PNC M&A Summary
PNC has acquired 19 companies, including 5 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 5 assets.
PNC’s largest acquisition to date was in 2020, when it acquired BBVA USA Bancshares for $11.6B. It’s largest disclosed sale occurred in 2010, when it sold Sterling Financial to Warburg Pincus for $730M. PNC has acquired in 11 different US states. The Company’s most targeted sectors include financial services (69%) and insurance (11%).
M&A Summary
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M&A Total Activity24
- M&A Buy Activity19
- M&A Sell Activity5
- Total Sectors Invested 6
- Total Countries Invested 1
- M&A Buy/Sell Connections 10
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