HVAC / Trades Multiples

by a searcher from University of Pennsylvania - The Wharton School

11 months ago

Hi All!

starting a search and looking at the trades (not being original here hehe).
Question for the ones that are into the industry.
What type of multiples are you seeing for a business >$7M in revenues (>$1M SDE/EBTIDA) that has +50% services? With anyone has an overall guidance for multiples in the sector, also happy to hear! =)

Thanks!

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20 comments

searcher from Ivey Business School at Western University

In my very recent experience (within last 7 days), list price at ~4x EBITDA for that size business. 4 companies across HVAC and electrical. They were competitive though and I guess that if I pursued them it would end up being higher price bc confirmed multiple interested parties.

11 months ago | like reply | 0 likes

searcher from The University of Michigan - Stephen M. Ross School of Business

Great info all, thank you.

11 months ago | like reply | 0 likes

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