What was the median EV/EBITDA multiple for Industrial Equipment in 2023?

The median EV/EBITDA multiple for Industrial Equipment acquisitions in 2023 was 14.04x, based on 10 disclosed transactions. The p25-p75 range was 8.03x to 29.84x.

What was the median EV/Revenue multiple for Industrial Equipment in 2023?

The median EV/Revenue multiple for Industrial Equipment acquisitions in 2023 was 1.68x, based on 38 disclosed transactions. The p25-p75 range was 0.88x to 2.75x.

2023M&A Transaction Multiples

Industrial Equipment Multiples - 2023

Sourced from 38 publicly disclosed Industrial Equipment acquisitions in 2023. Public records only (SEC EDGAR + verified press releases).

EV / EBITDA

14.0x

median · p25 8.0x - p75 29.8x · n=10

EV / Revenue

1.7x

median · p25 0.9x - p75 2.8x · n=38

Value your Industrial Equipment business

Instant valuation range + a sellability score with the 5 specific drivers worth the most at the LOI table. Backed by 25,592 real M&A transactions.

Industry

Annual Revenue (USD)

EBITDA / SDE (USD)

Industrial Equipment multiples by year

2025 · 11x EBITDA 2024 · 8.84x EBITDA 2023 · 14.04x EBITDA 2022 · 13.37x EBITDA 2021 · 18.6x EBITDA 2020 · 11.7x EBITDA 2019 · 10.8x EBITDA 2018 · 9.93x EBITDA

Other verticals - 2023 multiples

Dental Practice· 9x EBITDA Electronics· 9.54x EBITDA Healthcare IT· 24.6x EBITDA Insurance Agency· 15.89x EBITDA IT Services· 10.71x EBITDA Laboratory Services· 17.6x EBITDA Medical Devices· 13.7x EBITDA Metal Fabrication· 3.54x EBITDA Oil Gas Services· 4.99x EBITDA Other· 17.02x EBITDA Other Healthcare· 11.5x EBITDA Other Manufacturing· 12.7x EBITDA Other Professional Services· 7.21x EBITDA Other Technology· 22.88x EBITDA SaaS· 31.3x EBITDA Trucking· 5.96x EBITDA Wholesale Distribution· 9.52x EBITDA

Data sourced from 38 disclosed Industrial Equipment M&A transactions in 2023. Aggregations: median (p50), p25, p75. Quality gate: n ≥ 10 deals per (vertical x year) cell. Data generated 2026-05-26.Full methodology →