Powered by Ceros

H1-2019     H2-2019     H1-2020     H2-2020     H1-2021     H2-2021     H1-2022     H2-2022     H1-2023     H2-2023

4.8x

2.2x

2.2x

6.3x

3.2x

3.4x

1.7x

8.3x

NDR

1.6x

Average: 3.7x

Average enterprise value / Revenue multiples (1) (2)(3)

Table 4: Philadelphia & Central Pennsylvania region middle market M&A transactions