M&A Deal Summary

Boston Private Financial Holdings Acquires Gibraltar Financial

On October 1, 2005, Boston Private Financial Holdings acquired financial services company Gibraltar Financial for 242M USD

Acquisition Highlights
  • This is Boston Private Financial Holdings’ 4th transaction in the Financial Services sector.
  • This is Boston Private Financial Holdings’ largest (disclosed) transaction.
  • This is Boston Private Financial Holdings’ 4th transaction in the United States.
  • This is Boston Private Financial Holdings’ 1st transaction in Florida.

M&A Deal Summary

Date 2005-10-01
Target Gibraltar Financial
Sector Financial Services
Buyer(s) Boston Private Financial Holdings
Deal Type Add-on Acquisition
Deal Value 242M USD
Advisor(s) Sandler O'Neill + Partners LP (Financial)
Wachtell, Lipton, Rosen & Katz (Legal)

Target

Gibraltar Financial

Coral Gables, Florida, United States
Gibraltar Financial Corp. is a financial service company.

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Buyer(S) 1

Buyer

Boston Private Financial Holdings

Boston, Massachusetts, United States

Category Company
Founded 1987
Sector Financial Services
Employees779
Revenue 330M USD (2019)
DESCRIPTION

Boston Private Financial Holdings, Inc. is a wealth management company that offers a full range of wealth management services to high net worth individuals, families, businesses, and select institutions through its three functional segments: Private Banking, Investment Management, and Wealth Advisory. Boston Private Financial Holdings was formed in 1987 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 4 of 4
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 4 of 4
State (Florida) 1 of 1
Country (United States) 4 of 4
Year (2005) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-10-01 Encino State Bank

California, United States

Encino State Bank, is a provider of full range of banking services.

Buy $33M