Private equity deals in the South have slowed since 2011, according to the PitchBook Platform. 2012 activity was down almost 10% from 2011 levels, and 2013 activity to date (178 deals) is lower than it was at this point last year (222). PE firms cut their activity in Tennessee-based companies by almost half between 2011 and 2012. Louisiana bucked the trend with almost 30% more deals in 2012 than in 2011.
Going back to the beginning of 2008, Texas was responsible for a majority of the deal activity in the timeframe (70%). Energy deals almost caught up to B2B activity, at 27% and 31%, respectively. Some of the most active investors in the region during the timeframe were energy-focused firms, including Riverstone Holdings, EnCap Investments and Lime Rock Partners.