M&A Deal Summary

Key Bank Acquires GradFin

On May 9, 2022, Key Bank acquired financial services company GradFin

Acquisition Highlights
  • This is Key Bank’s 6th transaction in the Financial Services sector.
  • This is Key Bank’s 9th transaction in the United States.
  • This is Key Bank’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2022-05-09
Target GradFin
Sector Financial Services
Buyer(s) Key Bank
Deal Type Add-on Acquisition

Target

GradFin

Philadelphia, Pennsylvania, United States
website
GradFin offers high-touch advisory solutions for individuals seeking assistance with student loan debt. GradFin experts provide one-stop shopping for borrowers seeking debt solutions, with a particular focus on working with financial advisors and their clients. GradFin was founded in 2015 and is based in Philadelphia, Pennsylvania.

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Buyer(S) 1

Buyer

Key Bank

Cleveland, Ohio, United States

website

Category Company
Founded 1849
Sector Financial Services
Employees17,654
Revenue 7.0B USD (2022)
DESCRIPTION

Key Bank is a provider of investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Key Bank was founded in 1849 and is based in Cleveland, Ohio.

DEAL STATS #
Overall 9 of 9
Sector (Financial Services) 6 of 6
Type (Add-on Acquisition) 6 of 6
State (Pennsylvania) 1 of 1
Country (United States) 9 of 9
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-22 XUP Payments

Charlotte, North Carolina, United States

XUP Payments is a B2B focused digital platform. XUP's technology enables simple, intuitive, client onboarding and servicing experiences. XUP Payments was founded in 2020 and is based in Charlotte, North Carolina.

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