RL Hulett：2026年第一季度全球商业服务领域并购市场研究报告（英文版）

In Q1, the S&P CSE Commercial & Professional Services Index increased by 33.0%, outperforming the S&P 500 which saw a 4.4% decrease over the same period. ▪ The median EV/EBITDA multiple for reported private equity deals in the Business Services sector increased to 13.5x in Q1 from 12.7x in 2025. ▪ M&A deal volume in the sector increased 5.8% in Q1 to 1,077 deals from 1,018 in Q4 2025, and increased 19.3% from 903 in Q1 of the prior year.