South State - M&A Summary and Business Overview

Financial ServicesCompany

South State M&A Summary

South State has acquired 3 companies, including 2 in the last 5 years.

South State’s largest acquisition to date was in 2024, when it acquired Independent Bank Group for $2.0B. South State has acquired in 3 different US states. The Company’s most targeted sectors include financial services (100%).

South State Business Overview

Where is South State headquartered?

South State is headquartered in Winter Haven, Florida.

What is South State’s revenue?

South State disclosed revenue of 1,701M USD for 2023 and 1,613M USD for 2022.

How many employees does South State have?

South State has 5,179 employees.

What sector is South State in?

South State is a financial services company.

When was South State founded?

South State was founded in 1933.

M&A Summary

  • M&A Total Activity3
    • M&A Buy Activity3
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Advisors 2

South State

South State Corp.

1101 First Street South, Suite 202,
Winter Haven, Florida 33880
United States,
(863) 293-4710
www.southstatebank.com

South State is a holding company of South State Bank, and serves the financial needs of its local communities in 25 South Carolina counties, 15 Georgia counties and 4 North Carolina counties. South State was founded in 1933 and is based in Winter Haven, Florida.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 1 1 - - - 1 3
vol $2.0B $2.0B
Sell (0.0/yr) # - - - - - - 0
  3

Most Recent M&A

Company Date Value Type
Independent Bank Group, Inc. 2024-05-20 2.0B USD Add-on Acquisition
McKinney, Texas · www.independent-bank.com
CenterState Bank Corp. 2020-06-10 - Merger
Winter Haven, Florida · www.centerstatebank.com
Park Sterling Corp. 2017-11-15 - Merger
Charlotte, North Carolina · www.parksterlingbank.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 3 (100%) 2.0B (100%) - -
Total 3 $2.0B - -

By Geo

State/Country Buy Value Sell Value
United States 3 2.0B - -
  Texas 1 2.0B - -
  North Carolina 1 - - -
  Florida 1 - - -
Total 3 $2.0B - -

Top M&A Advisors

Financial Deals
Raymond James - Investment Banking
 1
Legal Deals
Davis Polk & Wardwell
 1

Deal Values

buy # Total
> $1B 1 $2.0B
TOTAL $2.0B
Largest Independent Bank Group, Inc.
$2.0B (2024-05-20)

Company Summary

SECTOR

Financial Services

Revenue

1,701   6% 2023
1,613   19% 2022
1,365   22% 2021
1,126   76% 2020
643   2% 2019
655   21% 2018
544   22% 2017
447   2016
(millions of USD) Show More Show Less

Employees

5,179

Established

1933

Public

NASDAQ: SSB

Former Name

First Financial Holdings, Inc.

 Subscribe to unlock this and 204,613
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 196K M&A Transactions
  • 200K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 78K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for South State

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

Related Lists for Florida Companies

Largest Florida Companies , Acquisitive Florida Companies , Recently Acquired Florida Companies , Recently Sold Florida Companies , Private Florida Companies , Public Florida Companies , Acquired Florida Companies , PE Backed Florida Companies

Related Lists for Financial Services Companies

Largest Financial Services Companies , Acquisitive Financial Services Companies , Recently Acquired Financial Services Companies , Recently Sold Financial Services Companies , Private Financial Services Companies , Public Financial Services Companies , Acquired Financial Services Companies , PE Backed Financial Services Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal