[
  {
    "trade_slug": "hvac",
    "trade_name": "HVAC",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "4x to 8x",
    "bracket_scope": "$1M to $5M EBITDA add-on or tuck-in",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/hvac/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "hvac",
    "trade_name": "HVAC",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "7x to 11x",
    "bracket_scope": "$5M to $25M EBITDA lower-middle-market regional platform",
    "scope_note": "Capstone Partners' July 27, 2026 update reports a 9.5x average EV/EBITDA for HVAC-services transactions in 2024 through year-to-date 2026. Its 11.4x broader-HVAC average is a different transaction population. Neither average establishes the 7x-to-11x regional planning band or a price for a specific SMB.",
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/hvac/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "hvac",
    "trade_name": "HVAC",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "15x to 18.5x and above",
    "bracket_scope": "national platform with high service-agreement density, institutional recapitalization",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/hvac/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "plumbing",
    "trade_name": "Plumbing",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3.5x to 6.5x",
    "bracket_scope": "under $2M EBITDA add-on",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/plumbing/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "plumbing",
    "trade_name": "Plumbing",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "6x to 11x",
    "bracket_scope": "$2M to $10M EBITDA platform-quality regional business",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/plumbing/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "plumbing",
    "trade_name": "Plumbing",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "16x to 20x",
    "bracket_scope": "national platform recapitalization",
    "scope_note": "Blackstone acquired Champions Group at about 18.5x EBITDA, a combined plumbing, HVAC, and electrical residential platform.",
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/plumbing/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "electrical",
    "trade_name": "Electrical",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3x to 5x",
    "bracket_scope": "under $1M EBITDA, often priced off SDE rather than EBITDA",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/electrical/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "electrical",
    "trade_name": "Electrical",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "5.5x to 8x",
    "bracket_scope": "$1M to $8M EBITDA lower-middle-market operator",
    "scope_note": "GF Data reports averages of 6.2x to 6.4x for businesses at $3M to $8M EBITDA and 7.8x for platforms above $8M.",
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/electrical/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "electrical",
    "trade_name": "Electrical",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "8x to 12x and above",
    "bracket_scope": "data-center, utility-infrastructure, or mission-critical power specialist",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/electrical/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "roofing",
    "trade_name": "Roofing",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3x to 5x",
    "bracket_scope": "under $1M EBITDA add-on or tuck-in",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/roofing/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "roofing",
    "trade_name": "Roofing",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "4x to 10x",
    "bracket_scope": "$1M to $3M EBITDA at 4x to 7x; $3M to $10M platform-quality residential or commercial at 6x to 10x",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/roofing/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "roofing",
    "trade_name": "Roofing",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "8x to 12x and above",
    "bracket_scope": "large commercial platform with recurring maintenance contracts and a multi-state footprint",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/roofing/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "commercial-cleaning",
    "trade_name": "Commercial cleaning and janitorial",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "2.5x to 4.5x",
    "bracket_scope": "under $1M EBITDA owner-operated local provider, often priced off SDE",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/cleaning/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "commercial-cleaning",
    "trade_name": "Commercial cleaning and janitorial",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "4x to 8x",
    "bracket_scope": "$1M to $5M EBITDA established janitorial with recurring contracts at 4x to 6x; $5M to $10M regional or specialty (healthcare, cleanroom, industrial) at 5x to 8x",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/cleaning/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "commercial-cleaning",
    "trade_name": "Commercial cleaning and janitorial",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "7x to 12x",
    "bracket_scope": "$10M+ EBITDA nationwide platform",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/cleaning/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "landscaping",
    "trade_name": "Landscaping and grounds maintenance",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3x to 6x",
    "bracket_scope": "$500K to $1M EBITDA local operator or tuck-in, 2.5x to 5x on SDE",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/landscaping/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "landscaping",
    "trade_name": "Landscaping and grounds maintenance",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "7x to 12x",
    "bracket_scope": "$1M to $10M+ EBITDA scaled lower-middle-market platform candidate",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/landscaping/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "landscaping",
    "trade_name": "Landscaping and grounds maintenance",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "12x to 15x",
    "bracket_scope": "high-performing commercial maintenance platform at exit",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/landscaping/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "painting",
    "trade_name": "Painting and wall finishes",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3x to 6x",
    "bracket_scope": "$1M to $3M EBITDA small to mid-sized residential painter",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "painting",
    "trade_name": "Painting and wall finishes",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "5x to 7x and above",
    "bracket_scope": "$3M to $5M EBITDA commercial or HOA-focused platform",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "painting",
    "trade_name": "Painting and wall finishes",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "up to 11x",
    "bracket_scope": "large scaled specialty-construction platform",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "concrete-masonry",
    "trade_name": "Concrete and masonry",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3.1x to 4x",
    "bracket_scope": "$1M to $3M EBITDA small localized contractor",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "concrete-masonry",
    "trade_name": "Concrete and masonry",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "6.5x to 8x",
    "bracket_scope": "$5M+ EBITDA middle-market platform or scaled add-on",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "concrete-masonry",
    "trade_name": "Concrete and masonry",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "not separately reported",
    "bracket_scope": "no distinct national-platform band published for this trade",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "glass-glazing",
    "trade_name": "Glass and glazing",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "2.9x to 4.2x",
    "bracket_scope": "small local glass and glazing shop",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "glass-glazing",
    "trade_name": "Glass and glazing",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "5.7x to 7.1x",
    "bracket_scope": "$10M to $100M total enterprise value specialty trade contractor",
    "scope_note": "GF Data reports NAICS 238 specialty-trade cohort averages of 5.7x at $10M to $25M enterprise value, 6.1x at $25M to $50M, and 7.1x at $50M to $100M.",
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "glass-glazing",
    "trade_name": "Glass and glazing",
    "scale_bracket": "national_platform",
    "ev_ebitda_range": "9x to 10.9x",
    "bracket_scope": "platform-scale building products or contract glazing company",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "doors-access",
    "trade_name": "Doors and access systems",
    "scale_bracket": "tuck_in",
    "ev_ebitda_range": "3.5x to 5x",
    "bracket_scope": "under $1M EBITDA local add-on",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "doors-access",
    "trade_name": "Doors and access systems",
    "scale_bracket": "regional_platform",
    "ev_ebitda_range": "6.5x to 12x",
    "bracket_scope": "$1M to $3M EBITDA core mid-market add-on at 6.5x to 9x; $3M to $10M regional platform at 9x to 12x",
    "scope_note": null,
    "trade_benchmark_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "canonical_url": "https://levelcfo.com/benchmarks/contractor-valuation/",
    "license": "Level Personal, Academic & Non-Commercial Evaluation License v1.0 (Commercial Use Requires License from sam@levelcfo.com)",
    "commercial_licensing_contact": "sam@levelcfo.com",
    "canary_watermark_token": "LEVEL-IP-CANARY-9F4A-7C2E-PERSONAL-USE-ONLY-CONTACT-SAM-AT-LEVELCFO-COM"
  },
  {
    "trade_slug": "doors-access",
    "trade_name": "Doors and access systems",
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