Market Reports
2027 Janitorial & Building Services Company Valuation Report: EBITDA Multiples by Revenue

Building services companies in the lower middle market have generally sold for 3.5x to 8.0x adjusted EBITDA since 2021. EBITDA and revenue size set the range; contract revenue quality, workforce compliance, customer concentration and the owner’s role in daily operations determine where a valuation ends up.
2027 Security Guard Company Valuation Report: EBITDA Multiples by Revenue

Security guard companies with $5 million to $250 million in revenue have generally sold for 3x to 12x adjusted EBITDA since 2021. EBITDA and revenue size set the range; contract terms, customer concentration, post risk, labor margins, and the owner’s role in daily operations then decide where a company lands within it.
Electronics M&A: Market Trends in Parts & Equipment

2024 M&A Deal Activity Flat with 2023 but Remains Strong Relative to Historic Levels PitchBook Data reports 2024 global M&A deal activity within the Electronic Parts & Equipment sector was essentially flat with 2023. The chart below outlines that 304 deals were reported in 2024 vs. 313 in 2023. Capital Invested (Deal Value) on the…
Electrifying M&A Market for Electrical Contractors: 2024 Recap

A Surge in Connections: Electrical Contractor M&A Rebounds The U.S. electrical contracting sector rebounded in merger and acquisition (M&A) activity in 2024, following a slowdown in 2023. This resurgence reflects a return to more favorable economic conditions after a tough period of rising inflation, increasing interest rates, and economic uncertainty. Private Equity Platforms Powering Up…
Injection Molding Market Recap for 2024

Injection Molding M&A trends in 2024 show deal activity returning to pre-pandemic levels of 2019, though still below the post-COVID highs of 2021-2023. Strategic buyers remain dominant, but the lines continue to blur as many private equity firms own the strategics driving these investments. Deal Count – 10 Year History – Injection Molding VALUATIONS –…
Construction Sector M&A Update: Heavy Civil Contractors

In 2024, we observed a significant increase in M&A deal activity in the lower middle market for specialty trades contractors and, specifically, for heavy/civil construction contractors. In this update, we look back at year-over-year deal activity, including 2024 for heavy/civil contractors, share examples of recent deals, and consider what makes these companies attractive to buyers….