OceanFirst Financial has acquired 3 companies, including 3 in the last 5 years. A total of 1 acquisition came from private equity firms.
OceanFirst Financial’s largest acquisition to date was in 2017, when it acquired Sun Bancorp for $487M. OceanFirst Financial has acquired in 2 different US states. The Company’s most targeted sectors include financial services (100%).
Join Mergr and gain access to OceanFirst 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.
110 West Front Street,
Red Bank,
New Jersey 07701
United States,
(732) 240-4500
www.oceanfirst.com
OceanFirst Financial Corp. is a federally chartered stock savings bank with $2.2 billion in assets and is the largest community based financial institution headquartered in Ocean County. OceanFirst Financial was founded in 1902 and is based in Red Bank, New Jersey.
| Year | ≤ '14 | '15 | '16 | '17 | '18 | '19 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (0.6/yr) | # | - | 1 | 1 | 1 | - | - | 3 |
| vol | $11M | $206M | $487M | $704M | ||||
| Sell (0.0/yr) | # | - | - | - | - | - | - | 0 |
| 3 | ||||||||
| Financial | Deals |
|---|---|
|
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|
1 |
|
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|
1 |
| Legal | Deals |
|---|---|
|
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|
2 |
|
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|
1 |
| 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 |
Sun Bancorp Inc. $487M (2017-06-30) |
|
| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
When analyzing the financial services sector as a whole, according to Mergr, in the last 3 years, there are 469 financial services companies that have made at least 1 acquisition, 19 have acquired at least 5 companies, and 4 have acquired more than 10 companies.
The most prolific strategic financial services acquirer over the past 3 years is Mercer Advisors, with 16 acquisitions. The most prolific private equity acquirer in the financial services sector over the past 3 years is Warburg Pincus LLC with 8 platform acquisitions.
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