Patriot Financial Partners Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Patriot Financial Partners has acquired 1 company. It has also invested in 1 other.

Patriot Financial Partners’ most common sectors for investment arefinancial services (97%) and business services (4%) . The Firm’s most common investment types include pipe (47%) and stake purchase (19%). In total, Patriot Financial Partners has invested in 18 US states. Its largest (disclosed) acquisition occurred in 2010 when it acquired Heritage Commerce for $75M.

In the last 3 years, Patriot Financial Partners has exited 1 company. The Firm’s most common exit type is trade sale (79%). Patriot Financial Partners’ largest (disclosed) exit occurred in 2015 when it sold Square 1 Financial for $815M.

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M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity32
    • M&A Sell Activity14
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 17
  • M&A Advisors 5

Patriot Financial Partners

Patriot Financial Manager LP

Suite 210 100 Matsonford Rd,
Radnor, Pennsylvania 19087
United States
(215) 399-4650
www.patriotfp.com
info@patriotfp.com

Patriot Financial Partners is a private equity firm focused on acquiring and investing in community based banks, thrifts, and other related financial services companies throughout the US. Patriot is a hands-on investor and seeks businesses with assets between $500 million and $5 billion. Patriot Financial Partners was established in 2007 and is headquartered in Radnor, Pennsylvania.


Investment Criteria

Sectors of Interest: Financial Services

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, PIPE

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value 15 35
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '20 '21 '22 '23 '24 '25 T
Buy (0.8/yr) # 28 2 1 1 - - 32
vol $138M $138M
Sell (0.2/yr) # 13 - 1 - - - 14
vol $2.7B $2.7B
  46
+1803234363840424446283048500

Most Recent M&A

Company Date Value Type
Ampersand, Inc. 2023-11-08 - Buyout (LBO, MBO, MBI)
Waukesha, Wisconsin · www.trustampersand.com
PatientFi, Inc. 2022-02-15 - Growth Capital
Irvine, California · www.patientfi.com
Sterling Bancorp 2022-02-01 - Merger
Pearl River, New York · www.sterlingbancorp.com
Georgia Banking Co. 2021-01-01 - Buyout (LBO, MBO, MBI)
Atlanta, Georgia · www.geobanking.com
Byline Bancorp, Inc. 2021-01-01 - Stake Purchase
Chicago, Illinois · www.bylinebancorp.com
Radius Bancorp, Inc. 2020-02-18 185M USD Trade Sale
Boston, Massachusetts · www.radiusbank.com
Bannockburn Global Forex LLC 2019-06-19 - Trade Sale
Cincinnati, Ohio · www.bbgfx.com
Amerant Bancorp, Inc. 2019-02-25 - Stake Purchase
Coral Gables, Florida · www.amerantbank.com
Beneficial Bancorp, Inc. 2019-02-13 - Merger
Philadelphia, Pennsylvania · www.ir.thebeneficial.com
MBT Financial Corp. 2018-10-10 291M USD Stake Sale
Monroe, Michigan · www.mbandt.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Financial Services 13 (93%) 75M (100%) 31 (97%) 138M (100%)
Business Services 1 (7%) - 1 (3%) -
Total 14 $75M 32 $138M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (100%) 75M (100%) 32 (100%) 138M (100%)
  California 4 (29%) 75M (100%) 5 (16%) 75M (54%)
  Florida 2 (14%) - 4 (13%) -
  New Jersey 1 (7%) - 3 (9%) -
  Virginia 2 (14%) - 2 (6%) -
  South Carolina 1 (7%) - 2 (6%) -
  Illinois 1 (7%) - 2 (6%) -
  Georgia 1 (7%) - 2 (6%) -
  North Carolina - - 2 (6%) -
  Wisconsin 1 (7%) - 1 (3%) -
  Washington 1 (7%) - 1 (3%) -
  Massachusetts - - 1 (3%) 63M (46%)
  Pennsylvania - - 1 (3%) -
  Ohio - - 1 (3%) -
  New York - - 1 (3%) -
  Michigan - - 1 (3%) -
  Maryland - - 1 (3%) -
  Kentucky - - 1 (3%) -
  Colorado - - 1 (3%) -
Total 14 $75M 32 $138M

Acquisitions by Deal Type

Type Current # Value All-time # Value
PIPE 5 (36%) 75M (100%) 15 (47%) 75M (54%)
Stake Purchase 6 (43%) - 6 (19%) -
Growth Capital 1 (7%) - 5 (16%) -
Buyout (LBO, MBO, MBI) 2 (14%) - 4 (13%) 63M (46%)
Recapitalization - - 2 (6%) -
Total 14 $75M 32 $138M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 8 (57%) 2.1B (77%)
Trade Sale 2 (14%) 312M (12%)
Merger 2 (14%) -
Stake Sale 1 (7%) 291M (11%)
IPO 1 (7%) -
Total 14 $2.7B

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
1
Legal Deals
Luse Gorman
1
Silver Freedman Taff & Tiernan
1
Wachtell, Lipton, Rosen & Katz
1

Deal Values

buy # Total
< $100M 2 $138M
TOTAL $138M
Largest Heritage Commerce Corp.
$75M (2010-06-21)
sell # Total
$100M to $1B 7 $2.7B
TOTAL $2.7B
Largest Square 1 Financial, Inc.
$815M (2015-10-07)

M&A Connections

Deals
Exited to
Strategic(s)
93%
13 (93%)

FAQ

When was Patriot Financial Partners founded?

Patriot Financial Partners was founded in 2007.

What type of investor is Patriot Financial Partners?

Patriot Financial Partners is a private equity firm.

Where is Patriot Financial Partners headquartered?

Patriot Financial Partners is headquartered in Radnor, Pennsylvania.

How much capital does Patriot Financial Partners have under management?

Patriot Financial Partners has 1.3B USD under management.

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