What is the Lower Middle Market?

Lower Middle Market Definition

Lower Middle Market...AKA LMM

Dictionary Definition

Lower middle market is the lower end of the middle market segment of the economy, as measured in terms of annual revenue of the firms. Firms with an annual revenue in the range of $5 million to $50 million are grouped under the lower middle market category.

Plain English

Companies in the LMM have grown beyond the Main Street Market.  They are above $5M in revenue, have multiple employees, systems and processes, etc.  

Why it Matters to You

As a business owner, we don’t think you really care what “market” your business falls into.  This information is good to know so when you are thrown in a room with all the Trusted Advisors and they start using industry jargon you are familiar with the term.


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