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Texas regional M&A update: H2 2022

Apr 07, 2023

Texas M&A returns to pre-COVID-19 levels in H2 2022

Baker Tilly Capital, LLC recently released their Texas M&A update report, which highlights the middle market transactions in Texas in H2 2022.

Here are some key takeaways from the report:

  • The middle market M&A activity in Texas increased by 41% in H2 2022 relative to H1 2022
  • The aggregate disclosed value of M&A transactions totaled $9.7 billion in H2 2022, a 26% increase from the $7.7 billion in H1 2022
  • Reported average enterprise value/revenue multiples rebounded from 1.3x in H1 2022 to 3.7x in H2 2022, while average enterprise value/EBITDA multiples more than doubled in H2 2022 relative to H1 2022
  • Strategic buyers remained the most active buyer type in H2 2022 in Texas, representing 88% of closed transactions with reported data

Overall, the M&A activity in Texas is rebounding, with an increase in middle market transactions, higher average enterprise value/revenue multiples and average enterprise value/EBITDA multiples, and a diverse range of active sectors.

Get the full picture

For an in-depth look at M&A activity in Texas, download a copy of the Texas regional M&A update: H2 2022. The report includes:

  • Regional market activity
  • M&A activity by market segment
  • Transaction profiles for middle market M&A activity
  • Buyers and targets by location
  • Transactions by industry sector
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Mergers and acquisitions reports

See more M&A reports

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:

  • M&A activity by market segment
  • Transaction data for middle market M&A activity
  • Buyers and targets by location
  • Notable transactions closed during the period of the report
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