The HRTech Wire

Gotham Growth CEO David Hain on HCM M&A: Why Buyers Are Buying, What Deals Are Worth, and What to Expect in 2027

Gotham Growth CEO David Hain, speaking to WorkTech, outlines current HCM M&A valuation benchmarks — 4–6x ARR for solid companies, 7–8x for standouts, with distressed deals closing as low as 1–3x ARR, a range he says was previously rare outside fire sales — and advises sellers targeting a 2027 exit to begin conversations now.