H&R Block - M&A Summary and Business Overview

Consumer ServicesCompany

H&R Block M&A Summary

H&R Block has acquired 8 companies, including 1 in the last 5 years. It has also divested 4 assets.

H&R Block’s largest acquisition to date was in 1999, when it acquired Olde Financial for $850M. It’s largest disclosed sale occurred in 1997, when it sold CompuServe to MCI inc. for $1.2B. H&R Block has acquired in 5 different US states, and 2 countries. The Company’s most targeted sectors include internet software and services (38%) and business services (25%).

H&R Block Business Overview

Where is H&R Block headquartered?

H&R Block is headquartered in Kansas City, Missouri.

What is H&R Block’s revenue?

H&R Block disclosed revenue of 3,472M USD for 2023 and 3,463M USD for 2022.

How many employees does H&R Block have?

H&R Block has 3,800 employees.

What sector is H&R Block in?

H&R Block is a consumer services company.

When was H&R Block founded?

H&R Block was founded in 1955.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity8
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 6
  • M&A Advisors 1

H&R Block

H&R Block, Inc.

One H&R Block Way,
Kansas City, Missouri 64105
United States,
(816) 854-3000
www.hrblock.com

H&R Block is a provider of income tax return preparation and related services and products via a network of approximately 13,000 company-owned and franchised offices and through TaxCut online and software solutions. H&R Block was formed in 1955 and is based in Kansas City, Missouri.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 8 - - - - - 8
vol $1.7B $1.7B
Sell (0.0/yr) # 4 - - - - - 4
vol $2.6B $2.6B
  12

Most Recent M&A

Company Date Value Type
Wave Financial, Inc. 2019-06-11 405M USD Add-on Acquisition
Toronto, Ontario · www.waveapps.com
New River Innovation, Inc. 2014-05-08 - Add-on Acquisition
Greensboro, North Carolina · www.newriverinnovation.com
RSM McGladrey, Inc. 2011-11-04 - Divestiture
Bloomington, Minnesota · www.rsmmcgladrey.com
H&R Block Financial Advisors 2008-11-03 315M USD Divestiture
, United States
Option One Mortgage Corp. 2008-03-17 1.1B USD Divestiture
Santa Ana, California
American Express Tax & Business Services, Inc. 2005-08-01 220M USD Divestiture
Minneapolis, Minnesota
TaxNet, Inc. 2005-07-07 - Add-on Acquisition
Carlsbad, California · www.taxnet.com
Olde Financial Corp. 1999-09-02 850M USD Add-on Acquisition
Detroit, Michigan
RSM McGladrey, Inc. 1999-07-01 - Add-on Acquisition
Bloomington, Minnesota · www.rsmmcgladrey.com
CompuServe, Inc. 1997-09-08 1.2B USD Divestiture
Columbus, Ohio
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Internet Software and Services 3 (38%) 425M (25%) 1 (25%) 1.2B (46%)
Financial Services 2 (25%) 1.0B (62%) 2 (50%) 1.4B (54%)
Business Services 2 (25%) 220M (13%) 1 (25%) -
Software 1 (13%) - - -
Total 8 $1.7B 4 $2.6B

By Geo

State/Country Buy Value Sell Value
United States 7 1.3B 4 2.6B
  California 2 190M 1 1.1B
  Minnesota 2 220M 1 -
  Ohio 1 20M 1 1.2B
  Michigan 1 850M - -
  North Carolina 1 - - -
Canada 1 405M - -
  Ontario 1 405M - -
Domestic 7 (88%) 1.3B (76%) 4 (100%) 2.6B (100%)
Cross-border 1 (13%) 405M (24%) - -
Total 8 $1.7B 4 $2.6B

Top M&A Advisors

Financial Deals
Aeris Partners LLC
1

Deal Values

buy # Total
$100M to $1B 4 $1.7B
< $100M 1 $20M
TOTAL $1.7B
Largest Olde Financial Corp.
$850M (1999-09-02)
sell # Total
> $1B 2 $2.3B
$100M to $1B 1 $315M
TOTAL $2.6B
Largest CompuServe, Inc.
$1.2B (1997-09-08)

M&A Connections

Deals
Acquired from
Strategic(s)
25%
2 (25%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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