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General

Cash At Close Q1 2014-2024

Cash at close includes senior debt and buyer equity. Seller financing accounted for 15%-17% or more of most deals in Q4 2024. For deals valued between $5 million to $50 million, earnouts (6%) and retained equity (3%) also played a meaningful role in financing.

Desert Foothills Leadership Academy

At the Desert Foothills Leadership Academy, today we focused on governance- and heard from our city and town leaders! Thank you to: Nate Young CIO Recorder and Elections Office of Maricopa County, Jim Thompson City Manager City of Scottsdale, Mayor bob Morris of Cave Creek, and Mayor John Crane of Carefree.

Seller’s Market Sentiment Q1 2014-2024

Advisors reported an uptick in seller confidence, although still well off previous peaks. (A seller’smarket occurs when demand exceeds supply. In a seller’s market, buyers compete in order to windeals. This typically translates to increased values and more favorable deal terms for the seller.)

Average Multiples By Deal Size 2021-2024

Multiples remained consistent across the Main Street market. Meanwhile, advisors reported a meaningful increase in multiples (up a half percentage point or better, year over year) in the Lower Middle Market.