Texas M&A Falls Dramatically in Q1

Corporate transactions in which companies and private equity firms headquartered in Texas were the buyer, seller or target fell dramatically in the first quarter of this year. Energy – for the first time in more than 12 years – lost its lofty ranking as the biggest deal generator in the state, according to Mergermarket data provided exclusively to The Texas Lawbook.

The Texas deal count in Q1 2020 fell to 222 transactions, an 18% drop from the first quarter of 2019. The value of the deals announced in January, February and March plunged nearly 52% to only $11.8 billion.