M&A Deal Summary

Pathward Financial Acquires Fort Knox Financial Services

On July 16, 2015, Pathward Financial acquired internet software and services company Fort Knox Financial Services for 50M USD

Acquisition Highlights
  • This is Pathward Financial’s 1st transaction in the Internet Software and Services sector.
  • This is Pathward Financial’s largest (disclosed) transaction.
  • This is Pathward Financial’s 2nd transaction in the United States.
  • This is Pathward Financial’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2015-07-16
Target Fort Knox Financial Services
Sector Internet Software and Services
Buyer(s) Pathward Financial
Deal Type Add-on Acquisition
Deal Value 50M USD
Advisor(s) Ridley Capital Group (Financial)
Fore, Miller & Schwartz (Legal)

Target

Fort Knox Financial Services

Louisville, Kentucky, United States
website
Fort Knox Financial Services Corp. is a provider of software services to financial industry.

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Buyer(S) 1

Buyer

Pathward Financial

Sioux Falls, South Dakota, United States

website

Category Company
Founded 1954
Sector Financial Services
Employees1,150
Revenue 501M USD (2022)
DESCRIPTION

Pathward Financial is a provider of financial products and services for commercial, agricultural, and retail customers. Meta Financial Group was founded in 1954 and is based in Sioux Falls, South Dakota.

DEAL STATS #
Overall 2 of 5
Sector (Internet Software and Services) 1 of 1
Type (Add-on Acquisition) 2 of 4
State (Kentucky) 1 of 1
Country (United States) 2 of 5
Year (2015) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-03 AFS/IBEX Financial Services

Dallas, Texas, United States

AFS/IBEX Financial Services, Inc. is a provider of short-term, collateralized financing to facilitate the purchase of insurance for commercial property, casualty and liability risk. AFS was one of the top ten insurance premium finance companies in the U.S., originating loans through a network of over 1,300 independent insurance agencies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 EPS Financial

Easton, Pennsylvania, United States

EPS Financial LLC is a provider of comprehensive tax-related financial transaction IT solutions for over 10,000 Electronic Return Originators (“EROs”) nationwide, offering a one-stop-shop for all tax preparer financial transactions.

Buy $43M
Mergr

Product

Company

Legal