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Electrical UtilityM&A Valuation Benchmarks
Median multiples, deal-size medians, named acquirers, and per-bracket multiples — based on 72real M&A transactions in the electrical utility space.
State of Electrical UtilityM&A in 2026
The electrical utility M&A market is currently trading at a median 11.54× EBITDA (interquartile range 8.87×–13.38×) and 3.48× revenue (interquartile range 1.5×–5.61×), based on 72 disclosed transactions at a median deal size of $3,890.8M. The market trend is currently stable.
Active acquirers include Kodiak Gas Services, LLC, Brookfield Corporation, Blackstone Inc., Black Hills Corporation. Recent named transactions: Distributed Power Solutions, Inc. (2026, $688.8M); Duke Energy Florida, LLC (2025, $41,737.8M, 11.8× EBITDA); TXNM Energy, Inc. (2025, $11,941M, 13.1× EBITDA).
All figures based on disclosed deals only. Source: SEC filings, EDGAR 8-K/S-4, and verified press releases (72 deals total, 57 with EBITDA, 71 with revenue). Quality grade: green.
Median multiples
| Metric | p25 | Median | p75 | Sample |
|---|---|---|---|---|
| EV / EBITDA | 8.87× | 11.54× | 13.38× | 57 deals |
| EV / Revenue | 1.5× | 3.48× | 5.61× | 71 deals |
| Deal size (EV) | — | $3,890.8M | — | 72 deals |
Recent (2018+) median: 11.84× EBITDA, 3.92× revenue. Data quality: green.
Recent named M&A deals in electrical utility
Most-recent disclosed transactions. Click any deal for full detail (multiples, financials, source).
Sourced from SEC filings, EDGAR 8-K/S-4, and verified press releases.
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