What EBITDA multiple do industrials & manufacturing companies sell for?

In Bankerly's database of sourced transactions, lower-middle-market industrials & manufacturing companies (targets at or below $25M of EBITDA) sold for a median of 7.5× trailing EBITDA, with the middle half of deals between 6.0× and 10.3×, across 76 transactions (data as of October 2026). Disclosed deals skew larger than a typical owner-run company.

What revenue multiple do industrials & manufacturing companies sell for?

The median EV/Revenue multiple in the same sample is 1.0×, with the middle half between 0.7× and 1.8× across 59 transactions. Buyers of profitable companies usually price on EBITDA; revenue multiples matter most for fast-growing or not-yet-profitable businesses.

Why might my company sell below these medians?

Smaller companies, owner dependence, customer concentration, thin or volatile margins and weak financial records all pull a multiple down. Disclosed transactions are skewed toward larger, better-documented companies, so the quartile range matters more than any single number.

M&A multiples by industry

Industrials & Manufacturing M&A valuation multiples

Lower-middle-market industrials & manufacturing companies have sold for a median 7.5× trailing EBITDA. The middle half of the 76 sourced transactions fall between 6.0× and 10.3×; data as of October 2026.

Median EV/EBITDA: 7.5×
Middle half: 6.0× – 10.3×
Median EV/Revenue: 1.0×
Transactions: 76

Quartiles

Measure	p25 – median – p75	n
EV/EBITDA	6.0× – 7.5× – 10.3×	76
EV/Revenue	0.7× – 1.0× – 1.8×	59

Trailing multiples of enterprise value, targets at or below $25M of EBITDA, sourced transactions only, deals from 2018–2026. The database tracks 416 sourced industrials & manufacturing 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.

Niche	EV/EBITDA p25 – median – p75	n
Precision machining and metal fabrication	6.1× – 7.6× – 8.9×	13

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 band	EV/EBITDA p25 – median – p75	n
Targets with EBITDA up to $5M	5.2× – 7.1× – 8.8×	31
Targets with EBITDA of $5M to $25M	6.2× – 8.5× – 12.0×	45

Recent transactions in the sample

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

Target	Acquirer	Year	EV/EBITDA
Seven Service Center Locations of Kloeckner Metals Corporation	Russel Metals Inc.	2026	5.1×
Accu-Fab, LLC	Mayville Engineering Company, Inc.	2025	10.0×
Advanced Micro Instruments, Inc. (AMI)	Enpro Inc.	2024	13.0×
Mid-States Aluminum Corp.	Mayville Engineering Company, Inc.	2023	6.0×
montratec GmbH	Columbus McKinnon Corporation	2023	13.0×
CyberOptics Corporation	Nordson Corporation	2022	18.5×
Quality Aluminum Products, Inc.	Gibraltar Industries, Inc.	2022	4.7×
Garvey Corporation	Columbus McKinnon Corporation	2021	8.2×
NDC Technologies	Nordson Corporation	2021	12.0×
General Tools & Instruments Company LLC	Worthington Industries, Inc.	2021	7.6×

Estimate a industrials & manufacturing company’s value

The calculator applies these multiples, narrowed to deals near the size you enter, to your revenue and EBITDA. Free, no sign-up.

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.

Selling a industrials & manufacturing company

How to Sell a Manufacturing Business: Valuation Multiples, Buyers, and Process

Citing a figure?

This page updates as deals are added. The fixed 2026-Q4 snapshot recorded a median of 8.1× for Industrials & Manufacturing (n=78) and will not change. Cite the 2026-Q4 snapshot.

Other industries

How these figures are built: methodology.