PE Continues to Drive Transportation Deals to Close
December 26, 2012
With the holiday season here, many are traveling to and fro via cars, planes, trains and other nifty inventions created to move us from one country to another, one city to the next or... a couple blocks down the street. PE investors have taken note of several different modes of transportation and supported numerous companies behind them. Since the beginning of 2008, they've invested in 540 Transportation-related companies headquartered in the U.S., according to the PitchBook Platform. California led the Transportation deal flow last year, accounting for 12% of 2011's activity, followed by Florida and Texas, both at 9%. While California continues to clinch the number one spot with a 14% share of 2012's activity to date, Texas is flying solo this year in second place, fueled by a 10% share. Other popular states this year for Transportation deals have been Pennsylvania and Michigan, each with 8%.
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