Alerus Financial - M&A Summary and Business Overview

Financial ServicesCompany

Alerus Financial M&A Summary

Alerus Financial has acquired 2 companies, including 2 in the last 5 years.

Alerus Financial’s largest acquisition to date was in 2024, when it acquired HMN Financial for $116M. Alerus Financial has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).

Alerus Financial Business Overview

Where is Alerus Financial headquartered?

Alerus Financial is headquartered in Grand Forks, North Dakota.

What is Alerus Financial’s revenue?

Alerus Financial disclosed revenue of 166M USD for 2023 and 209M USD for 2022.

How many employees does Alerus Financial have?

Alerus Financial has 709 employees.

What sector is Alerus Financial in?

Alerus Financial is a financial services company.

When was Alerus Financial founded?

Alerus Financial was founded in 1879.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 2

Alerus Financial

Alerus Financial Corporation

401 Demers Avenue,
Grand Forks, North Dakota 58201
United States,
(701) 795-3200
www.alerus.com

Alerus Financial is a diversified financial services company headquartered in Grand Forks, N.D. Through our subsidiary, Alerus Financial, National Association, we provide innovative and comprehensive financial solutions to businesses and consumers through four distinct business segments—banking, retirement and benefit services, wealth management, and mortgage. These solutions are delivered through a relationship-oriented primary point of contact along with responsive and client-friendly technology. Alerus Financial was incorporated in 1879 and is based in Grand Forks, North Dakota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # - 1 - - - 1 2
vol $116M $116M
Sell (0.0/yr) # - - - - - - 0
  2

Most Recent M&A

Company Date Value Type
HMN Financial, Inc. 2024-05-15 116M USD Merger
Rochester, United States · www.justcallhome.com
Retirement Planning Services, Inc. 2020-12-02 - Add-on Acquisition
Littleton, Colorado · www.rpsplanadm.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 116M (100%) - -
Total 2 $116M - -

By Geo

State/Country Buy Value Sell Value
United States 2 116M - -
  Colorado 1 - - -
Total 2 $116M - -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
 1
Legal Deals
Barack Ferrazzano Kirschbaum & Nagelberg (BKFN)
 1

Deal Values

buy # Total
$100M to $1B 1 $116M
TOTAL $116M
Largest HMN Financial, Inc.
$116M (2024-05-15)

Company Summary

SECTOR

Financial Services

Revenue

166   21% 2023
209   10% 2022
230   1% 2021
228   23% 2020
186   6% 2019
176   10% 2018
160   4% 2017
155   2016
(millions of USD) Show More Show Less

Employees

709

Established

1879

Public

NASDAQ: ALRS

Former Name

First National Bank North Dakota

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North Dakota Companies , Financial Services Companies , United States Companies , North Dakota Financial Services Companies , North Dakota Financial Services with Acquisitions , North Dakota Financial Services with Divestitures

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