America’s Changing Demographics: Growth in the Nation’s Hispanic Population

Hispanics accounted for 71% of the overall growth of the U.S. population between July 2022 and July 23, the Census Bureau reported last month. The number of Hispanics of any race grew by 1.8% during that time, while the non-Hispanic population grew by just 0.2%. Put another way, by July 2023 we had 1.16 million more Hispanics in the country than the year before and only 480,000 more non-Hispanics. 

Two thirds of the growth came from what’s called “natural increase”—more births than deaths—while immigration provided the rest. Hispanics of any race now represent 19.5% of the U.S. population.

Forty-three states and 73% of all U.S. metro area saw population increases between 2022 and 2023, often because of Hispanic gains. “Among the nation’s 3,144 counties, 59% (1,864) had populations that grew from 2022 to 2023,” the Census Bureau reported. “Of these, 38% (716 counties) gained more Hispanic than non-Hispanic people. The five largest counties where total population increased due to Hispanic population growth (offsetting non-Hispanic population declines) were: Broward County, FL; Dallas County, TX; Miami-Dade County, FL; Riverside County, CA; and San Bernardino County, CA..

Welcome To EquiNova Capital

EquiNova Capital Partners LLC is the new company launched by Michael Collins and Walk Kurek following their years as Managing Directors of Building Industry Advisors. EquiNova invests private equity capital in middle-market companies and provides merger and acquisition advisory services. 

We Can Answer Your Most Pressing M&A Questions

  • How do the most active buyers in today’s market value my company?
  • What parts of the business should I change to improve its valuation?
  • When is the right time to sell?

These are questions that are commonly asked by the owners of building products manufacturers and distributors. Our work in selling and raising capital for companies puts us in a unique position to help answer these important questions. Regardless of when you might decide to approach the market, please contact me to have a confidential discussion about your company and ways to maximize its value for the owners. 

Michael Collins
Work 312-854-8036
Cell 312-282-5462