Wells Fargo M&A Summary
Wells Fargo has acquired 26 companies, including 1 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 16 assets.
Wells Fargo’s largest acquisition to date was in 1998, when it acquired Norwest for $34.0B. It’s largest disclosed sale occurred in 2018, when it sold Wells Fargo & Co. - Auto Finance Business to Popular for $1.7B. Wells Fargo has acquired in 13 different US states. The Company’s most targeted sectors include financial services (74%) and insurance (9%).
M&A Summary
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M&A Total Activity39
- M&A Buy Activity23
- M&A Sell Activity16
- Total Sectors Invested 6
- Total Countries Invested 1
- M&A Buy/Sell Connections 31