M&A multiples by industry

Distribution & Logistics M&A valuation multiples

Lower-middle-market distribution & logistics companies have sold for a median 7.0× trailing EBITDA. The middle half of the 29 sourced transactions fall between 5.5× and 8.3×; data as of October 2026.

Median EV/EBITDA
7.0×
Middle half
5.5× – 8.3×
Median EV/Revenue
0.7×
Transactions
29

Quartiles

Measurep25 – median – p75n
EV/EBITDA5.5× – 7.0× – 8.3×29
EV/Revenue0.5× – 0.7× – 0.9×23

Trailing multiples of enterprise value, targets at or below $25M of EBITDA, sourced transactions only, deals from 2018–2025. The database tracks 171 sourced distribution & logistics transactions at every size; only those that disclose a multiple and fall in the band are counted here. Figures from fewer than 8 transactions are withheld.

By niche

Peer groups inside the sector with enough disclosed deals to publish. A niche can overlap the sector’s other groups.

NicheEV/EBITDA p25 – median – p75n
Wholesale distribution5.4× – 7.0× – 7.8×20
Trucking and logistics5.3× – 5.8× – 8.3×10

By company size

Smaller companies usually trade at lower multiples. Where both halves of the band have enough deals, they are shown separately. Why multiples differ by size.

Size bandEV/EBITDA p25 – median – p75n
Targets with EBITDA up to $5M6.0× – 7.1× – 8.1×10
Targets with EBITDA of $5M to $25M5.0× – 7.0× – 8.4×19

Recent transactions in the sample

The most recent disclosed deals behind the figures above, each linked to its source.

TargetAcquirerYearEV/EBITDA
Douglas Stewart Software & Services, LLCClimb Global Solutions, Inc.20243.8×
PFSweb, Inc.GXO Logistics, Inc.202311.8×
J.J. O'Connor & Sons Pty. Ltd. (O'Connors)Titan Machinery Inc. (Nasdaq:TITN)20232.9×
Lew Thompson & Son Trucking, Inc.Covenant Logistics Group, Inc. (Nasdaq:CVLG)20235.2×
FleetNet AmericaCox Automotive (Cox Enterprises)202313.0×
Vandermeer Forest ProductsBlueLinx Holdings Inc. (NYSE:BXC)20223.3×
Metropolitan Trucking, Inc.P.A.M. Transportation Services, Inc. (Nasdaq:PTSI)20223.5×

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This valuation guidance is an educational estimate generated from publicly sourced comparable-transaction data and standard methodologies. It is not an appraisal, a fairness opinion, or investment, legal, or tax advice, and it does not predict the price any buyer will pay. Actual outcomes depend on diligence, market conditions, and negotiation. Consult your own advisors before making decisions.

Citing a figure?

This page updates as deals are added. The fixed 2026-Q4 snapshot recorded a median of 7.0× for Distribution & Logistics (n=28) and will not change. Cite the 2026-Q4 snapshot.

Other industries

How these figures are built: methodology.