Director at Ankura | Management Consulting | Strategy | Transformation | Project Management | Program Management | Change Management | Veteran | Search Fund Enthusiast
Is the search market saturated? Let’s look at the state of search data - Part 3 of 4. Get alllll the data at: https://lnkd.in/eKZ_8FbS Third! If there is more demand, more people trying to buy similar target types, then in a saturated market you would expect LOIs to be placed on smaller and smaller businesses where there is less competition. In fact, we do see the EBITDA size under LOI trending downwards over time. That being said, there seem to be peaks and valleys in EBITDA size under LOI so this metric may be less conclusive or convincing than others. We’ll call this a draw. Saturated: 1 | Not Saturated: 1 | Draw: 1 #eta #entrepreneurshipthroughacquisition #entrepreneurship #SMB
