Broking multiples in Q3 steady at 12.5x Ebitda: Reagan Consulting
Valuations for high-quality brokers with $3mn to $10mn in revenue held steady in Q3, at around 12.5x Ebitda, Reagan Consulting reported, in line with the trend seen in the first half of the year.
Reagan just finished its 2023 valuation season, in which it valued around 100 private brokers. The firm said equity returns for private brokers have been 16%-17% annually over the last three years.
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