Commercial Services Q2 2024 Industry Update

Commercial services continues to be an active segment for M&A transactions.

• Safety and security was the most active sub-industry accounting for 20% of transactions in the quarter. Facility services and mechanical services were second and third respectively, at 19% and 17%.
• Most transactions involve regional service providers being acquired by active strategic players in the same category.
• Financial sponsor transaction data supports average Q1 2024 EV/EBITDA multiples at 6.9x, down by 0.3x from 2023.
• Public companies followed the positive trend of the overall S&P in Q2 supporting room for accretive transactions by public companies and general economic confidence supports increasing private market valuations.

Please reach out to the Commercial Services leads to discuss the latest trends impacting this business segment and key features driving value in M&A transactions.

Please reach out to the Commercial Services leads to discuss the latest trends impacting this business segment and key features driving value in M&A transactions.