Highlights from our Industrials Report:
- M&A momentum remains strong, with over 1,200 transactions completed in 2024. Infrastructure, electrification, and automation continue to be key investment themes.
- Industrial Services led sector performance, with strong demand for outsourced solutions, driving EBITDA multiples up from 12.1x to 14.4x. Private equity-backed consolidation remained a key force.
- Traditional Industrials saw steady M&A activity, maintaining the highest transaction volume among sub-sectors. Stable EBITDA multiples (11.6x) highlight continued investor confidence in manufacturing, utilities, and infrastructure.
- Industrial Technology underperformed when compared to past metrics, with EBITDA multiples declining from 10.5x to 9.6x as Investors prioritized scaling proven technologies over higher-risk innovation.
- The Utilities & Telecom sub-sector is poised for transformation in 2025. Utilities remain attractive due to stable cash flows and sustainability-focused interests, while Telecom faces slower growth, driving interest in more strategic, smaller acquisitions.
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DISCLAIMER This presentation is intended for information and discussion purposes only and does not constitute legal or professional investment advice. Statements of fact and opinions expressed are those of the participants individually and, unless expressly stated to the contrary, are not the opinion or position of Harbor View Advisors, LLC (“HVA”). The information in this presentation was compiled from sources believed to be reliable for informational purposes only. HVA does not endorse or approve, and assumes no responsibility for, the content, accuracy or completeness of the information presented.
