Among disclosed IT Services M&A transactions in Q1 2026, deal sizes ranged from $2.2 million to $726 million, with a median deal size of $10 million. Valuations remained measured, with a median EV/S multiple of 0.7x, ranging from 0.1x to 10.6x, while public peers traded at 1.07x EV/S and 9.6x EV/EBITDA.
At the subsector level, Contract Manufacturing & Design posted the highest representative exit revenue multiple at 10.6x, followed by Software Development at 3.4x and Technology & Management Consulting at 1.8x, highlighting stronger buyer appetite for differentiated, scalable, and higher-value service