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M&A Valuations in 2023: Nuances Prevail in Very Interesting Times

With the financial world absorbing the twin pressures of rising interest rates and large-scale bank failures, over 200 AE industry executives and investors gathered in Miami for this year’s Southeast M&A, Strategy, and Innovation Symposium to hear how the machinations of the wider world are affecting valuations in deals across the industry. With deal pricing over the past two years pushed ever higher by strong macro-level drivers that include continued investment by private equity in AE firms, the need for current AE firm owners to transition, and billions of dollars of work flowing from the Infrastructure Investment and Jobs Act, all eyes were on the data to see what nuances the latest and greatest information on valuation in deal-making revealed.

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