OceanFirst Financial Mergers and Acquisitions Summary

Financial Services Company

OceanFirst Financial has acquired 3 companies, including 2 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.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 4

OceanFirst Financial Corp.

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.


M&A Summary

Buy vs Sell

Year ≤ '15 '16 '17 '18 '19 '20 T
Buy (0.4/yr) # 1 1 1 - - - 3
vol $11M $206M $487M $704M
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Sun Bancorp Inc. 2017-06-30 487M USD Add-on Acquisition
Mount Laurel, New Jersey · www.sunnb.com
Cape Bancorp, Inc. 2016-05-02 206M USD Add-on Acquisition
Cape May Court House, New Jersey · www.capebankonline2.com
Colonial American Bank 2015-02-25 11M USD Add-on Acquisition
Horsham, Pennsylvania · www.colonialamericanbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 704M (100%) - -
Total 3 $704M - -

By Geo

State/Country Buy Value Sell Value
United States 3 704M - -
  New Jersey 2 693M - -
  Pennsylvania 1 11M - -
Total 3 $704M - -

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
 1
Sterne Agee LLC
 1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom LLP
 2
Windels Marx Lane & Mittendorf LLP
 1

Deal Values

buy # Total
$100M to $1B 2 $693M
< $100M 1 $11M
TOTAL $704M
Largest Sun Bancorp Inc.
$487M (2017-06-30)

M&A Connections

Deals %
Acquired from
PE Firm(s)
100%
1 100%

Company Summary

SECTOR

Financial Services

Revenue

277   47% 2018
189   43% 2017
133   55% 2016
86   8% 2015
80   2014
(millions of USD) Show More Show Less

Employees

319

Established

1902

Public

NASDAQ: OCFC

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