M&A Deal Summary

First Mercantile Trust Acquires American Trust

On February 11, 2019, First Mercantile Trust acquired financial services company American Trust

Acquisition Highlights
  • This is First Mercantile Trust’s 1st transaction in the Financial Services sector.
  • This is First Mercantile Trust’s 1st transaction in the United States.
  • This is First Mercantile Trust’s 1st transaction in Iowa.

M&A Deal Summary
Date 2019-02-11
Target American Trust
Sector Financial Services
Buyer(s) First Mercantile Trust
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN) (Legal)

Target

American Trust

Dubuque, Iowa, United States
website
American Trust is a full-service provider of retirement services to small-to-mid-sized plan sponsors. American Trust Retirement was formed in 1911 and is based in Dubuque, Iowa.

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Buyer(S) 1

Buyer

First Mercantile Trust

Cordova, Tennessee, United States

website

Category Company
Founded 1972
Sector Financial Services
DESCRIPTION

First Mercantile Trust Co. is a premier collective investment trust (CIT) recordkeeper in the United States, offering investment solutions for qualified retirement plans. First Mercantile Trust Co. was formed in 1972 and is based in Cordova, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Iowa) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1
Mergr

Product

Company

Legal