What Buyers See That Cuts Your Company’s Value in Half: The Nine Multiple Killers
ccording to the IBBA and M&A Source Q3 2025 Market Pulse Survey — the leading quarterly data set on lower middle market M&A, based on 247 completed transactions — the median multiple for businesses valued $5M–$50M was 5.5x in the third quarter of 2025. That figure held roughly 0.8 points above the start of 2025, reinforcing […]