No, we’re seeing a lot of owner’s looking to get out because they are tired and the last three years haven’t been much fun. Employees, interest rates, supply chains, customer demands, etc have all made life more difficult. Flip side is most (outside of our manufacturing clients) are having record years each subsequent year which also has them thinking now is the time to jump.
We aren’t dealing with any fire sales but the vast majority of our client base is family owned entities with valuations from the mid seven figures to mid nine figures. I have one manufacturing client that is looking at selling at equipment value but it’s a stupid number that isn’t far off what his best value was on earnings because of the industry he is in. I have others out on the market now that aren’t getting interest even though everything about them says they are good buys with excellent potential.
Multiples are down from the high point and money is a little more scarce right now, but the market is still moving.