OceanFirst Financial - M&A Summary and Business Overview

Financial ServicesCompany

OceanFirst Financial M&A Summary

OceanFirst Financial has acquired 4 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms.

OceanFirst Financial’s largest acquisition to date was in 2017, when it acquired Sun Bancorp for $487M. OceanFirst Financial has acquired in 2 different US states. The Company’s most targeted sectors include financial services (75%) and business services (25%).

OceanFirst Financial Business Overview

Where is OceanFirst Financial headquartered?

OceanFirst Financial is headquartered in Red Bank, New Jersey.

What is OceanFirst Financial’s revenue?

OceanFirst Financial disclosed revenue of 399M USD for 2023 and 432M USD for 2022.

How many employees does OceanFirst Financial have?

OceanFirst Financial has 878 employees.

What sector is OceanFirst Financial in?

OceanFirst Financial is a financial services company.

When was OceanFirst Financial founded?

OceanFirst Financial was founded in 1902.

M&A Summary

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

OceanFirst Financial

OceanFirst Financial Corp.

110 West Front Street,
Red Bank, New Jersey 07701
United States,
(732) 240-4500
www.oceanfirst.com

OceanFirst Financial is a federally chartered stock savings bank with $2.2 billion in assets and is the largest community based financial institution headquartered in Ocean County. OceanFirst Financial was founded in 1902 and is based in Red Bank, New Jersey.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 3 - - 1 - - 4
vol $704M $704M
Sell (0.0/yr) # - - - - - - 0
  4

Most Recent M&A

Company Date Value Type
Trident Abstract Title Agency LLC 2022-02-03 - Add-on Acquisition
Wall, New Jersey · www.tridentabstract.com
Sun Bancorp Inc. 2017-06-30 487M USD Add-on Acquisition
Mount Laurel, New Jersey · www.sunnb.com
Cape Bancorp, Inc. 2016-05-02 206M USD Add-on Acquisition
Cape May Court House, New Jersey · www.capebankonline2.com
Colonial American Bank 2015-02-25 11M USD Add-on Acquisition
Horsham, Pennsylvania · www.colonialamericanbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (75%) 704M (100%) - -
Business Services 1 (25%) - - -
Total 4 $704M - -

By Geo

State/Country Buy Value Sell Value
United States 4 704M - -
  New Jersey 3 693M - -
  Pennsylvania 1 11M - -
Total 4 $704M - -

Top M&A Advisors

Financial Deals
Sterne Agee LLC
 1
Turk & Co.
 1
Sandler O'Neill + Partners LP
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
 2
Windels Marx Lane & Mittendorf
 1
Giordano, Halleran & Ciesla
 1

Deal Values

buy # Total
$100M to $1B 2 $693M
< $100M 1 $11M
TOTAL $704M
Largest Sun Bancorp Inc.
$487M (2017-06-30)

M&A Connections

Deals
Acquired from
Investor(s)
25%
1 (25%)

Company Summary

SECTOR

Financial Services

Revenue

399   8% 2023
432   23% 2022
352   5% 2021
367   26% 2020
292   7% 2019
275   41% 2018
196   40% 2017
141   2016
(millions of USD) Show More Show Less

Employees

878

Established

1902

Public

NASDAQ: OCFC

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New Jersey Companies , Financial Services Companies , United States Companies , New Jersey Financial Services Companies , New Jersey Financial Services with Acquisitions , New Jersey Financial Services with Divestitures

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