Monday, June 1, 2015

More Praise for the Middle Market and Private Equity

I have blogged in the past about America's marvelous Middle Market and how important it is to our national economy.  Here comes further proof of that fact from the Association for Corporate Growth (ACG), perhaps the most important voice in the middle market transaction space. According to ACG:

  • The middle market represents 1% of all business establishments, but provides 26.5% of all jobs in the United States; and
  • From 1995 through 2013, U.S. private equity-backed companies grew jobs by 83.7%, while all other U.S. companies grew jobs by 27%. Over 3/4 of this growth came from the middle market. 

So what is the middle market?  While everyone has there own definition, ACG defines the middle market as companies with annual sales between $10 million and $1 billion.

Here are a few Texas-specific private equity facts that I found on ACG's website:
  • Between 2003 and 2014, Texas enjoyed 5,825 private capital investments worth an aggregate of $435.4 billion.  
  • There are 4,025 Texas companies backed by private capital. 
  • The 497 private firms based in Texas.

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