The Alliance of Merger & Acquisition Advisors, the AM&AA, has released their "Deal Stats" report for the first half of 2015. This report provides insight into transactions completed in the first half of 2015 by the middle market companies served by this 1,000 member organization of corporate advisors, intermediaries, business buyers and sellers.
To view the full report, CLICK HERE!
As members of the AM&AA, LBA Haynes Strand Capital Advisors has access to reports such as this one and access to exceptional practitioners perspectives of mergers and acquisitions in the middle marketplace. We also have access to a faculty of industry experts that are able to offer us unique viewpoints in current and future trends and challenges and opportunities in the middle market.
The report highlights the first half of 2015, which posted lower average multiples for the first time in the last four surveys. The average and median multiples for done deals were down somewhat with the average multiple decreasing from 5.64 to 4.93 EBITDA. This was led by a sharp decline in the multiples paid for manufacturing companies. The total number of deals was also down in the current survey, however it was still higher than a year ago at this time.
Members of AM&AA provided transaction related services in almost every industry, however manufacturing transactions were the most frequent and the transportation and warehousing industry provided the highest dollar volume.