Selling a $1M-$25M EBITDA business in New Hampshire in 2026 clears very different multiples by industry. New Hampshire’s no-state-income-tax status, 5% interest and dividends tax phase-out completed 2027, and BET/BPT structure all improve seller after-tax proceeds materially. Named PE-backed and family-office buyers active in NH span technology, manufacturing, healthcare services, and home services. The buyer-paid model closes deals in 60-120 days without seller commission.
Quick Answer
A New Hampshire business sale in 2026 typically takes 60-120 days through a buy-side advisor, compared to 9-12 months through a traditional broker. The buyer (not the seller) pays advisor fees at closing, eliminating the standard 6-12% broker commission. New Hampshire’s state-specific tax environment, regulatory bodies, industry mix, and SBA lending dynamics all materially affect deal structure, timing, and net proceeds — the sections below walk through each.
New Hampshire is one of the more active lower-middle-market states in New England on a per-capita basis. Most deal flow concentrates in the Manchester-Nashua-Salem corridor and is sourced largely from Boston-area PE and family offices (Audax, Berkshire Partners, Great Hill, Riverside, plus numerous Massachusetts and Connecticut independent sponsors). Average deal size in advisory engagements clusters around $5M-$50M enterprise value. Active 2024-2026 sectors include precision manufacturing / aerospace, defense electronics, MSP.
New Hampshire is one of the more active lower-middle-market states in New England on a per-capita basis. Most deal flow concentrates in the Manchester-Nashua-Salem corridor and is sourced largely from Boston-area PE and family offices (Audax, Berkshire Partners, Great Hill, Riverside, plus numerous Massachusetts and Connecticut independent sponsors). Average deal size in advisory engagements clusters around $5M-$50M enterprise value. Active 2024-2026 sectors include precision manufacturing / aerospace, defense electronics, MSP / IT services, HVAC and home-services platforms, specialty distribution, and craft beverage. Documented 2025 example: Micro-Precision Technologies acquired Stellar Manufacturing (Salem, NH-based PCB assembly) in October 2025. Valuations have held at roughly 5-7x EBITDA on quality assets through the 2025 LMM slowdown.
New Hampshire is unusual: there is no broad state personal income tax (the legacy interest-and-dividends tax was fully repealed effective January 1, 2025) and no state sales tax — both real selling points for a relocating buyer or a seller restructuring proceeds.
New Hampshire is unusual: there is no broad state personal income tax (the legacy interest-and-dividends tax was fully repealed effective January 1, 2025) and no state sales tax — both real selling points for a relocating buyer or a seller restructuring proceeds. But every business buyer needs to understand the two state-level business taxes. The Business Profits Tax (BPT) is 7.5% on apportioned net business profits and applies to any organization with more than $109,000 of gross business income (2025 threshold). The Business Enterprise Tax (BET) is a 0.55% tax on a value base of compensation plus interest plus dividends paid, applying above $298,000 in gross receipts or value base. BET paid offsets BPT dollar-for-dollar. The BET rate drops to 0.50% for tax periods ending on or after December 31, 2026. Property taxes are very high — NH funds local government largely from property tax.
Recurring-services vertical in New Hampshire: commercial snow-removal and ice-management has been one of the most actively consolidated service sub-sectors in New Hampshire over the 2024-2026 window, with the BrightView Holdings narrative ( still NYSE: BV — the widely-repeated Goldman Sachs Asset Management take-private DID NOT HAPPEN ; KKR exiting…
Recurring-services vertical in New Hampshire: commercial snow-removal and ice-management has been one of the most actively consolidated service sub-sectors in New Hampshire over the 2024-2026 window, with the BrightView Holdings narrative (still NYSE: BV — the widely-repeated Goldman Sachs Asset Management take-private DID NOT HAPPEN; KKR exiting via secondary offerings; One Rock Capital Partners $500M convertible preferred since Aug 27 2023) anchoring the public strategic tier. PE-backed mega-platforms with active deal posture in New Hampshire: Heartland under Pritzker Private Capital since Dec 14 2023 (27 acquisitions); Schill Grounds Management under TruArc Partners since Jan 13 2026 (31 branches OH/KY/PA/IL/IN/MI + Ontario); Yellowstone Landscape under Harvest Partners majority since Nov 2019 + Neuberger Berman Capital Solutions minority since Dec 2024 (NOT CIVC + Riverside — common attribution error); Mariani Premier Group under CI Capital Partners (25+ partner companies); Monarch Landscape Companies under Audax Private Equity since Apr 1 2022; Outworx Group under Mill Point Capital (largest snow-melter fleet in North America via Tovar Snow Professionals Elgin IL since March 2020); Powerhouse under Lincolnshire Management since 2019; Caliber Service Management under Alpine Investors since July 6 2023; Senske Services under GTCR since Dec 15 2022; Case Facilities Management Solutions under Halifax Group since Jan 2022 (merged with Landscape Effects Property Management early 2024 = 21,000+ sites US + Canada). Mainscape is INDEPENDENT family/management owned ($204.9M 2026 revenue, NOT Bow River Capital). If you operate a commercial snow-removal or landscape+snow integrated business in New Hampshire, the valuation framework, multi-year contract structure, slip-and-fall litigation indemnity, state DOT prequalification, and the named PE / strategic buyer pool are covered in our dedicated guide: sell your snow removal business in New Hampshire.
Biggest healthcare PE roll-up vertical in New Hampshire: Medicare-certified home-health, non-medical home-care, and Medicare hospice has been one of the most aggressively consolidated service sub-sectors in New Hampshire over the 2024-2026 window, with the UnitedHealth Optum acquisition of Amedisys closing August 7-14 2025 ($3.3B after DOJ settlement requiring 164 location divestitures to Pennant Group $146.5M + BrightSpring $239M), the Enhabit / Kinderhook Industries take-private closing May 18 2026 at $1.1B / 10.2x EBITDA, General Atlantic acquiring TEAM Services Group at $3B / 10x EBITDA in April 2026, and Bristol Hospice (Webster Equity) running an active March 2026 auction marketed on $140M EBITDA with $1B+ sponsor bids. Public strategics (Optum, CenterWell, Pennant Group, Aveanna, Addus, VITAS / Chemed) plus PE-backed platforms (Help at Home under Centerbridge + Vistria exploring $3B+ exit, AccentCare under Advent International, Compassus under TowerBrook + Ascension Health 50/50, Gentiva under CD&R 60% + Humana 40%, Three Oaks Hospice under Martis Capital since October 2024, Synergy HomeCare franchisor under Levine Leichtman since January 21 2025, HomeWell Care Services under Main Post Partners since January 21 2026, Comfort Keepers under Halifax Group since September 2023, Senior Helpers under Advocate Aurora Enterprises since April 1 2021) all compete for New Hampshire bolt-ons. BAYADA Home Health Care is a nonprofit 501(c)(3) foundation since January 2019 and is NOT PE-owned. If you operate a Medicare-certified home-health, non-medical home-care, or hospice business in New Hampshire, the valuation framework, CMS 855A Change of Ownership timeline, DOJ False Claims Act tail liability, hospice cap recoupment risk, and the named PE / strategic buyer pool are covered in our dedicated guide: sell your home health agency in New Hampshire.
High PE-activity vertical in New Hampshire: commercial waste-hauling and solid-waste-services (commercial front-load dumpster, roll-off / C&D, municipal residential subscription, industrial, medical waste, hazmat, recycling, and vertically-integrated landfill ownership) has been one of the most actively consolidated service sub-sectors in New Hampshire over the 2024-2026 window, driven by Waste Management ($22B revenue post-Stericycle close November 4 2024 at $7.2B), Republic Services ($1.1B 2025 strategic deal volume, $1B 2026 guide), Waste Connections (24 deals + $750M annualized acquired revenue in 2024), GFL Environmental ($900M Frontier Waste close April 1 2026), Casella Waste Systems ($500M pipeline), Clean Harbors, and PE-backed platforms including Interstate Waste Services (Littlejohn & Co. + Ares Management since October 2023), Coastal Waste & Recycling (Macquarie since June 2023 $900M), Meridian Waste (Warren Equity since April 2018), Ecowaste Solutions (Kinderhook since January 2026 $1B continuation vehicle), TXP Environmental (NMS Capital since April 2023), WIN Waste Innovations (Macquarie since early 2019), and Apex Waste Solutions (Kinderhook since November 2023). If you operate a commercial waste-hauling or solid-waste-services business in New Hampshire, the valuation framework, state DEP permit transferability mechanics, CERCLA successor liability bucket, fleet sale-leaseback structures, and the named PE / strategic buyer pool are covered in our dedicated guide: sell your waste hauling business in New Hampshire.
High PE-activity vertical in New Hampshire: commercial janitorial and building-services contracting (commercial office cleaning, healthcare environmental services, K-12 with bonding, GMP cleanroom for life sciences or semiconductors, federal cleared facilities, monthly recurring contracts) has been one of the most actively consolidated service sub-sectors in New Hampshire over the 2024-2026 window, driven by ABM Industries, Aramark, Compass Group / Crothall Healthcare, Healthcare Services Group, and PE-backed platforms including KBS (KKR + Ares + BlackRock CIA consortium since March 25 2024), Pritchard Industries (Littlejohn & Co. since December 2024), 4M Building Solutions (O2 Investment Partners), Allied Universal (which acquired Diversified Maintenance Systems March 1 2025), Marsden Holding (Encore One family trust portfolio with 35+ cumulative add-ons), Vixxo Facility Solutions (Braemont Capital), Xanitos (Bessemer Investors since January 1 2026), and GDI Integrated Facility Services (Birch Hill take-private March 2 2026). If you operate a commercial janitorial or building-services-contractor business in New Hampshire, the valuation framework, workers comp EMR transfer mechanics, SEIU successor liability considerations, and the named PE / strategic buyer pool are covered in our dedicated guide: sell your janitorial business in New Hampshire.
High PE-activity vertical in New Hampshire: commercial security integration (access control, IP video surveillance, intrusion alarm, monitored RMR) has been one of the most actively consolidated sub-sectors in New Hampshire over the 2024-2026 window, driven by Pye-Barker, Convergint, Everon (ADT Commercial), Allied Universal Technology Services, and several PE-backed regional platforms. If you operate a security-integration business in New Hampshire, the valuation framework, qualifying-agent transfer mechanics, and the named PE / strategic buyer pool are covered in our dedicated guide: sell your security integration business in New Hampshire.
Entity formation goes through the New Hampshire Secretary of State, Corporation Division. The NH Department of Revenue Administration administers BPT and BET. The NH Attorney General’s Charitable Trusts Unit reviews and must approve nonprofit healthcare and other charitable-asset transactions but does not have general M&A pre-clearance authority. The NH Insurance Department licenses agency transfers; the NH Liquor Commission must approve any change of ownership for liquor licenses; the Department of Health and Human Services licenses assisted-living, home-care, and child-care operators (frequent roll-up targets). The Public Utilities Commission reviews any sale or transfer of regulated utility, propane, or natural-gas operators.
NH’s top industries by employment are advanced and precision manufacturing (industrial machinery accounts for ~17% of the industrial workforce; electronics ~14%; instruments ~11%), healthcare, professional and business services, retail, hospitality and tourism (White Mountains, Lakes Region, Portsmouth and seacoast), defense and aerospace (BAE Syst…
NH’s top industries by employment are advanced and precision manufacturing (industrial machinery accounts for ~17% of the industrial workforce; electronics ~14%; instruments ~11%), healthcare, professional and business services, retail, hospitality and tourism (White Mountains, Lakes Region, Portsmouth and seacoast), defense and aerospace (BAE Systems Nashua is the largest single private employer), life sciences, craft beverage, and education. Flagship industries: defense electronics and precision manufacturing in the Nashua-Merrimack-Salem corridor; craft brewing across the state (NH has one of the highest per-capita brewery counts); ski / resort hospitality; and a growing specialty-food and outdoor-recreation sector.
NH has 1.42M residents and is the second-oldest state in the US (median age ~43.4, tied with Vermont). Median household income is approximately $99,031, the 7th-highest in the country, partly because many residents commute to Massachusetts for income. Population growth since 2017 has come entirely from in-migration — primarily from Massachusetts (almost a quarter of NH residents were born there) — because natural change has been negative. The succession-crisis dynamic.
NH has 1.42M residents and is the second-oldest state in the US (median age ~43.4, tied with Vermont). Median household income is approximately $99,031, the 7th-highest in the country, partly because many residents commute to Massachusetts for income. Population growth since 2017 has come entirely from in-migration — primarily from Massachusetts (almost a quarter of NH residents were born there) — because natural change has been negative. The succession-crisis dynamic is acute: a high concentration of family-owned manufacturers and distributors in the southern tier built in the 1960s-1980s are now hitting ownership-transition age. Hillsborough County (Manchester / Nashua) has ~427K residents, Rockingham (Portsmouth / Salem) ~323K.
NH is one of the highest-approval-per-capita SBA markets in the country, running about 4 SBA 7(a) loans per 10,000 residents annually. Average loan sizes are smaller (~$245K, the lowest of the states reviewed), which reflects the dominance of partner-buyout and small-acquisition use cases versus large CRE. Live Oak Bank is active for industry-specific acquisitions; Eastern Bank, Bank of New Hampshire, Service Credit Union, and Enterprise Bank (Lowell, MA) are the.
NH is one of the highest-approval-per-capita SBA markets in the country, running about 4 SBA 7(a) loans per 10,000 residents annually. Average loan sizes are smaller (~$245K, the lowest of the states reviewed), which reflects the dominance of partner-buyout and small-acquisition use cases versus large CRE. Live Oak Bank is active for industry-specific acquisitions; Eastern Bank, Bank of New Hampshire, Service Credit Union, and Enterprise Bank (Lowell, MA) are the active regional players. The Business Finance Authority of NH runs state guaranty programs that pair with SBA 7(a) and 504 deals.
Deal activity in New Hampshire concentrates in a small number of regional corridors. Here are the metros and regions where we are most active:.
Deal activity in New Hampshire concentrates in a small number of regional corridors. Here are the metros and regions where we are most active:
Largest city and financial / professional-services center; primary M&A advisory and banking hub.
High-tech and defense-electronics corridor (BAE Systems, Omron Microscan); cross-border with the Greater Boston tech ecosystem.
Hospitality, defense (Portsmouth Naval Shipyard adjacent), software, and life sciences with strong Massachusetts buyer interest.
Industrial and distribution corridor along I-93; a frequent target for Boston-sponsored manufacturing roll-ups.
The buyer pool acquiring $1M-$25M EBITDA businesses in New Hampshire splits into four primary categories:.
The buyer pool acquiring $1M-$25M EBITDA businesses in New Hampshire splits into four primary categories:
Often the right fit for a 2-3 DVM medical practice, a 5-10 employee MSP, or an owner-operator services business. Search funders are typically MBA-trained operators backed by committed equity pools who acquire a single business and become the CEO. Independent sponsors raise deal-by-deal capital. Both pay competitive multiples for the right asset.
Single-family and multi-family offices in New Hampshire and the surrounding region are active acquirers of recurring-revenue, low-CapEx businesses. They tend to hold longer (10+ years vs 4-6 for PE), value seller-friendly structures, and often retain founders post-close.
Lower middle-market PE platforms with $25M-$300M of committed capital are the most common buyer for $2M-$10M EBITDA targets. New Hampshire-active platforms typically source from the surrounding region and pay 5-9x EBITDA for clean recurring-revenue assets.
Industry consolidators (often themselves PE-backed) acquire competitors and tuck-ins. Strategics frequently pay the highest multiples because they can extract synergies that financial buyers cannot, particularly for businesses with strong customer overlap or technical capabilities.
Valuation in New Hampshire follows the same EBITDA-tier framework that applies nationally, adjusted for New Hampshire-specific tax environment and industry mix. Owner-operator businesses under $1M EBITDA typically clear 3-5x SDE. Growing $1M-$3M EBITDA businesses with documented recurring revenue and a real management bench clear 5-7x EBITDA. Platform-quality $3M-$10M EBITDA assets with low customer concentration, growing markets, and clean financials clear 7-10x EBITDA. Top-of-band specialty assets (specialty B2B services, recurring-revenue SaaS.
Valuation in New Hampshire follows the same EBITDA-tier framework that applies nationally, adjusted for New Hampshire-specific tax environment and industry mix. Owner-operator businesses under $1M EBITDA typically clear 3-5x SDE. Growing $1M-$3M EBITDA businesses with documented recurring revenue and a real management bench clear 5-7x EBITDA. Platform-quality $3M-$10M EBITDA assets with low customer concentration, growing markets, and clean financials clear 7-10x EBITDA. Top-of-band specialty assets (specialty B2B services, recurring-revenue SaaS, healthcare-adjacent professional practices) can clear 10-15x EBITDA. New Hampshire’s state-specific tax environment affects the seller’s net proceeds materially — particularly when the business is structured as a pass-through and the proceeds flow as ordinary or capital-gain income to a resident.
Our free three-minute valuation survey generates a directional range based on your revenue, EBITDA, customer mix, growth profile, and industry — calibrated to current 2026 New Hampshire comparables.
A typical confidential New Hampshire sale through CT Acquisitions runs 60-120 days from first call to close: Week 1-2: Confidential 30-minute call, free valuation, and seller materials prep (financial recasting, customer list anonymization, deal-room organization). Week 2-4: Confidential outreach to the active buyer pool (typically 8-15 qualified buyers per asset, depending on industry and size). Week 4-8: Indications of interest, management meetings, and letter of intent negotiation. Most New Hampshire.
A typical confidential New Hampshire sale through CT Acquisitions runs 60-120 days from first call to close:
The buyer pays our fee at close as part of their cost of acquisition. The seller pays no commission, no retainer, no success fee — nothing — and signs no exclusivity contract.
$0 to sellers. Buyer-paid fee model. No retainer. No success fee. No exclusivity contract. Confidential by default. No public listings, no broker networks, no auctions. We approach a curated, qualified buyer pool quietly. Buy-side process discipline. We work for the buyer’s cost discipline, which aligns interests — we get paid only when a deal closes that the buyer is happy with at the price the seller wanted. Banker-grade documentation. Recast.
The traditional path for selling a $1M-$25M EBITDA New Hampshire business is to hire a state-licensed business broker who charges 6-12% of the sale price as commission, plus typically a $5K-$25K retainer. On a $5M deal that’s $300K-$600K out of the seller’s proceeds. A buy-side advisor like CT Acquisitions offers the same buyer pool, the same documentation quality, the same negotiation discipline — but charges the buyer instead of the.
The traditional path for selling a $1M-$25M EBITDA New Hampshire business is to hire a state-licensed business broker who charges 6-12% of the sale price as commission, plus typically a $5K-$25K retainer. On a $5M deal that’s $300K-$600K out of the seller’s proceeds. A buy-side advisor like CT Acquisitions offers the same buyer pool, the same documentation quality, the same negotiation discipline — but charges the buyer instead of the seller. The economics work because qualified institutional buyers value access to off-market, advisor-vetted deal flow, and they pay our fee as part of their cost of acquisition. The result for a New Hampshire seller: full sale proceeds, no commission, no retainer, no contract.
The strongest 2024-2026 buyer demand for New Hampshire businesses concentrates in recurring-revenue and tech-enabled services: managed IT services (MSP) , commercial HVAC , insurance agencies , CPA and accounting firms , wealth management and RIAs , veterinary practices , fire and life-safety protection , pool service , and paving and asphalt .
The strongest 2024-2026 buyer demand for New Hampshire businesses concentrates in recurring-revenue and tech-enabled services: managed IT services (MSP), commercial HVAC, insurance agencies, CPA and accounting firms, wealth management and RIAs, veterinary practices, fire and life-safety protection, pool service, and paving and asphalt. These verticals all have active PE-backed platform consolidators paying 5-12x EBITDA depending on size and quality, and most platforms acquire across all 50 states, so New Hampshire-headquartered targets in these verticals see a competitive bidder pool. Each sub-guide above walks through the named PE buyers, current valuation multiples, and New Hampshire-specific deal mechanics for that vertical.
If you operate in one of these verticals, our state-specific sub-guides walk through the named PE buyers actively acquiring in New Hampshire, current valuation multiples, and deal mechanics specific to that vertical. Each guide is research-backed with verified 2024-2026 platform deals and New Hampshire-specific regulatory factors: Sell Your MSP / Managed IT Business in New Hampshire Sell Your Commercial HVAC Business in New Hampshire Sell Your Insurance Agency in New.
If you operate in one of these verticals, our state-specific sub-guides walk through the named PE buyers actively acquiring in New Hampshire, current valuation multiples, and deal mechanics specific to that vertical. Each guide is research-backed with verified 2024-2026 platform deals and New Hampshire-specific regulatory factors:
Companion guides: Sell Your Business: the national hub guide The lower middle market buyer mandate report Exit multiple: the 2026 operator’s guide Quality of Earnings: the 2026 founder’s guide How to hire an M&A advisor.
Companion guides:
Book a confidential 30-minute call or take the free three-minute valuation survey. No fee, no retainer, no contract.
What is your New Hampshire business actually worth in 2026?
CT Acquisitions runs a confidential, buy-side process. No broker commission, no retainer, no exclusivity contract — the buyer pays our fee.
EBITDA multiples for lower middle market businesses vary by size, buyer type, and vertical. The table below shows typical bands for privately-held sellers in 2026 based on GF Data and Axial 2025 benchmarks.
| EBITDA size band | Typical multiple | Dominant buyer type |
|---|---|---|
| $500K to $1M | 3.0x to 4.5x | Individual buyers, ETA, small local PE |
| $1M to $3M | 4.0x to 6.0x | Search funds, small PE, family offices |
| $3M to $10M | 5.5x to 8.0x | Lower middle market PE, strategic tuck-ins |
| $10M to $25M | 7.0x to 10.5x | Middle market PE platforms, strategic acquirers |
It depends on size, industry, recurring revenue, growth, and customer concentration. Owner-operator businesses under $1M EBITDA typically clear 3-5x SDE in New Hampshire. $1M-$3M EBITDA businesses clear 5-7x EBITDA. $3M-$10M EBITDA platform-quality assets clear 7-10x EBITDA. Top-of-band specialty assets reach 10-15x. Our free three-minute valuation survey generates a directional range calibrated to current 2026 New Hampshire comparables. New Hampshire’s state-specific tax environment also materially affects what the seller actually nets — see the tax section above for the rate detail.
A confidential New Hampshire business sale through a buy-side advisor typically runs 60-120 days from first call to close. A traditional broker process usually runs 9-12 months. The 60-120 day window includes 1-2 weeks of materials prep, 2-4 weeks of confidential buyer outreach, 4-8 weeks to indications of interest and letter of intent, and 8-16 weeks of diligence and closing — including any state-specific premise permit, license transfer, or regulatory body notification that New Hampshire requires.
No. The traditional path is to hire a state-licensed business broker who charges 6-12% of the sale price as commission, plus typically a $5K-$25K retainer. A buy-side advisor like CT Acquisitions offers the same buyer pool, the same documentation quality, the same negotiation discipline — but charges the buyer instead of the seller. The seller pays no commission, no retainer, no success fee, and signs no exclusivity contract.
Not until you want them to. The CT Acquisitions process is confidential by default: no public listing, no broker network, no email blast, no auction process. We approach a curated, qualified buyer pool quietly and only share the company name after the buyer has signed an NDA and confirmed serious interest. Particularly important for tighter New Hampshire markets where word travels fast.
$0. The buyer pays our advisor fee at closing as part of their cost of acquisition. We don’t charge New Hampshire sellers a retainer, success fee, or any other fee at any stage. If a deal doesn’t close, you owe us nothing.
Our network is most active for businesses with $1M to $25M of EBITDA, which translates roughly to $3M to $100M+ in revenue depending on margins. If your business is smaller, we may still have qualified search-fund or family-office buyers for it, but the alternative is also good: many smaller New Hampshire businesses do well selling directly to a key employee or competitor with a transactional attorney handling the paperwork. Start a 15-minute conversation and we’ll tell you honestly which path fits your situation best.