love at first sight, but we got to get along pretty well, and after a few years working for investmentbanks, he then joined Goldman Sachs. I joined, effectively, Deutsche Bank. We decided to try to have a go on our own. We were 28, 30 respectively.
We held our team together throughout the downturn to be able to capture dealflow when markets returned and our investment sales team's efforts in the back half of 2024 were fantastic and set us up very well for 2025 and beyond. per share, a 3% increase and a 15% compound annual growth rate since it was initiated in 2018.
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