H1-2019 H2-2019 H1-2020 H2-2020 H1-2021 H2-2021 H1-2022 H2-2022 H1-2023 H2-2023
Table 4: New England middle market M&A transactions
2.5x
Average enterprise value / Revenue multiples (1) (2)
4.3x
2.9x
3.8x
3.7x
2.3x
4.2x
5.4x
6.2x
NDR
Average: 3.9x
