Sectors · Industry expertise

We know your industry — and its buyers.

M&A is not industry generalism. Across our sectors we pool real transaction data, valuation benchmarks and a mapped buyer network — so you know what your company is worth and who would buy it.

29
Sectors with a dedicated deal team
50+
Completed transactions
2,500
Active buyers in the network
Ø 5.7×
EV / EBITDA in the Mittelstand
All sectorsAs of Q2 2026

Industrials & Manufacturing

Machinery & plant engineering, manufacturing, suppliers — IP, order backlog and production depth drive value.

Avg. EV/EBITDA
6,1×
Active buyers
380
View sector

Software, IT & Technology

SaaS, IT services, managed services — recurring revenue drives the highest multiples in the Mittelstand.

Avg. EV/EBITDA
8,2×
Active buyers
420
View sector

Business Services

B2B services, maintenance, facility, consulting — recurring revenue in an actively consolidating market.

Avg. EV/EBITDA
5,9×
Active buyers
310
View sector

Healthcare

Care services, practices, medical technology, labs — demographics-driven growth and predictable cash flows.

Avg. EV/EBITDA
6,9×
Active buyers
240
View sector

Consumer Goods & Internet

Brands, D2C, e-commerce, wholesale — margin, brand strength and channel mix decide the price.

Avg. EV/EBITDA
4,9×
Active buyers
260
View sector

Energy & Infrastructure

Renewables, utilities, energy services — long-term, predictable earnings in a growth market.

Avg. EV/EBITDA
6,6×
Active buyers
190
View sector

Telecommunications & IT Infrastructure

Carriers, data centres, managed service providers — critical infrastructure with contracted revenue.

Avg. EV/EBITDA
7,1×
Active buyers
View sector

Chemicals & Pharma

Specialty chemicals, active ingredients, contract manufacturing — regulated markets with high entry barriers.

Avg. EV/EBITDA
7,2×
Active buyers
View sector

Environmental & Waste Management

Recycling, waste management, water, remediation — the circular economy on a municipal contract base.

Avg. EV/EBITDA
7,3×
Active buyers
View sector

Financial Services

Insurance brokers, financial distribution, fintech — recurring book revenue with high predictability.

Avg. EV/EBITDA
7,2×
Active buyers
View sector

Real Estate & Development

Property management, holdings, development — recurring management fees are valued far above project gains.

Avg. EV/EBITDA
5,6×
Active buyers
View sector

Logistics & Transport

Freight forwarding, contract logistics, warehousing — networks and customer contracts count for more than truck fleets.

Avg. EV/EBITDA
5,7×
Active buyers
View sector

Hospitality

Hotels, branded restaurant groups, catering — locations, concepts and staff structures set the price.

Avg. EV/EBITDA
5,9×
Active buyers
View sector

Security & Protection

Security services, fire protection, security technology — standing engagements with high client retention.

Avg. EV/EBITDA
5,9×
Active buyers
View sector

E-Commerce

Online retail, D2C brands, marketplace sellers — unit economics and channel independence decide.

Avg. EV/EBITDA
5,8×
Active buyers
View sector

Agriculture & Forestry

Agricultural operations, forestry, agritech — asset value meets long-term-minded buyers.

Avg. EV/EBITDA
5,0×
Active buyers
View sector

Media & Creative Industries

Agencies, production, publishing, gaming — retainer share and client retention beat project glamour.

Avg. EV/EBITDA
5,4×
Active buyers
View sector

Mobility & Transit

Public-transport operators, fleet operators, traffic services — concession-driven predictability.

Avg. EV/EBITDA
5,6×
Active buyers
View sector

Legal, Tax & Audit

Tax firms, audit practices, legal advisory — client retention as the valued asset.

Avg. EV/EBITDA
5,6×
Active buyers
View sector

Wholesale & Distribution

B2B trading, import, specialist distribution — assortment depth and supplier ties count.

Avg. EV/EBITDA
4,9×
Active buyers
View sector

Education & Training

Private education providers, professional training, e-learning — certified programmes with predictable participant flows.

Avg. EV/EBITDA
5,4×
Active buyers
View sector

Veterinary & Pet Care

Veterinary practices, animal health, pet food — emotional demand, professional consolidation.

Avg. EV/EBITDA
5,3×
Active buyers
View sector

Construction & Trades

Specialist construction, building technology, fit-out — order backlog and skilled workers are the real substance.

Avg. EV/EBITDA
4,9×
Active buyers
View sector

Automotive

Suppliers, aftermarket, retail & service — transformation creates risks and targeted buyers.

Avg. EV/EBITDA
4,6×
Active buyers
View sector

Retail

Specialist retail, branch concepts, stationary & hybrid — locations, leases and customer loyalty decide.

Avg. EV/EBITDA
4,2×
Active buyers
View sector

Skilled Trades

Electrical, plumbing & HVAC, roofing — the succession market with the strongest buyer interest in teams.

Avg. EV/EBITDA
4,4×
Active buyers
View sector

Beauty & Wellness

Studios, cosmetics, fitness — recurring memberships and brand loyalty count.

Avg. EV/EBITDA
4,1×
Active buyers
View sector

Events & Live Industry

Event, trade-fair and production services — framework agreements smooth the project business.

Avg. EV/EBITDA
4,7×
Active buyers
View sector

Funeral Services

Funeral homes and cemetery services — a dignified market with stable demand and active consolidators.

Avg. EV/EBITDA
5,0×
Active buyers
View sector
Multiples benchmarkEV / EBITDA · DACH Mittelstand

What industries cost today.

Median and typical range of the EV/EBITDA multiple per sector — from completed and observed transactions. The specific value depends on the size, growth and quality of your company.

Software, IT & Technology
8.2×
Environmental & Waste Management
7.3×
Chemicals & Pharma
7.2×
Financial Services
7.2×
Telecommunications & IT Infrastructure
7.1×
Healthcare
6.9×
Energy & Infrastructure
6.6×
Industrials & Manufacturing
6.1×
Business Services
5.9×
Hospitality
5.9×
Security & Protection
5.9×
E-Commerce
5.8×
Logistics & Transport
5.7×
Real Estate & Development
5.6×
Mobility & Transit
5.6×
Legal, Tax & Audit
5.6×
Media & Creative Industries
5.4×
Education & Training
5.4×
Veterinary & Pet Care
5.3×
Agriculture & Forestry
5.0×
Funeral Services
5.0×
Consumer Goods & Internet
4.9×
Wholesale & Distribution
4.9×
Construction & Trades
4.9×
Events & Live Industry
4.7×
Automotive
4.6×
Skilled Trades
4.4×
Retail
4.2×
Beauty & Wellness
4.1×
2.5×7.5×10×

Light marker = typical range (25th–75th percentile). Source: CARL market monitor Q2 2026.

Why sector depth mattersThree advantages

Industry knowledge that shows up in the price.

Buyer network per industry

2,500 buyers — mapped by sector, size and strategy. We know who is currently buying in your industry and approach precisely the few right ones.

Multiples from real deals

Our benchmarks are built on actually completed transactions in the DACH Mittelstand — no estimates, no shop-window figures.

Sector deal team

Advisors who know your industry, its metrics and its buyers from dozens of mandates — from the first conversation to closing.

Not sure where you fit?

Many companies span several industries. In a 15-minute conversation we position your company, name the relevant range and the active buyers — free and confidential.