GROWTH ECONOMY
NORTH CAROLINA // 1998–2017 The number of jobs created by private equity-backed businesses in North Carolina grew more than twice the rate of the broader business community over the past two decades. Sales fared even better. The revenue of private equitybacked companies grew more than three times the rate of other businesses in the state. While North Carolina had a record-breaking year in 2017 with over $17 billion across 114 deals, a large portion of deal flow continues to be concentrated in the business-to-business sector, which has represented a 40.1 percent share of PE activity since 2010.
SALES GROWTH % BY SEGMENT
SALES
10.9% 12.9% 37.2% 38.9%
ACG RALEIGH DURHAM 0%
ACG CHARLOTTE
JOB GROWTH % BY SEGMENT 0.3% 20.6% 26.8%
130.9%
SALES GROWTH IN PE-BACKED BUSINESSES
41.4%
SALES GROWTH IN ALL BUSINESSES
52.3% 0% Small: Less than $10M in sales MM Seg 1: $10-50M in sales MM Seg 2: $50-100M in sales MM Seg 3: $100M-1B in sales Large: More than $1B in sales
JOBS
GROWTH IN PE-BACKED BUSINESSES
GROWTH IN ALL BUSINESSES
JOBS CREATED BY PE-BACKED BUSINESSES
52.5%
27.6%
17,850
MORE ONLINE See the impact of middlemarket private equity on your state at GrowthEconomy.org.
All stats are from PitchBook and the Business Dynamics Research Consortium at the University of Wisconsin-Extension.
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middlemarketgrowth.org