What is the target really worth? We prepare an independent opinion of value based on the target’s adjusted EBITDA, comparable transaction data, industry-specific multiples, and the quality of its earnings. Lower-middle-market businesses typically trade at 2.5x to 6.5x adjusted EBITDA. Yet where a specific business falls in that range depends on factors most buyers don’t know how to evaluate.
Chicago-based business brokers and M&A firm specializing in buying and selling privately-held companies.
