RL Hulett：2025年第二季度全球工业领域并购市场研究报告（英文版）

In Q2, the S&P 500 Industrials Index increased by 10.2% and outperformed a 10.1% increase in the S&P 500 over the same period. ▪ The median EV/EBITDA multiple for reported private equity deals decreased to 9.6x through 1H 2025 from 11.0x in 2024, and increased for strategic deals to 14.7x from 8.0x in the prior year. ▪ M&A deal volume in the Industrials sector increased 1.1% in Q2 to 442 deals from 437 deals in Q1, and increased 8.1% from 409 deals in Q2 of the prior year. ▪ As a