The MSP Business Evaluator and Accelerator tracks EBITDA and buyer multiples across eleven revenue tiers for IT Managed Service Providers. The data reveals a compounding margin curve that mirrors what private equity priced in pest control, dental, and HVAC before consolidation accelerated in those sectors. Below $1 million in revenue EBITDA is negative across every peer group. That is a stage characteristic, not a business failure. At $3 million it turns positive at 16.3%. By $31 million average revenue it reaches 44.8%. Strategic buyers at that tier pay 2.31 to 3.95 times revenue. Financial buyers pay 2.30 to 3.90 times revenue. The operational characteristics driving those multiples are the same three variables PE has priced across every fragmented recurring-revenue service sector it has consolidated. Recurring contract revenue above 85%. Customer retention above 90%. Management infrastructure that operates without founder dependency. A pest control company running those three characteristics commands 7 to 10 times EBITDA from buyers who know exactly what they are looking at. The MSP sector is at the same inflection point pest control was fifteen years ago. For search funders and independent sponsors evaluating the MSP sector, this edition maps the full EBITDA curve, the buyer multiple spread at each revenue tier, and the operational characteristics that separate the businesses worth acquiring at a premium from the ones that are not. Happy to discuss how the MSPBEA peer group data applies to specific acquisition criteria or deal evaluation frameworks. Access to this edition: redactedredacted