Private equity investments in the Mountain region have been somewhat static since the beginning of 2010, according to the PitchBook Platform. Deal activity popped 47% in 2010 from 2009 levels, but only rose around 3% and 1% for the two subsequent years. 2013 may end up bringing in a small decrease from 2012, which would be the first decline since 2009's 44% drop from 2008 levels.
Colorado bucked the trend last year, pulling in 67 PE deals in 2012 compared to 53 in 2011 and 54 in 2010. On the other side, Nevada has seen its deal activity decline since 2010, dropping from 22 that year to 18 in 2011 and 10 in 2012. Broken down by industry, PE investments in the region's financial services industry have dropped off since 2010; 2011 and 2012 combined (14 deals) barely surpassed 2010's 13 deals, and the industry has only seen four deals so far this year. Investments in the information technology industry, meanwhile, have risen since 2010, from that year's 11 deals to 19 in 2011 and 25 in 2012.
Most of the investments that have come into the region in recent years have come from elsewhere, New York in particular. Only three of the top 13 most active investors in the region are headquartered there—Peterson Partners and Sorenson Capital of Utah (11 deals each) and Arizona's Snowdon Partners (9 deals).