State Street - M&A Summary and Business Overview

Financial ServicesCompany

State Street M&A Summary

State Street has acquired 11 companies, including 1 in the last 5 years. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

State Street’s largest acquisition to date was in 2007, when it acquired International Fund Services for $4.5B. It’s largest disclosed sale occurred in 2008, when it sold CitiStreet to ING Groep N.V. for $900M. State Street has acquired in 4 different US states, and 3 countries. The Company’s most targeted sectors include financial services (73%) and business services (28%).

State Street Business Overview

Where is State Street headquartered?

State Street is headquartered in Boston, Massachusetts.

What is State Street’s revenue?

State Street disclosed revenue of 12,125M USD for 2022 and 11,974M USD for 2021.

How many employees does State Street have?

State Street has 39,439 employees.

What sector is State Street in?

State Street is a financial services company.

When was State Street founded?

State Street was founded in 1792.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity11
    • M&A Sell Activity2
  • Total Sectors Invested 2
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 4
  • M&A Advisors 2

State Street

State Street Corp.

State Street Financial Center, One Lincoln Street,
Boston, Massachusetts 02111
United States,
(617) 786-3000
www.statestreet.com

State Street is a specialist in providing institutional investors with investment servicing, investment management and investment research and trading services. State Street was founded in 1792 and is based in Boston, Massachusetts.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.2/yr) # 10 - 1 - - - 11
vol $9.6B $3.5B $13.1B
Sell (0.0/yr) # 2 - - - - - 2
vol $900M $900M
  13

Most Recent M&A

Company Date Value Type
BBH Investor Services 2021-09-07 3.5B USD Divestiture
New York, New York
Charles River Systems, Inc. 2018-07-20 2.6B USD Add-on Acquisition
Burlington, Massachusetts · www.crd.com
GE Asset Management, Inc. 2016-03-30 485M USD Divestiture
Stamford, Connecticut · www.geam.com
Goldman Sachs Administration Services (GSAS) 2012-07-17 550M USD Divestiture
, United States
Complementa Investment-Controlling AG 2011-10-04 - Add-on Acquisition
St. Gallen, Switzerland · www.complementa.ch
Pulse Trading, Inc. 2011-09-21 - Add-on Acquisition
Boston, Massachusetts
Mourant International Finance Administration (MIFA) 2009-12-02 - Add-on Acquisition
Jersey, Channel Islands
CitiStreet LLC 2008-05-02 900M USD Add-on Acquisition
North Quincy, Massachusetts
CitiStreet, LLC 2008-02-05 900M USD Divestiture
North Quincy, Massachusetts
Currenex, Inc. 2007-03-02 564M USD Add-on Acquisition
New York City, New York · www.currenex.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 8 (73%) 8.1B (62%) 2 (100%) 900M (100%)
Business Services 3 (27%) 5.0B (38%) - -
Total 11 $13.1B 2 $900M

By Geo

State/Country Buy Value Sell Value
United States 9 13.1B 2 900M
  Massachusetts 4 3.5B 1 900M
  New York 3 8.6B - -
  Connecticut 1 485M - -
Channel Islands 1 - - -
Switzerland 1 - - -
Domestic 9 (82%) 13.1B (100%) 2 (100%) 900M (100%)
Cross-border 2 (18%) - - -
Total 11 $13.1B 2 $900M

Top M&A Advisors

Financial Deals
Goldman Sachs
2
Legal Deals
Davis Polk & Wardwell
1

Deal Values

buy # Total
> $1B 3 $10.6B
$100M to $1B 4 $2.5B
TOTAL $13.1B
Largest International Fund Services LLC
$4.5B (2007-02-12)
sell # Total
$100M to $1B 1 $900M
TOTAL $900M
Largest CitiStreet, LLC
$900M (2008-02-05)

M&A Connections

Deals
Acquired from
Investor(s)
9%
1 (9%)
Strategic(s)
18%
2 (18%)
Divested to
Strategic(s)
100%
2 (100%)

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