Click to explore the data on the PitchBook Platform
A surge in add-ons is responsible for the spurt of deal flow, as the round type already accounts for over half of 2014’s activity; the increase not only reflects PE’s trend toward buy-and-build, but how consulting services providers prove amenable to integration. With rising valuations overall as of late, PE firms have deemed it easier to add industry-specific third-party consulting providers to extant portfolios and target regional plays. Since the start of 2005, the South, West Coast and Southeast regions account for most of the U.S.’s activity: 17.8%, 16.5% and 15.2%, respectively.
Click here for more on PE investment in U.S. consulting services, or use the search as a base to explore trends in other industries.