Texas regional M&A update: H1 2022

M&A activity in Texas shows positive trend in deal values

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.

• A total of 34 transactions were announced in H1 2022, down significantly from 72 in H2 2021
• The aggregate disclosed value of M&A transactions totaled $7.7 billion during H1 2022, a meaningful decrease from $14.9 billion in H2 2021
• The average value of reported deals grew to $249 million to start the year but dropped to $212M in Q2 2022

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