Insights

What drives the Multiple

Findings from our analysis of relevant deals in owner-led services and niche manufacturing, plus short reads on how buyers think. New findings are added about once a quarter.

FROM OUR ANALYSIS OF RELEVANT DEALS

Who the buyer was explained more of the price than the seller's own features.

In our analysis of relevant deals, the identity of the buyer accounted for more of the difference in price than everything we could code about the firms being sold: size, services, recurring revenue, specialism. Choosing and preparing for the right buyers comes before polishing the firm.

Patterns across deals, not a prediction of any one buyer's price.

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