RL Hulett：2025年第二季度全球环境服务行业并购市场研究报告（英文版）

In Q2, the NYSE Arca Environmental Services Index increased by 7.4%, but was outperformed by a 10.2% increase in the S&P 500 over the same period. ▪ The median EV/EBITDA multiple for reported strategic deals in the Environmental Services sector decreased to 5.5x in 1H from 15.0x in 2024, while no private equity multiples were reported during the period. ▪ M&A deal volume in the sector increased 4.7% in Q2 to 135 deals from 129 in Q1, but decreased 0.7% from 136 deals in Q2 of the prio