FleetBoston Financial Mergers and Acquisitions Summary

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 Mr. Cooper Group 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.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity3
    • M&A Sell Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 3

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

Most Recent M&A

Company Date Value Type
InterPay, Inc. 2003-04-01 182M USD Divestiture
East Hanover, New Jersey
Fleet Mortgage Corp. 2001-06-01 660M USD Divestiture
Columbia, South Carolina
BankBoston Corp. 1999-03-15 16.0B USD Merger
Boston, Massachusetts
Option One Mortgage Corp. 1997-04-17 190M USD Divestiture
Santa Ana, California
Option One Mortgage Corp. 1995-01-01 120M USD Divestiture
Santa Ana, California
Shawmut National Corp. 1992-12-01 - Add-on Acquisition
Hartford, Connecticut
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 16.1B (100%) 2 (67%) 850M (82%)
Staffing - - 1 (33%) 182M (18%)
Total 3 $16.1B 3 $1.0B

By Geo

State/Country Buy Value Sell Value
United States 3 16.1B 3 1.0B
  California 1 120M 1 190M
  Massachusetts 1 16.0B - -
  Connecticut 1 - - -
  South Carolina - - 1 660M
  New Jersey - - 1 182M
Total 3 $16.1B 3 $1.0B

Deal Values

buy # Total
> $1B 1 $16.0B
$100M to $1B 1 $120M
TOTAL $16.1B
Largest BankBoston Corp.
$16.0B (1999-03-15)
sell # Total
$100M to $1B 3 $1.0B
TOTAL $1.0B
Largest Fleet Mortgage Corp.
$660M (2001-06-01)

M&A Connections

Deals %
Divested to
Strategic(s)
100%
3 100%

 Subscribe to unlock this and 148,010
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB


Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 3.8K Private Equity Firms
  • 135K M&A Transactions
  • 144K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.0K M&A Advisors
    (Investment Banks and Law Firms)
  • 37K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.