H1-2019 H2-2019 H1-2020 H2-2020 H1-2021 H2-2021 H1-2022 H2-2022 H1-2023 H2-2023
Table 4: Texas middle market M&A transactions
2.7x
Average enterprise value / Revenue multiples (1) (2)(3)
1.4x
1.2x
1.4x
5.5x
2.9x
3.1x
3.7x
1.7x
1.4x
Average: 3.7x
Average:2.5x