Artificial Intelligence Summer Report 2024

Lower Middle Market M&A Deals in 2024

Deal Size ($M)

EV/LTM Revenue

Deal Size ($M)

EV/LTM Revenue

Target

Buyer

Date

Target

Buyer

Date

20-Mar-24

99

NA

11-Apr-24

68

NA

12-Feb-24

98

NA

31-Jan-24

64

NA

02-May-24

79

NA

10-Jun-24

50

29.4X

05-Jan-24

75

NA

01-Jul-24

39

NA

29-Feb-24

70

NA

02-Jul-24

25

3.1x

Source: Pitchbook as of 15 June 2024.

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