These are the primary sources behind the facts on TradeExit Guide.
- BizBuySell Insight Report (quarterly) + industry valuation pages - median sale price, SDE/revenue multiples, days on market by industry
- IBBA / M&A Source / Pepperdine Market Pulse Survey - multiples by deal-size tier, deal structure %, time to close
- Pepperdine Private Capital Markets Report - EBITDA multiples by size, cost of capital
- Census County Business Patterns / SUSB - establishment counts per trade (NAICS) nationally and by state
- Census Annual Business Survey (owner age) - share of owners 55+ by industry (the “silver tsunami” stat per trade)
- CT Acquisitions PE platform data (Brandon) - ~70 HVAC/plumbing/pest/roofing platforms for /buyers/ tables
- Platform + sponsor press releases (PR Newswire, Business Wire, sponsor portfolio pages) - acquirer profiles, deal dates
- SBA SOP 50 10 8 - seller note standby, equity injection, change-of-ownership rules
- IRS Pub 544, Form 8594 instructions, Topic 409 - asset class allocation, recapture, LTCG, installment sales
- Tax Foundation state individual income tax rates - state tax on gain for calculator + state pages
- State DOR / successor-liability & bulk sale statutes; state real estate commissions - state pages: clearance certificates, broker licensing
- ADA Health Policy Institute; AVMA economic reports - dental/vet practice economics, DSO/corporate share
- CMS Change of Ownership (CHOW) guidance - home health, PT, medical sell pages
- Public company filings (Rollins, Rentokil, Mars/NVA disclosures where public) - strategic acquirer activity, acquisition counts
- Anticimex - EQT announces longer-hold strategy with Anticimex as first investment
- Anticimex - Acquires SafeHaven, Abby’s and Metro Guard to enter Texas
- Apex Service Partners - Alpine Investors launches Apex with Frank Gay Services and Best Home S
- Apex Service Partners - Alpine closes $3.4B single-asset continuation transaction for Apex; Al
- Apex Service Partners - Apex acquires Frontier Service Partners from Imperial Capital
- Apex Service Partners - Apollo funds agree to acquire a minority stake; Alpine makes an additi
- Authority Brands - Apax funds acquire Authority Brands from PNC Riverarch Capital
- Authority Brands - Agreement to acquire Clockwork (One Hour, Benjamin Franklin, Mister Sp
- Authority Brands - BCI acquires a significant minority stake; Apax funds keep majority
- Authority Brands - 2025 results: 246 new franchise owners, 340 new territories; 15 brands
- Heartland Dental - KKR agrees to acquire a majority interest from Ontario Teachers’
- Heartland Dental - Heartland Dental and KKR finalize the majority interest deal
- Heartland Dental - 2025 growth release: 33 affiliations plus 60 practices via Smile Desig
- Mission Pet Health - Shore Capital announces investment in a veterinary services platform (
- Mission Pet Health - Bloomberg reports Shore Capital and Silver Lake in talks over an $8.6B
- Mission Pet Health - Shore Capital portfolio page lists Mission Pet Health investment date
- Mission Pet Health - Southern Veterinary Partners and Mission Veterinary Partners announce
- Rentokil Terminix - Completes acquisition of Terminix
- Rentokil Terminix - 2025 preliminary results: 36 bolt-ons for $115M; 12 in North America
- Sila Services - Morgan Stanley Capital Partners invests
- Sila Services - Goldman Sachs Alternatives to acquire majority stake from MSCP
- Sila Services - Acquires Sullivan Super Service (Pittsburgh, PA)
- Sila Services - Acquires Live Free Heating, Cooling & Electric (Concord, NH)
- Sila Services - Acquires Oxford Plumbing & Heating (Chester County, PA)
- Sila Services - Acquires NEOH, a five-company Ohio group
- Thrive Pet Healthcare - Pathway Vet Alliance becomes Thrive Pet Healthcare
- Thrive Pet Healthcare - Secures new financing providing $350M+ of enhanced liquidity
- TurnPoint Services - Trivest invests in Dauenhauer Heating & Air, the foundation of TurnPoi
- TurnPoint Services - OMERS Private Equity acquires TurnPoint from Trivest (17 brands, 720+
- TurnPoint Services - Trade press reports 21 acquisitions completed in 2021
- Wrench Group - Investcorp majority investment (about $150M 2015 revenue, four metros)
- Wrench Group - TSG Consumer Partners and Oak Hill minority investment; Leonard Green
- Business Brokerage Press - Business broker state licensing
- Tax Foundation - 2026 State Individual Income Tax Rates and Brackets
- Empire Flippers - Sell your online business (fees and requirements)
- Flippa - Pricing
- California B&P Code 10030 - Business opportunity
- California B&P Code 10131 - Real estate broker
- A.R.S. 32-2101 - Definitions (Arizona Legislature)
- C.R.S. 12-10-201 - Definitions (Colorado real estate brokers)
- RCW 18.85.011 - Definitions
- Washington DOR - Capital gains tax
- ORS 696.010 - Definitions (Oregon real estate)
- City of Portland Revenue Division - Personal income tax (Metro SHS and Preschool for All)
- City of Portland - Uniform administration of Metro and Multnomah County personal income taxes
- NRS 645.030 - “Real estate broker” defined
- Illinois Business Brokers Act of 1995 (815 ILCS 307)
- Illinois Secretary of State Securities Department - Business Brokers
- Georgia Real Estate Commission rules, Chapter 520-1 (Licensure and brokerage)
- Florida Statutes 475.01 - Definitions
- Mass.gov - Massachusetts 4% surtax on taxable income
- Minnesota Statutes 82.55 - Definitions
- Michigan Public Act 122 of 2024 (MCL 339.2501 definitions)
- Ohio Revised Code 718.01 - Municipal income tax definitions
- City of Cincinnati - Income tax ordinance
- Missouri DOR - Missouri first state to fully exempt capital gains tax
- Comptroller of Maryland - Technical Bulletin 58 (capital gains surtax)
- NYC Business - Unincorporated Business Tax (UBT)
- NYC Administrative Code Title 11, Chapter 5 - Unincorporated business income tax
- Idaho Code 54-2004 - Definitions (Idaho Legislature)
- Idaho State Tax Commission - Capital gains deduction
- NMSA 7-2-34 - Capital gains deduction
- NM Legislature - HB 252 (2024) fiscal impact report
- A.R.S. 42-1110 - Successor liability for tax
- Arizona Department of Revenue - Business
- Arkansas DFA - 2025 AR1000D capital gains schedule
- CDTFA - Revenue and Taxation Code 6811
- CDTFA - Revenue and Taxation Code 6812
- California B&P Code 16601 (FindLaw)
- California CSLB - Change in business entity
- Florida Statutes 213.758 - Transfer of tax liabilities
- Florida Statutes 542.335 - Valid restraints of trade
- Florida Statutes 482.071
- Tax Foundation of Hawaii - Individual income tax (HRS ch. 235)
- Iowa DOR - Capital gain deduction for certain business / farm assets
- MCA 15-30-2103 - Rate of tax, net long-term capital gains
- Neb. Rev. Stat. 81-885.01 - Terms defined
- N.J.S.A. 45:15-1 - License required
- NJ Division of Taxation - Bulk sale notification FAQ
- NJ Division of Taxation - Reporting a bulk sale
- NY Department of Taxation and Finance - Bulk sales
- North Dakota Century Code ch. 57-38 (income tax)
- Oklahoma Tax Commission - Form 561, Oklahoma capital gain deduction
- S.C. Code 12-6-1150 - Net capital gain deduction
- South Dakota Real Estate License Laws (SDCL 36-21A), Dept. of Labor & Regulation
- Utah Code 61-2f-102 - Definitions
- Vermont Department of Taxes - Taxable income (capital gains exclusion)
- Wis. Stat. 452.01 - Definitions
- Wisconsin DOR Pub. 103 - Reporting capital gains and losses
- Grant Thornton Advisors - primary source
- Baker Tilly - primary source
- Citrin Cooperman - primary source
- Aprio - primary source
- EisnerAmper - primary source
- Ascend - primary source
- MB2 Dental - primary source
- Dental Care Alliance - primary source
- The Aspen Group (Aspen Dental) - primary source
- PDS Health (Pacific Dental Services) - primary source
- Smile Brands - primary source
- Sonrava Health (Western Dental) - primary source
- Dental365 - primary source
- Chord Specialty Dental Partners - primary source
- PepperPointe Partnerships - primary source
- Mortenson Dental Partners - primary source
- FOCUS Investment Banking - Dental practice EBITDA multiples 2026
- DDSmatch - How to value a dental office before selling (2025-06)
- TurnPoint Services - primary source
- Heartland Home Services - primary source
- Legacy Service Partners - primary source
- Redwood Services - primary source
- Seacoast Service Partners - primary source
- Rollins (Orkin and others) - primary source
- Certus Pest - primary source
- Arrow Exterminators - primary source
- Vertex Service Partners - primary source
- Infinity Home Services - primary source
- Omnia Exterior Solutions - primary source
- Skyline Roofing Partners - primary source
- Leaf Home (with Erie Home) - primary source
- Tecta America - primary source
- Roofing Corp of America (FirstService Roofing) - primary source
- BrightView - primary source
- Yellowstone Landscape - primary source
- Juniper Landscaping - primary source
- SavATree - primary source
- Verde Equity Partners companies - primary source
- Orion Group - primary source
- BMI Mergers & Acquisitions - Construction industry valuations and EBITDA multiples (2024-12)
- Sofer Advisors - How much is a plumbing business worth (2026-06)
- Breakwater M&A - Pest control company valuation multiples 2026
- Profitability Partners - Roofing company valuation (2026-06)
- Livingstone Partners - Commercial landscaping: private equity activity and valuation (2024-11)
- Capstone Partners - HVAC services M&A update (2026-07)
- Arthur J. Gallagher - primary source
- Brown & Brown - primary source
- HUB International - primary source
- Acrisure - primary source
- BroadStreet Partners - primary source
- GI Alliance - primary source
- OneOncology - primary source
- U.S. Dermatology Partners - primary source
- U.S. Anesthesia Partners - primary source
- Restaurant Brands International (Burger King) - primary source
- Flynn Group - primary source
- BizBuySell Valuation Benchmarks - Restaurants
- AXIA Advisors - Private equity in roofing (2025-03)
- Mars Veterinary Health (VCA, Banfield, BluePearl) - primary source
- NVA (National Veterinary Associates) - primary source
- PetVet Care Centers - primary source
- Rarebreed Veterinary Partners - primary source
- Sofer Advisors - Veterinary practice valuation methods and multiples (2026-04)
- DVM Elite - The role of EBITDA in selling your veterinary practice
- Today’s Veterinary Business - Veterinary consolidation (2023-11)
- BizBuySell Valuation Benchmarks - Dental Practice
- BizBuySell - Business valuation multiples by industry (sold Q3 2021-Q2 2026)
- BizBuySell Insight Report data tables (FY2025 closed transactions by industry)
- Dental Economics - How to know what your practice is really worth (2025-09)
- Texas Occupations Code 251.003 - practice of dentistry includes owning a dental office
- 21 CFR 1301.52 - DEA registration transfer rules (eCFR)
- 45 CFR 164.501 - HIPAA definition of health care operations (eCFR)
- SBA SOP 50 10 8 key changes (Whiteford client alert)
- LRM Lender Consultants - SBA change of ownership under SOP 50 10 8.1
- BizBuySell Valuation Benchmarks - Medical Practice
- California Business and Professions Code 2400 - corporations have no professional rights (medicine)
- 42 CFR 424.550 - Medicare billing privileges and changes of ownership (eCFR)
- California Business and Professions Code 4853 - veterinary premises registration
- California B&P Code 24074 - Transfer of licenses, escrow
- BizBuySell Valuation Benchmarks - Insurance Agency
- NAIC Uniform Application for Business Entity License (designated responsible licensed producer)
- BizBuySell Valuation Benchmarks - Accounting & Tax Practice
- NASBA/AICPA Uniform Accountancy Act, 9th edition (firm ownership, Section 7)
- 26 CFR 301.7216-2 - permitted disclosures of tax return information (incl. sale of a practice)
- BizBuySell Valuation Benchmarks - HVAC
- BizBuySell Valuation Benchmarks - Plumbing
- BizBuySell Valuation Benchmarks - Pest Control
- BizBuySell Valuation Benchmarks - Construction (all building & construction)
- BizBuySell Valuation Benchmarks - Electrical & Mechanical Contractor
- BMI Mergers & Acquisitions - Electrical contractors 2024 recap (citing GF Data)
- BizBuySell Valuation Benchmarks - Landscaping & Yard Service
- IRS Topic 409 - Capital gains and losses
- QuickRead - SBA SOP 50 10 8 valuation guidance for 7(a) loans
- SBA Information Notice 5000-880695 - Issuance of SOP 50 10 8.1 (effective Oct 1, 2026)
- ADA Health Policy Institute - Dental practice research
- ADA News - Practice modality by the numbers (HPI data)
- IRS Publication 537 - Installment sales
- 26 U.S. Code 1042 - Sales of stock to employee stock ownership plans (Cornell LII)
- IBBA / M&A Source / Pepperdine Market Pulse, Q2 2026 highlights
- 26 U.S.C. 1202 - Partial exclusion for gain from certain small business stock (Cornell LII)
- The Tax Adviser (AICPA) - QSBS gets a makeover: Sec. 1202 after OBBBA (Nov 2025)
- Baker Tilly - Changes to section 1202 in the One Big Beautiful Bill Act
- ACHR News - Why some HVAC contractors are rejecting private equity offers (citing Capstone Partners)
- BizBuySell Valuation Benchmarks - Pharmacy
- BizBuySell Valuation Benchmarks - Car Wash
- BizBuySell Valuation Benchmarks - Laundromats & Coin Laundry
- BizBuySell Valuation Benchmarks - Trucking Company
- BizBuySell Valuation Benchmarks - Funeral Home
- Capstone Partners - Construction services M&A update (2026-02)
- The Foresight Companies - Tracking your business worth (2024-11)
- Peak Business Valuation - Valuation multiples for a funeral home
- Texas State Board of Pharmacy - change of ownership instructions
- Federal Register - EPA recognizes ASTM E1527-21 for All Appropriate Inquiries
- FMCSA - Can I sell my USDOT# or MC# (operating authority)?
- 22 Tex. Admin. Code 203.9 - licensure of funeral establishments (change of ownership)
- IRS Rev. Proc. 2025-32 (2026 inflation adjustments)
- IRS Topic 559 - Net investment income tax
- Transworld Franchise - Our story
- Sunbelt Business Brokers - About the franchise
- First Choice Business Brokers - Office locations
- First Choice Business Brokers Las Vegas - About Jeff and Linda Nyman
- Murphy Business - About Murphy
- VR Business Brokers - Home
- Franchising.com - VR Business Brokers franchise overview
- Website Closers - Franchise
- Empire Flippers - About us
- Quiet Light - About
- Quiet Light - Sell
- FE International - About us
- FE International - Sell your business
- CoStar Group - BizBuySell brand page
- BizBuySell - About us
- Flippa - Meet Flippa’s founders
- Viking Mergers & Acquisitions - About us
- Calhoun Companies - About us
- Benchmark International - About
- Generational Group - Our story
- We Sell Restaurants - Our story
- Synergy Business Brokers - About us
- Raincatcher - About us
- BizBuySell news - LoopNet acquires BizQuest
- BizQuest - Home
- FTC - Funeral Rule (16 CFR Part 453)
- US EPA - Section 608 technician certification