Table 4/5: Texas middle market M&A transactions

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

Table 5: Texas middle market M&A transactionsAverage enterprise value / EBITDA multiples (1) (2) (3)

Source: S&P Capital IQ.(1) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.(2) The H2 - 2022 Enterprise Value / EBITDA multiple is derived from two transactions with multiples of 27.4x and 25.0x, respectively.(3) The H1 - 2021 Enterprise Value / EBITDA multiple is derived from a single, disclosed transaction.