Table 4/5: California middle market M&A transactions | Table 5: Great Lakes middle market M&A transactions

Table 4: Great Lakes middle market M&A transactionsAverage enterprise value / Revenue multiples (1) (2)

Source: S&P Capital IQ.(1) Baker Tilly updated its screening criteria process in H2 2023. Therefore, comparability with prior newsletters may be limited.(2) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.

Table 5: Great Lakes middle market M&A transactionsAverage enterprise value / EBITDA multiples (1) (2)