Over the last several years, the M&A markets in the U.S. have been fueled by an increased access to capital and improving economic conditions. In general deal multiples for small and mid-market companies have increased since the collapse of the financial markets in 2008. The wild swings seen in public company valuations during boom and bust cycles are not as prevalent with the private companies.
However, it should be noted that company valuation multiples can vary greatly …. (for the full report, download the PDF).