Highlights from our Industrials Report:
- Overall, we see strategy winning over speed, as industry events reflect a market focused on long-term positioning, quality assets, and operational readiness.
- Industrial stocks weren’t immune to the past year’s volatility, but they still only slightly lagged behind the S&P 500.
- We track 3 subsectors: Technology, Services, and Traditional Industrials
- Industrial Technology investors continue to bet on automation, software, and digital infrastructure; however, stocks drifted lower, with the subsector index down 5% YoY.
- Industrial Services companies remain the most attractive within Industrials, however, median public multiples traded down from 14.3X last year to 12.5X EV/EBITDA in Q1 of 2025.
- Traditional Industrials held steady with infrastructure and strategic buyers driving activity—stocks ticked up modestly over the past 12 months.
- Private equity remains a powerful force, with sustained add-on activity and multi-deal buyers actively reshaping platforms across subsectors.
- Q1 Industrials financing was up a surprising 35% YoY to $5.0B—perhaps a harbinger for the year ahead.
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.
