Synovus - M&A Summary and Business Overview

Financial ServicesCompany

Synovus M&A Summary

Synovus has acquired 9 companies, including 1 in the last 5 years. It has also divested 3 assets.

Synovus’ largest acquisition to date was in 2018, when it acquired FCB Financial Holdings for $2.9B. Synovus has acquired in 5 different US states. The Company’s most targeted sectors include financial services (78%) and internet software and services (12%).

Synovus Business Overview

Where is Synovus headquartered?

Synovus is headquartered in Columbus, Georgia.

What is Synovus’ revenue?

Synovus disclosed revenue of 2,157M USD for 2023 and 2,206M USD for 2022.

How many employees does Synovus have?

Synovus has 4,732 employees.

What sector is Synovus in?

Synovus is a financial services company.

When was Synovus founded?

Synovus was founded in 1888.

M&A Summary

  • M&A Total Activity12
    • M&A Buy Activity9
    • M&A Sell Activity3
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2
  • M&A Advisors 6

Synovus

Synovus Financial Corp.

1111 Bay Avenue, Suite 500,
Columbus, Georgia 31901
United States,
(706) 644-2738
www.synovus.com

Synovus is a financial services company with approximately $27 billion in assets. Synovus’ divisions provide commercial and retail banking, investment, and mortgage services to customers through 29 locally branded divisions, 280 offices, and more than 400 ATMs in Georgia, Alabama, South Carolina, Florida, and Tennessee. Synovus was founded in 1888 and is based in Columbus, Georgia.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 8 - - 1 - - 9
vol $3.1B $3.1B
Sell (0.0/yr) # 3 - - - - - 3
  12

Most Recent M&A

Company Date Value Type
Qualpay, Inc. 2022-04-21 - Stake Purchase
San Mateo, California · www.qualpay.com
FCB Financial Holdings, Inc. 2018-07-24 2.9B USD Add-on Acquisition
Bonita Springs, Florida · www.floridacommunitybank.com
Entaire Global Companies, Inc. 2016-08-18 - Add-on Acquisition
Atlanta, Georgia · www.entaire.com
Synovus Financial Corp - Tennessee Branches 2014-01-21 - Divestiture
Memphis, Tennessee
ProCard, Inc. 2008-01-03 - Divestiture
Lakewood, Colorado · www.procard.com
Total System Services, Inc. 2008-01-03 - Spin Off
Columbus, Georgia · www.tsys.com
Banking Corporation of Florida 2006-03-31 - Add-on Acquisition
Naples, Florida
Riverside Bancshares, Inc. 2006-03-24 174M USD Add-on Acquisition
Marietta, Georgia
Trust One Bank 2004-05-05 - Add-on Acquisition
Memphis, Tennessee
Peoples Florida Banking Corp. 2004-01-30 - Add-on Acquisition
Palm Harbor, Florida
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 7 (78%) 3.1B (100%) 1 (33%) -
Software 1 (11%) - 1 (33%) -
Internet Software and Services 1 (11%) - - -
Information Technology - - 1 (33%) -
Total 9 $3.1B 3 -

By Geo

State/Country Buy Value Sell Value
United States 9 3.1B 3 -
  Florida 4 2.9B - -
  Georgia 2 174M 1 -
  Tennessee 1 - 1 -
  Colorado 1 - 1 -
  California 1 - - -
Total 9 $3.1B 3 -

Top M&A Advisors

Financial Deals
BofA Securities
 1
Barclays Investment Bank
 1
J.P. Morgan Securities
 1
Legal Deals
Alston & Bird
 2
Simpson Thacher & Bartlett
 1

Deal Values

buy # Total
> $1B 1 $2.9B
$100M to $1B 1 $174M
TOTAL $3.1B
Largest FCB Financial Holdings, Inc.
$2.9B (2018-07-24)

M&A Connections

Deals
Divested to
Strategic(s)
67%
2 (67%)

Company Summary

SECTOR

Financial Services

Revenue

2,157   3% 2023
2,206   12% 2022
1,983   2% 2021
2,019   4% 2020
1,952   37% 2019
1,428   5% 2018
1,369   18% 2017
1,167   2016
(millions of USD) Show More Show Less

Employees

4,732

Established

1888

Public

NYSE: SNV

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Georgia Companies , Financial Services Companies , United States Companies , Georgia Financial Services Companies , Georgia Financial Services with Acquisitions , Georgia Financial Services with Divestitures

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