Multiples, Debt and Cash Flow

I think a little bit of everything is probably makes the most sense. I'll group these all into one category because they'll feed into each other and explain what I mean. So maybe touching on the first piece of multiples. A lot of the time you see three times E, but they're being quoted for a relatively small business that a search may look to acquire. Those multiples really have been pushed up. It's extremely rare to find deals with that size now. Not impossible, but rare,. Especially in the types of businesses that most searchers are going to be targeting - your B2B service businesses with recurring revenue.