Strategic buyers

Regional strategic buyer

Large national/multinational strategic buyer

Financial buyers

Individual investors

Family generational transfer

Search funds

High net worth/family office

Mid-market private equity

Large private equity

2

5

10

25

50

100

Illustrative enterprise value ($ mil)

Illustrative enterprise value ($ mil)

2

5

10

25

50

100

Strategic buyers

Regional strategic buyer

Large national/multinational strategic buyer

Financial buyers

Individual investors

Family generational transfer

Search funds

High net worth/family office

Mid-market private equity

Large private equity