17.0x in Q1 2026 from 4.6x in 2024 (the last year with reported PE EV/EBITDA multiples), while no strategic multiples increased for strategic deals to 3.3x from 1.2x in the prior year. 2025 marks the highest reported median EV/EBITDA multiple for PE buyers over the last 5 years. 2 Only one PE EV/EBITDA multiple was reported in this quarter.
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