IBBA Insights Summer 2025

The Q2 Market Pulse Survey Opens July 1st!

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Get more data and insights by participating in our next Market Pulse Survey. Learn more at ibba.org.

Q1 2025 Highlights

PATH TO OWNERSHIP

Started the Business

Purchased from 3 Party

rd

Inherited

Purchased from Family

Purchased from Employer

60%

23%

8%

5%

4%

‹$500K

$500K-$1M

$1M-$2M

$2M-$5M

$5M-$50M

MARKET SEGMENTS STUDIED

MAIN STREET

LOWER MIDDLE MARKET

‹$500K

$500K-$1M

$1M-$2M

$2M-$5M

$5M-$50M

Seller’s Market Sentiment Q1 2016-2025

SELLER’S MARKET CONFIDENCE

Q1 2016

Q1 2020

Q1 2024

Q1 2018

Q1 2022

Q1 2017

Q1 2021

Q1 2025

Q1 2019

Q1 2023

0%

23%

45%

68%

90%

81%

86%

86%

88%

93%

84%

86%

82%

86%

92%

81%

80%

87%

84%

85%

80%

86%

76%

83%

84%

$1M-$2M

$1M-$2M

$1M-$2M

$5M-$50M

$5M-$50M

$5M-$50M

$500K-$1M

$500K-$1M

$500K-$1M

$2M-$5M

$2M-$5M

$2M-$5M

‹$500K

‹$500K

‹$500K

16%

12%

12%

9%

6%

12%

11%

13%

13%

7%

15%

17%

11%

11%

10%

5%

9%

10%

5%

16%

2.8

2.5

2.5

2.8

2.8

4.4

4.5

3.5

4.3

5.1

4.5