Sector file
Manufacturing: the sector file
268 recorded Manufacturing transactions, 2014-10 to 2025-07, bought by 206 named acquirers. Median EV/EBITDA 8.2x (n=30); median EV/Revenue 1.4x (n=89); median deal value $111m (n=268).
Sector file 6 of 42. From our archive of deals 2014-09-02 to 2025-07-01; published 2026-11-11. Archive statistics, not new transactions.
What the disclosed deals priced at
Every figure comes from recorded transactions with a disclosed deal value between $1m and $1bn. Most deals close without a published multiple, so each median states how many deals it rests on, and a median resting on fewer than 5 deals is withheld.
| Measure | Median | Middle half (IQR) | Deals behind it |
|---|---|---|---|
| EV/EBITDA | 8.2x | 6.8x to 9.9x | 30 |
| EV/Revenue | 1.4x | 0.8x to 1.9x | 89 |
| Deal value | $111m | $31.2m to $291m | 268 |
By size
Across the bands where the collection window does not bind, the median EV/EBITDA runs from 8.9x at $3m to $10m (n=10) to 8.7x at $10m to $30m (n=12). Deals above $1bn and below $1m were never collected. That bends multiples down for the largest companies and up for the smallest, so the size effect is read only between $1m and $30m of EBITDA, where neither limit binds.
| Implied EBITDA | Median EV/EBITDA | IQR | Deals | Note |
|---|---|---|---|---|
| Under $1m EBITDA | withheld | n/a | 1 | limited by the $1m deal floor; not comparable |
| $1m to $3m EBITDA | withheld | n/a | 3 | |
| $3m to $10m EBITDA | 8.9x | 7.6x to 11.0x | 10 | |
| $10m to $30m EBITDA | 8.7x | 6.2x to 9.7x | 12 | |
| $30m EBITDA and over | withheld | n/a | 4 | limited by the $1bn deal ceiling; not comparable |
Most active acquirers
| Acquirer | Deals in this sector |
|---|---|
| IDEX | 8 |
| Patrick | 8 |
| Worthington Enterprises | 5 |
| IMI | 4 |
| IR | 4 |
| Jason | 3 |
| Kadant | 3 |
| Live Ventures | 3 |
| Snap-on | 3 |
| Standex | 3 |
Deals by year
| Year | Deals |
|---|---|
| 2014 | 8 |
| 2015 | 19 |
| 2016 | 21 |
| 2017 | 28 |
| 2018 | 24 |
| 2019 | 28 |
| 2020 | 18 |
| 2021 | 39 |
| 2022 | 20 |
| 2023 | 28 |
| 2024 | 23 |
| 2025 | 12 |
Most recent deals with a disclosed multiple
| Date | Target | Acquirer | Value | EV/EBITDA | EV/Revenue |
|---|---|---|---|---|---|
| 2025-06-19 | Elgen | Worthington Enterprises | $93.0m | 7.0x | 0.8x |
| 2024-10-21 | EWP | Insteel Industries | $70.0m | n/d | 0.8x |
| 2024-09-18 | GO Engineering | Concentric | $31.5m | 9.9x | 0.8x |
| 2024-07-01 | AJR Enterprises | UFP Technologies | $110m | 6.0x | 1.5x |
| 2024-06-11 | FemtoTools | Oxford Instruments | $17.7m | n/d | 1.6x |
| 2024-03-11 | Ameron | Arcosa | $180m | 9.0x | 1.9x |
| 2024-01-24 | KWS | Kadant | $84.0m | n/d | 1.9x |
| 2023-12-28 | Key Knife | Kadant | $156m | n/d | 2.4x |
| 2023-09-04 | Zeco | Munters AB | $93.5m | n/d | 1.5x |
| 2023-08-21 | Specline | RBC Bearings | $18.7m | n/d | 2.2x |
| 2023-08-07 | Slack & Parr | Hayward Tyler | $7.5m | n/d | 0.4x |
| 2023-06-19 | Flex Composite Group | Michelin | $789m | n/d | 3.5x |
Every recorded deal in this sector, with its acquirer
Source: the FairlyValued comparables archive (recorded transactions with a disclosed deal value), plus deals added from public SEC filings where linked. Built by a fixed script from the stored figures; no figure is estimated or filled in.