We couldn't help but notice a burst of notable PE deals involving Texas-based companies, so we set out to explore activity in the U.S. South using the PitchBook Platform. The region netted a decade-high 590 deals in 2014, a 21% YoY jump, though this year is well behind that pace at 329.
Here are a few trends and notes we uncovered in the platform:
• Energy's percentage of PE deals hovered around 24%-28% for most of the past decade, but the sector—no doubt affected by the recent plummet in oil prices—has only claimed 16% of activity this year.
• While Texas continues to be the driver in the South, smaller states like Kentucky and Arkansas have recorded solid upticks in completed deals so far in 2015.
• An active investor in the region not focused exclusively on energy is Dallas-based Trinity Hunt Partners, which has completed a handful of investments over the past year, all in its home state, spread across industries like environmental services, legal services and automotive.
Click to explore the data in the PitchBook Platform
Click here for the raw data on PE-backed companies in the South, along with the firms cutting the deals. If you'd like access to this information, or are curious about another region, contact us today.