FleetBoston Financial Acquisitions and Exits, 6 Deals Between 1992 and 2003
financial services Company

FleetBoston Financial has acquired 3 companies. It has also divested 3 assets.

FleetBoston Financial’s largest acquisition to date was in 1999, when it acquired BankBoston for $16.0B. It’s largest disclosed sale occurred in 2001, when it sold Fleet Mortgage to Washington Mutual for $660M. FleetBoston Financial has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

Join Mergr and gain access to FleetBoston Financial’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

FleetBoston Financial Corp.

100 Federal Street,
Boston, Massachusetts 02211
United States,
(617)434-2200

FleetBoston Financial was a bank and financial services firm created in 1999 by the merger of Fleet Financial Group and BankBoston.

M&A Summary

Buy vs Sell

Year ≤ '98 '99 '00 '01 '02 '03 T
Buy (0.2/yr) # 2 1 - - - - 3
vol $120M $16.0B $16.1B
Sell (0.4/yr) # 1 - - 1 - 1 3
vol $190M $660M $182M $1.0B
  6

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Deal Values

Buy # TOTAL
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
TOTAL Sign-up to View
Largest BankBoston Corp.
$16.0B (1999-03-15)
Sell # Total
> $1B Sign-up to View
$100M to $1B Sign-up to View
< $100M Sign-up to View
Total Sign-up to View
Largest Fleet Mortgage Corp.
$660M (2001-06-01)

Financial Services M&A - Last 3 Years

When analyzing the financial services sector as a whole, according to Mergr, in the last 3 years, there are 456 financial services companies that have made at least 1 acquisition, 21 have acquired at least 5 companies, and 3 have acquired more than 10 companies.

The most prolific strategic financial services acquirer over the past 3 years is Mercer Advisors, with 12 acquisitions. The most prolific private equity acquirer in the financial services sector over the past 3 years is La Caisse de dépôt et placement du Québec (Centre CDP Capital) with 4 platform acquisitions.


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