When it comes to PE investment in Texas, there’s a good chance the state's lucrative energy sector will be involved. Just this week, Canada Pension Plan Investment Board and Houston-based Encino Energy announced the formation of Encino Acquisition Partners, a joint venture that will focus on acquiring US oil & gas assets. CPPIB has pledged $1 billion to EAP; Encino has committed $25 million and will identify and execute acquisition opportunities, as well as manage the venture's assets.
Across all sectors, private equity investors have closed 150 transactions in Texas so far in 2017, per the PitchBook Platform, lagging behind the pace of recent years. Last year brought the completion of 381 transactions, itself a three-year low. Since the start of 2010, meanwhile, nearly 25% of all PE deals in the state have occurred in the energy sector.
That focus on energy is reflected in a list of the busiest US firms in the Lone Star State. Here are the nine most active since the start of 2010, along with deal counts: