First Niagara Financial Group - M&A Summary, Ownership, and Business Overview

Financial ServicesCompany

First Niagara Financial Group M&A Summary

First Niagara Financial Group has acquired 3 companies of its own. It has also divested 1 asset.

First Niagara Financial Group’s largest acquisition to date was in 2011, when it acquired NewAlliance Bancshares for $1.5B. First Niagara Financial Group has acquired in 2 different US states. The Company’s most targeted sectors include financial services (67%) and insurance (34%).

First Niagara Financial Group Ownership

Who owns First Niagara Financial Group?

First Niagara Financial Group is owned by KeyCorp.. It was acquired on October 30, 2015.

First Niagara Financial Group Business Overview

Where is First Niagara Financial Group headquartered?

First Niagara Financial Group is headquartered in Buffalo, New York.

What is First Niagara Financial Group’s revenue?

First Niagara Financial Group disclosed revenue of 1,517M USD for 2014 and 1,576M USD for 2013.

How many employees does First Niagara Financial Group have?

First Niagara Financial Group has 5,874 employees.

What sector is First Niagara Financial Group in?

First Niagara Financial Group is a financial services company.

When was First Niagara Financial Group founded?

First Niagara Financial Group was founded in 1870.

M&A Summary

  • M&A Total Activity4
    • M&A Buy Activity3
    • M&A Sell Activity1
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 5

First Niagara Financial Group, Inc.

726 Exchange Street, Suite 618,
Buffalo, New York 14210
United States,
(716 819-5500
www.fnfg.com

First Niagara Financial Group, Inc. is a provider of financial services to individuals, families and businesses across New York, Pennsylvania, Connecticut and Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 3 - - - - - 3
vol $1.7B $1.7B
Sell (0.0/yr) # 1 - - - - - 1
  4

Most Recent M&A

Company Date Value Type
NewAlliance Bancshares, Inc. 2011-04-15 1.5B USD Add-on Acquisition
New Haven, Connecticut · www.newalliancebank.com
Pierson & Smith, Inc. 2011-04-14 - Add-on Acquisition
Norwalk, Connecticut · www.piersonandsmith.com
Premium Payment Plan 2010-06-01 - Divestiture
Hudson, New York
Harleysville National Corp. 2010-04-09 237M USD Add-on Acquisition
Harleysville, Pennsylvania
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (67%) 1.7B (100%) 1 (100%) -
Insurance 1 (33%) - - -
Total 3 $1.7B 1 -

By Geo

State/Country Buy Value Sell Value
United States 3 1.7B 1 -
  Connecticut 2 1.5B - -
  Pennsylvania 1 237M - -
  New York - - 1 -
Total 3 $1.7B 1 -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
2
Keefe, Bruyette, & Woods, Inc.
1
Colonnade Advisors LLC
1
Legal Deals
Luse Gorman
1
Sullivan & Cromwell
1

Deal Values

buy # Total
> $1B 1 $1.5B
$100M to $1B 1 $237M
TOTAL $1.7B
Largest NewAlliance Bancshares, Inc.
$1.5B (2011-04-15)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

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