Newtek Business Services - M&A Summary and Business Overview

Business ServicesCompany

Newtek Business Services M&A Summary

Newtek Business Services has acquired 5 companies, including 1 in the last 5 years.

Newtek Business Services’ largest acquisition to date was in 2021, when it acquired National Bank of New York City for $264M. Newtek Business Services has acquired in 3 different US states. The Company’s most targeted sectors include financial services (40%) and internet software and services (40%).

Newtek Business Services Business Overview

Where is Newtek Business Services headquartered?

Newtek Business Services is headquartered in Boca Raton, Florida.

What is Newtek Business Services’ revenue?

Newtek Business Services disclosed revenue of 148M USD for 2021 and 75M USD for 2020.

How many employees does Newtek Business Services have?

Newtek Business Services has 104 employees.

What sector is Newtek Business Services in?

Newtek Business Services is a business services company.

M&A Summary

  • M&A Total Activity5
    • M&A Buy Activity5
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 3

Newtek Business Services

Newtek Business Services, Inc.

4800 T-Rex Avenue Suite 120,
Boca Raton, Florida 33431
United States,
(212) 356-9500
www.newtekone.com

Newtek Business Services is a provider of a wide range of business services and financial products under the Newtek brand to the small- and medium-sized business ("SMB") market. Newtek Business Services is based in Boca Raton, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 4 - 1 - - - 5
vol $20M $264M $284M
Sell (0.0/yr) # - - - - - - 0
  5

Most Recent M&A

Company Date Value Type
National Bank of New York City 2021-08-02 264M USD Add-on Acquisition
New York, New York · www.nbnyc.com
banc-serv Partners LLC 2016-06-29 - Add-on Acquisition
Westfield, Indiana · www.banc-serv.com
Premier Payments LLC 2015-07-27 17M USD Add-on Acquisition
Great Neck, New York · www.premierpayments.com
Axeus, Inc. - Merchant Processing Portfolio 2007-09-06 - Divestiture
Carlsbad, California
CDS Business Services, Inc. 2007-03-21 3M USD Add-on Acquisition
Lynbrook, New York · www.myreceivables.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (40%) 264M (93%) - -
Internet Software and Services 2 (40%) 17M (6%) - -
Business Services 1 (20%) 3M (1%) - -
Total 5 $284M - -

By Geo

State/Country Buy Value Sell Value
United States 5 284M - -
  New York 3 284M - -
  Indiana 1 - - -
  California 1 - - -
Total 5 $284M - -

Top M&A Advisors

Financial Deals
Keefe, Bruyette, & Woods, Inc.
 1
Legal Deals
Eversheds LLP
 1
Sullivan & Cromwell
 1

Deal Values

buy # Total
$100M to $1B 1 $264M
< $100M 2 $20M
TOTAL $284M
Largest National Bank of New York City
$264M (2021-08-02)

M&A Connections

Deals
Acquired from
Strategic(s)
20%
1 (20%)

Company Summary

SECTOR

Business Services

Revenue

148   98% 2021
75   16% 2020
89   15% 2019
78   2% 2018
77   21% 2017
64   4% 2016
62   2015
(millions of USD) Show More Show Less

Employees

104

Public

NASDAQ: NEWT

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Related Lists for Newtek Business Services

Florida Companies , Business Services Companies , United States Companies , Florida Business Services Companies , Florida Business Services with Acquisitions , Florida Business Services with Divestitures

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