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The expert panel discussion – A deep dive into the 2025 bizval US report

31 July 2025

bizval hosted an expert panel discussion unpacking the findings of our 2025 US SMB M&A Report. Drawing on more than 2,000 proprietary valuations, survey data, and interviews with leading intermediaries, the webinar explored the realities of deal-making for businesses in the $1M–$50M revenue range. Our panel Mike Finger (Exit Oasis), Candice Bradley (Bradley & Company), Ryan Tansom (Independence by Design), and Luke Maupin (Choice Bank) — shared data-driven insights on what’s shaping the market in real time.

Key takeouts included:

  • Operational maturity and cash flow resilience matter more than size when driving value.
  • Higher borrowing costs are reshaping deals, with seller notes and hybrid financing on the rise.
  • Multiples should be viewed as outcomes, not inputs, predictable cash flow is the foundation of value.
  • Clean financials and forward-looking forecasts remain non-negotiable.
  • Sellability and ownability go hand in hand, owners who prepare early create more optionality.

Standout themes:

  • Why chasing multiples can mislead owners.
  • How the “owner-operator trap” holds businesses back.
  • Reframing exit as an “end game” that goes beyond a simple sale decision.
  • How AI and technology are influencing due diligence and risk.

A special thank you to our panelists: Mike, Candice, Ryan, and Luke for sharing their expertise, and to everyone who attended and contributed to the discussion.

Download the full 2025 US SMB M&A Report at bizvalglobal.com.