Colorado A Leading Western State for Private Equity

According to recent information from PitchBook, Colorado is the third leading western state based on private equity deal activity, behind only California and Texas, both of which have significantly larger populations.

 

While Arizona represents a larger population by nearly 30 percent, it contains almost 18 percent fewer private equity owned companies than Colorado. And when compared to other neighboring states, Colorado boasts much higher private equity activity per capita.

 

For example, Colorado’s population is 35 percent larger than that of Oklahoma, but the number of private equity owned companies in the Rocky Mountain

state overshadows its southeast neighbor by more than 135 percent. Likewise, Colorado is about 80 percent larger by population than both Utah and Kansas. However, private equity activity in Colorado is greater by 119 percent and 139 percent, respectively.

 

While deal activity tends to mirror state populations overall, it is clear that private equity sees something special about Colorado-based companies.