RBC - M&A Summary and Business Overview

Financial ServicesCompany

RBC M&A Summary

RBC has acquired 7 companies. A total of 1 acquisition came from private equity firms. It has also divested 3 assets.

RBC’s largest acquisition to date was in 2015, when it acquired City National for $5.4B. It’s largest disclosed sale occurred in 2011, when it sold RBC Bank to The PNC Financial Services Group for $3.5B. RBC has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include financial services (86%) and energy services and equipment (15%).

RBC Business Overview

Where is RBC headquartered?

RBC is headquartered in Toronto, Ontario.

What is RBC’s revenue?

RBC disclosed revenue of 56,256M CAD for 2023 and 48,775M CAD for 2022.

How many employees does RBC have?

RBC has 94,480 employees.

What sector is RBC in?

RBC is a financial services company.

When was RBC founded?

RBC was founded in 1864.

M&A Summary

  • M&A Total Activity10
    • M&A Buy Activity7
    • M&A Sell Activity3
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 5

RBC

Royal Bank of Canada

Royal Bank Plaza 200 Bay Street,
Toronto, Ontario M5J 2J5
Canada,
(888) 212-5533
www.rbc.com

RBC provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. RBC employs approximately 78,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 38 other countries. RBC was formed in 1864 and is based in Toronto. RBC was founded in 1864 and is based in Toronto, Ontario.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $9.9B $9.9B
Sell (0.0/yr) # 3 - - - - - 3
vol $4.1B $4.1B
  10

Most Recent M&A

Company Date Value Type
City National Corp. 2015-01-22 5.4B USD Add-on Acquisition
Los Angeles, California · www.cnb.com
Athena Energy Group 2013-04-03 - Add-on Acquisition
St. Leonard, Quebec
RBC Bank (USA), Inc. 2011-06-20 3.5B USD Divestiture
Raleigh, North Carolina · www.rbcbankusa.com
Liberty Life Insurance Co. 2011-04-11 628M USD Divestiture
Greenville,, South Carolina
ResMor Trust Co., Inc. 2007-11-05 - Add-on Acquisition
Toronto, Ontario · www.resmor.com
RBTT Financial Holdings Ltd. 2007-10-02 2.2B USD Add-on Acquisition
Port of Spain, Trinidad and Tobago · www.rbtt.com
Seasongood & Mayer LLC 2007-04-30 - Add-on Acquisition
Cincinnati, Ohio
Carlin Financial Group 2007-01-03 - Add-on Acquisition
New York, New York
RBC Centura Banks, Inc. 2001-01-26 2.3B USD Add-on Acquisition
Rocky Mount, North Carolina
Royal Bank of Canada - One Branch 1999-09-15 - Divestiture
, Canada
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
RBC Insurance Holding, Inc.    - Liberty Insurance Services Corp. 2004-11-23 1
Mississauga, Ontario · www.rbcinsurance.com Greenville, South Carolina

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 6 (86%) 9.9B (100%) 2 (67%) 3.5B (85%)
Energy Services and Equipment 1 (14%) - - -
Insurance - - 1 (33%) 628M (15%)
Total 7 $9.9B 3 $4.1B

By Geo

State/Country Buy Value Sell Value
United States 4 7.7B 2 4.1B
  North Carolina 1 2.3B 1 3.5B
  Ohio 1 - - -
  New York 1 - - -
  California 1 5.4B - -
  South Carolina - - 1 628M
Canada 2 - 1 -
  Quebec 1 - - -
  Ontario 1 - - -
Trinidad and Tobago 1 2.2B - -
Domestic 2 (29%) - 1 (33%) -
Cross-border 5 (71%) 9.9B (100%) 2 (67%) 4.1B (100%)
Total 7 $9.9B 3 $4.1B

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
 2
RBC Capital Markets
 2
Legal Deals
Sullivan & Cromwell
 2
Goldman Antonetti & Cordova
 1
Osler
 1

Deal Values

buy # Total
> $1B 3 $9.9B
TOTAL $9.9B
Largest City National Corp.
$5.4B (2015-01-22)
sell # Total
> $1B 1 $3.5B
$100M to $1B 1 $628M
TOTAL $4.1B
Largest RBC Bank (USA), Inc.
$3.5B (2011-06-20)

M&A Connections

Deals
Acquired from
Investor(s)
14%
1 (14%)
Divested to
Strategic(s)
100%
3 (100%)

Company Summary

SECTOR

Financial Services

Revenue

56,256   16% 2023
48,775   2% 2022
49,537   6% 2021
47,104   3% 2020
45,926   8% 2019
42,555   6% 2018
40,334   2017
(millions of CAD) Show More Show Less

Employees

94,480

Established

1864

Public

Toronto (TSX): RY

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