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Q4 2025

THE DEAL LEDGER: Q4 2025

Looking Ahead to 2026

Q4 2025 M&A market recap and 2026 outlook. Buyer expectations, private equity trends, and what business owners should know.

THE DEAL LEDGER: Q4 2025. Cover: Q4 2025 M&A market recap and 2026 outlookTHE DEAL LEDGER: Q4 2025. Q4 2025 deal flow and transaction volume across the lower middle marketTHE DEAL LEDGER: Q4 2025. Valuation multiples by sector for Q4 2025THE DEAL LEDGER: Q4 2025. Private equity activity and buyer expectations heading into 2026THE DEAL LEDGER: Q4 2025. What business owners should know before going to market in 2026