Middle market M&A activity in Texas saw an increase in average deal value but declined significantly in H1 2022 despite returning to pre-pandemic aggregate deal values.
Texas middle market M&A transactions
Number of announced transactions (1)
Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 and $1 billion
Texas middle market M&A transactions
Aggregate value of announced transactions (1)
Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 and $1 billion
Based on number of announced transactions, strategic buyers continued to be the most active buyer type in the first and second quarters of 2022 in Texas. During H1 2022, strategic buyers represented 84% of announced transactions.
The information technology segment was the most active during the first half of 2022, accounting for 29% of M&A deals announced. The energy segment accounted for the second largest category for the period contributing 23% of transaction volume. Consumer discretionary and industrials segments both contributed 11%, independently making them third and fourth largest categories for the period
H2 2022 Texas middle market M&A transactions
Number of transactions by industry sector (1) (2)
Source: S&P Capital IQ
(1) Includes only transactions with disclosed enterprise value between $10 million and $1 billion.
(2) Percentages may not total 100% due to rounding.
Baker Tilly Capital professionals develop mergers and acquisitions (M&A) updates in different industries and regions. These reports provide an overview of M&A activity, including:
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