NewtekOne - M&A Summary and Business Overview

Business ServicesCompany

NewtekOne M&A Summary

NewtekOne has acquired 5 companies, including 1 in the last 5 years. It has also divested 1 asset.

NewtekOne’s largest acquisition to date was in 2021, when it acquired National Bank of New York City for $264M. It’s largest disclosed sale occurred in 2024, when it sold Newtek Technology Solutions to A.V.M. Software for $4M. NewtekOne has acquired in 3 different US states. The Company’s most targeted sectors include internet software and services (40%) and financial services (40%).

NewtekOne Business Overview

Where is NewtekOne headquartered?

NewtekOne is headquartered in Boca Raton, Florida.

What is NewtekOne’s revenue?

NewtekOne disclosed revenue of 105M USD for 2022 and 148M USD for 2021.

How many employees does NewtekOne have?

NewtekOne has 559 employees.

What sector is NewtekOne in?

NewtekOne is a business services company.

When was NewtekOne founded?

NewtekOne was founded in 1998.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity5
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 3

NewtekOne

NewtekOne, Inc.

4800 T-Rex Avenue, Suite 120,
Boca Raton, Florida 33431
United States,
(212) 356-9500
www.newtekone.com

Newtek Business Services is a provider of a wide range of business services and financial products under the Newtek brand to the small- and medium-sized business ("SMB") market. Newtek Business Services was founded in 1998 and is based in Boca Raton, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - 1 - - - 5
vol $20M $264M $284M
Sell (0.2/yr) # - - - - - 1 1
vol $4M $4M
  6

Most Recent M&A

Company Date Value Type
Newtek Technology Solutions, Inc. 2024-08-12 4M USD Divestiture
New Hyde Park, New York · www.newtektechnologysolutions.com
National Bank of New York City 2021-08-02 264M USD Add-on Acquisition
New York, New York · www.nbnyc.com
banc-serv Partners LLC 2016-06-29 - Add-on Acquisition
Westfield, Indiana · www.banc-serv.com
Premier Payments LLC 2015-07-27 17M USD Add-on Acquisition
Great Neck, New York · www.premierpayments.com
Axeus, Inc. - Merchant Processing Portfolio 2007-09-06 - Divestiture
Carlsbad, California
CDS Business Services, Inc. 2007-03-21 3M USD Add-on Acquisition
Lynbrook, New York · www.myreceivables.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (40%) 264M (93%) - -
Internet Software and Services 2 (40%) 17M (6%) - -
Business Services 1 (20%) 3M (1%) - -
Information Technology - - 1 (100%) 4M (100%)
Total 5 $284M 1 $4M

By Geo

State/Country Buy Value Sell Value
United States 5 284M 1 4M
  New York 3 284M 1 4M
  Indiana 1 - - -
  California 1 - - -
Total 5 $284M 1 $4M

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
 1
Legal Deals
Sullivan & Cromwell
 2
Eversheds LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $264M
< $100M 2 $20M
TOTAL $284M
Largest National Bank of New York City
$264M (2021-08-02)
sell # Total
< $100M 1 $4M
TOTAL $4M
Largest Newtek Technology Solutions, Inc.
$4M (2024-08-12)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Business Services

Revenue

105   30% 2022
148   98% 2021
75   16% 2020
89   15% 2019
78   2% 2018
77   21% 2017
64   4% 2016
62   2015
(millions of USD) Show More Show Less

Employees

559

Established

1998

Public

NASDAQ: NEWT

Former Name

Newtek Business Services Corp.

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