LegacyTexas Financial Group - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

LegacyTexas Financial Group M&A Summary

LegacyTexas Financial Group has acquired 2 companies of its own. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

LegacyTexas Financial Group’s largest acquisition to date was in 2011, when it acquired Highlands Bancshares for $71M. LegacyTexas Financial Group has acquired in 1 US state. The Company’s most targeted sectors include financial services (100%).

LegacyTexas Financial Group Ownership

Who owns LegacyTexas Financial Group?

LegacyTexas Financial Group is owned by Prosperity Bancshares.. It was acquired on June 17, 2019.

LegacyTexas Financial Group Business Overview

Where is LegacyTexas Financial Group headquartered?

LegacyTexas Financial Group is headquartered in Plano, Texas.

What is LegacyTexas Financial Group’s revenue?

LegacyTexas Financial Group disclosed revenue of 415M USD for 2018 and 367M USD for 2017.

How many employees does LegacyTexas Financial Group have?

LegacyTexas Financial Group has 851 employees.

What sector is LegacyTexas Financial Group in?

LegacyTexas Financial Group is a financial services company.

When was LegacyTexas Financial Group founded?

LegacyTexas Financial Group was founded in 1952.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity2
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 2

LegacyTexas Financial Group

LegacyTexas Financial Group, Inc.

5851 Legacy Circle,
Plano, Texas 75075
United States,
(972) 578-5000
www.legacytexasfinancialgroup.com

LegacyTexas Financial Group is a bank holding company based in Plano, Texas. The company's holdings will include LegacyTexas Bank, which will also operate as ViewPoint Bank and First National Bank of Jacksboro. LegacyTexas Financial Group was founded in 1952 and is based in Plano, Texas.


M&A Summary

Buy vs Sell

Year ≤ '11 '12 '13 '14 '15 '16 T
Buy (0.2/yr) # 1 - 1 - - - 2
vol $71M $71M
Sell (0.2/yr) # - - - - - 1 1
  3

Most Recent M&A

Company Date Value Type
LegacyTexas Insurance Services 2016-07-11 - Divestiture
Plano, Texas · www.legacytexas.com
LegacyTexas Group, Inc. 2013-11-25 - Add-on Acquisition
Plano, Texas
Highlands Bancshares, Inc. 2011-12-14 71M USD Add-on Acquisition
Dallas, Texas · www.thehighlandsbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (100%) 71M (100%) - -
Insurance - - 1 (100%) -
Total 2 $71M 1 -

By Geo

State/Country Buy Value Sell Value
United States 2 71M 1 -
  Texas 2 71M 1 -
Total 2 $71M 1 -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
2
Legal Deals
Silver Freedman Taff & Tiernan
2

Deal Values

buy # Total
< $100M 1 $71M
TOTAL $71M
Largest Highlands Bancshares, Inc.
$71M (2011-12-14)

M&A Connections

Deals
Acquired from
Investor(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
1 (100%)

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