BUYER POOL ANALYSIS
Selling a Electrical to Strategic / Industry buyers
Industry operators, larger competitors, and corporate buyers acquiring for synergies, geographic expansion, or capability fill. Typically pays a premium for clear strategic fit but discounts for integration cost and overlap.
Quick answers
- What multiple does this buyer pool pay?
- Median EV/EBITDA 9.3x across 8 disclosed deals (P25: 7.85x, P75: 10.38x). Median EV/Revenue 0.72x across 11 deals. Median deal value: $600M.
- How many disclosed transactions?
- 11 deals total (11 from 2018+), filtered to Strategic / Industry acquirers of electrical businesses.
- Most active buyers
- Quanta Services (3) · MasTec, Inc. (2) · MYR Group, Inc. (2) · Elevate Service Group (1) · Primoris Services Corporation (1) · Dycom Industries (1)
Recent disclosed deals
Strategic / Industry acquisitions of electrical businesses with named target, named acquirer, and disclosed financials.
| Year | Target | Acquirer | EV | EV/EBITDA | EV/Rev |
|---|---|---|---|---|---|
| 2026 | Charged Electric Services Ltd. | Elevate Service Group | $1.5M | 1.7x | 0.28x |
| 2026 | PayneCrest Electric, Inc. | Primoris Services Corporation | $422.0M | 10.6x | 1.17x |
| 2025 | Power Solutions, LLC | Dycom Industries | $1950.0M | 9.7x | 1.95x |
| 2025 | Miller Electric Company | EMCOR Group | $865.0M | 10.8x | 1.07x |
| 2024 | Cupertino Electric, Inc. | Quanta Services | $1540.0M | 9.3x | 0.72x |
| 2023 | Pennsylvania Transformer Technology LLC | Quanta Services | $300.0M | — | 3.00x |
What this buyer pool prices for
Strategic buyers — operators in adjacent geographies, larger competitors, or corporate consolidators — price for synergies and capability fill. They tend to discount integration cost and overlap risk but pay above market when there's clear strategic fit (key customer relationship, license, geography, technician/professional team). Multiples are competitive with PE for fee-viable deals; below PE for sub-scale acquisitions.
Methodology note
Multiples shown are computed from disclosed M&A transactions in the ExitValue.ai database, filtered to electrical businesses acquired by strategic / industry buyers. EV/EBITDA outliers outside the [0.5x, 60x] band and EV/Revenue outliers outside [0.05x, 25x] are excluded from medians. Where available, post-2018 transactions are weighted; otherwise the all-time sample is used. Deal counts shown reflect deals with disclosed financials only — total transaction count for this buyer pool is typically 2-3x larger. Full methodology
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