Northwest Bancshares - M&A Summary and Business Overview

Financial ServicesCompany

Northwest Bancshares M&A Summary

Northwest Bancshares has acquired 7 companies, including 2 in the last 5 years. It has also divested 1 asset.

Northwest Bancshares’ largest acquisition to date was in 2024, when it acquired Penns Woods Bancorp for $270M. Northwest Bancshares has acquired in 3 different US states. The Company’s most targeted sectors include financial services (72%) and business services (15%).

Northwest Bancshares Business Overview

Where is Northwest Bancshares headquartered?

Northwest Bancshares is headquartered in Columbus, Ohio.

What is Northwest Bancshares’ revenue?

Northwest Bancshares disclosed revenue of 548M USD for 2023 and 530M USD for 2022.

How many employees does Northwest Bancshares have?

Northwest Bancshares has 2,060 employees.

What sector is Northwest Bancshares in?

Northwest Bancshares is a financial services company.

When was Northwest Bancshares founded?

Northwest Bancshares was founded in 1896.

M&A Summary

  • M&A Total Activity8
    • M&A Buy Activity7
    • M&A Sell Activity1
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 4

Northwest Bancshares

Northwest Bancshares, Inc.

3 Easton Oval Suite 500,
Columbus, Ohio 43219
United States,
(814) 726-2140
www.northwest.bank

Northwest Bancshares is a holding company of Northwest Savings Bank. Northwest Savings Bank is a full-service financial institution offering a complete line of business and personal banking products, employee benefits and wealth management services, as well as the fulfillment of business and personal insurance needs. Northwest Bancshares was founded in 1896 and is based in Columbus, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 5 1 - - - 1 7
vol $212M $270M $482M
Sell (0.0/yr) # 1 - - - - - 1
  8

Most Recent M&A

Company Date Value Type
Penns Woods Bancorp, Inc. 2024-12-17 270M USD Add-on Acquisition
Williamsport, Pennsylvania · www.pwod.com
MutualFirst Financial, Inc. 2020-05-07 - Add-on Acquisition
Warren, Pennsylvania · www.bankwithmutual.com
Northwest Bancshares, Inc. - Three Branches 2017-01-10 - Divestiture
Baltimore, Maryland
LNB Bancorp, Inc. 2015-08-14 179M USD Merger
Lorain, Ohio · www.4lnb.com
Evans Capital Management, Inc. 2013-11-27 - Add-on Acquisition
Erie, Pennsylvania · www.ecmnet.com
The Bert Insurance Group, Inc. 2012-11-26 - Add-on Acquisition
Erie,, Pennsylvania · www.thebertco.com
Veracity Benefit Designs, Inc. 2010-03-29 - Add-on Acquisition
Amherst, New York · www.veracitybenefits.com
Penn Laurel Financial Corp. 2007-05-01 33M USD Add-on Acquisition
Curwensville, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 5 (71%) 482M (100%) 1 (100%) -
Business Services 1 (14%) - - -
Insurance 1 (14%) - - -
Total 7 $482M 1 -

By Geo

State/Country Buy Value Sell Value
United States 7 482M 1 -
  Pennsylvania 5 303M - -
  Ohio 1 179M - -
  New York 1 - - -
  Maryland - - 1 -
Total 7 $482M 1 -

Top M&A Advisors

Financial Deals
Boenning & Scattergood
1
Sandler O'Neill + Partners
1
Janney Montgomery Scott
1
Legal Deals
Luse Gorman
3

Deal Values

buy # Total
$100M to $1B 2 $450M
< $100M 1 $33M
TOTAL $482M
Largest Penns Woods Bancorp, Inc.
$270M (2024-12-17)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

 Subscribe to unlock this and 209,235
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 202K M&A Transactions
  • 205K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.