Plumbing PE multiples and valuation benchmarks for 2026

GF Data reports NAICS 238 Specialty Trade Contractor TEV/EBITDA averages of 5.7x at $10-25M TEV, 6.1x at $25-50M, 7.1x at $50-100M, and 8.2x at $100-500M. Platform-level recapitalizations price materially higher, with Champions Group at ~18.5x and Sila Services at ~17x-20x.

“GF Data, NAICS 238 Specialty Trade Contractor TEV/EBITDA averages run 5.7x at $10-25M TEV, 6.1x at $25-50M, 7.1x at $50-100M, and 8.2x at $100-500M, with a cohort total of 6.3x at 18-20% EBITDA margins. Platform-level recapitalizations price materially higher: press reports valued Champions Group’s February 2026 sale to Blackstone at approximately $2.5B on roughly $140M LTM EBITDA, implying around 18.5x [Mergersight / HomePros]; Sila Services’ November 2024 sale to Goldman Sachs Alternatives was reported at approximately $1.7B on EBITDA “just under $100M,” implying roughly 17x-20x [HomePros, citing sources familiar].”

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