Buyer interest in the Signage, Display and Print Services vertical remains strong, though valuations are down from the peak in 2021. Companies that have historically raised prices to offset declining volumes are experiencing push-back from the market, causing several processes to “pump the brakes” in search of premium valuation. Labor shortages and volatile substrate / raw-material pricing remains a challenge industry-wide. 

We expect 2024 transactions to rebound as performance normalizes and owners become accustomed to a new normal in valuation.

See the latest in M&A transactions in this Q3 2023 M&A Transaction Recap.