Moelis & Co continued a third-quarter winning streak among independent M&A advisory firms, posting a 30% year-on-year increase in revenues as the volume of announced deals also ticked up.

"What's happening is quality companies feel like these valuations are fair and the market is liquid enough that they can actually get a transaction complete," chief executive Ken Moelis told Financial News on Wednesday. "You're seeing more people venture out into selling their quality companies. That's going to continue if the market stays anywhere near where it is today."