Q3 transaction volume increased 5%, with 81 transactions completed.
Commercial services continues to be an active segment for M&A transactions.
- Facility services was the most active sub-industry accounting for 25% of transactions in the quarter and 60 transactions YTD.
- Most transactions were smaller regional service providers, with one large (USD$1.3 bn) transaction in Environmental Services.
- Financial sponsor transactions see year to date EV/EBITDA multiples grow to 7.8x on average.
- Public companies followed the downward trend of the overall S&P.
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.
Josh Ellis
Director, Toronto
jellis@cccinvestmentbanking.com
Connor Irwin-Lewis
Analyst, Toronto
cirwin-lewis@cccinvestmentbanking.com
Commercial Services Review Q3 2023
