M&A Deal Summary

JPMorgan Chase Acquires 55ip

On December 2, 2020, JPMorgan Chase acquired financial services company 55ip

Acquisition Highlights
  • This is JPMorgan Chase’s 8th transaction in the Financial Services sector.
  • This is JPMorgan Chase’s 15th transaction in the United States.
  • This is JPMorgan Chase’s 5th transaction in New York.

M&A Deal Summary
Date 2020-12-02
Target 55ip
Sector Financial Services
Buyer(s) JPMorgan Chase
Deal Type Add-on Acquisition

Target

55ip

New York, New York, United States
55ip is a financial technology company with proprietary capabilities empowering financial advisors to deliver tax-smart investment strategies at scale. Financial advisors use 55ip's tax-smart investment strategy engine to improve their efficiency and effectiveness. 55ip's intuitive experience and intelligent automation elevate portfolio design and delivery, helping advisors save time and drive better outcomes for their clients.

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Buyer(S) 1

Buyer

JPMorgan Chase

New York, New York, United States
Category Company
Founded 1799
Sector Financial Services
Employees311,921
Revenue 155.0B USD (2023)
DESCRIPTION
Entrance to Chase Tower in downtown Chicago, Illinois.
Entrance to Chase Tower in downtown Chicago, Illinois.

JPMorgan Chase is a financial institution. The Company provides investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. JPMorgan Chase was founded in 1799 and is based in New York, New York.

DEAL STATS #
Overall 16 of 27
Sector (Financial Services) 8 of 10
Type (Add-on Acquisition) 7 of 13
State (New York) 5 of 7
Country (United States) 15 of 22
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-25 JPMorgan Chase - Quorum

New York, New York, United States

JPMorgan Chase & Co.'s Quoruman enterprise-variant of the Ethereum blockchain developed by J.P. Morgan (NYSE: JPM). Quorum offers digital asset functionality and document management.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-28 cxLoyalty Group - Global Loyalty Division

Stamford, Connecticut, United States

cxLoyalty Group's Global Loyalty Division is a provider of loyalty technology solutions that drive deeper connections to clients.

Buy -
Mergr

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Company

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