Baker Tilly Capital, LLC’s Texas M&A update provides a recap of transactions where the target company is located in Texas. M&A transaction volume in Texas totaled 151 deals for the first three quarters of 2019 (Q3 2019), marking a significant decline from both the third quarter of 2018 (Q3 2018) with 197 deals and from the second quarter of 2019 (Q2 2019) with 179 deals. For the second consecutive quarter, the greatest activity (27 percent of all transactions for the quarter) occurred within the Industrials sector; Information technology was the runner-up representing 16 percent of transactions during the quarter. Strategic buyers completed the majority of all deals at 85.4 percent.
Source: Capital IQ and Baker Tilly Capital, LLC Insights
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