Q1 2026

Q1 2026 Deal Report

Published January 1, 2026

Quarter at a Glance

723
Closed Deals
$1.9B
Total Deal Value
$2.6M
Average Deal Size

Most Active Industries

IndustryDealsAvg Multiple
1HVAC
1284.0x
2Plumbing
923.6x
3Dental Practice
854.9x
4Electrical
713.5x
5Accounting
584.2x

Most Active Markets

1Texas
112 deals
2Florida
94 deals
3California
88 deals
4Georgia
52 deals
5Arizona
48 deals

Key Market Trends

  • Q1 deal volume up 12% year-over-year despite rate uncertainty
  • Home services consolidation accelerating in Sun Belt states
  • Healthcare services valuations stabilizing after 2025 correction
  • Owner demographics driving record seller pipeline
  • Quality of earnings scrutiny increasing deal timeline

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