Highlights from the report:
- Industrial M&A accelerated in Q2 2026, with 818 deals announced across our subsectors — 213 Industrial Technology, 198 Industrial Services, and 407 Traditional Industrials — the highest quarterly total since early 2022.
- Across our key sub-sectors of focus, we note the following:
- Industrial Services remained the standout, with public equities up ~87% YoY, 4X stronger than S&P 500 index, as investors favor recurring-revenue businesses tied to infrastructure and data center buildouts.
- Traditional Industrials showed the strongest momentum of the three subsectors, with median public company EBITDA multiples jumping from 12.4X to 17.9X. Volume also accelerated, with 407 closed transactions in Q2, the highest quarterly total across all subsectors, fueled by reshoring, power demand, and scaled manufacturing tailwinds.
- Industrial Technology saw sustained demand for automation, technology-enabled solutions, and IIoT/robotics, as deal count rose 23% YoY to 213 in Q2.
- Financing activity strengthened sharply, reaching $22.4B in H1 2026, up ~72% YoY, as investors chase these tailwinds.
- Looking ahead, we expect these trends to continue as rising valuations and a jump in funding bode well for deal activity.
DISCLAIMER This presentation is intended for information and discussion purposes only and does not constitute legal or professional investment advice. Statements of fact and opinions expressed are those of the participants individually and, unless expressly stated to the contrary, are not the opinion or position of Harbor View Advisors, LLC (“HVA”). The information in this presentation was compiled from sources believed to be reliable for informational purposes only. HVA does not endorse or approve, and assumes no responsibility for the content, accuracy or completeness of the information presented.
