“Exclusive: Texas M&A Strong in Q1, Except Oil & Gas Upstream”
Mergers, acquisitions and joint ventures involving exploration and production companies in the previously red hot Texas oil patch took a nosedive during the first three months of 2015.
While some parts of the energy industry cooled, new data shows that M&A activity in several other business sectors, including healthcare, technology, business services and retail, continued at near record highs for the first three months of the year.
Holt Foster, a corporate law partner at Thompson & Knight in Dallas, said M&A is fueled by a growing economy, increased employment, low interest rates and access to capital.
“All of those factors are positive right now and make this an ideal environment for M&A,” Foster said. “In addition, we have a huge migration of businesses moving into Texas, which fuels additional M&A opportunities here.”