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

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 4: California middle market M&A transactions
Average enterprise value / Revenue multiples ^{(1) (2)}

Table 5: California middle market M&A transactions
Average enterprise value / EBITDA multiples ^{(1) (2)}