1. Home >
  2. M&A >
  3. Divestiture >
  4. United States >
  5. New York >
  6. Branch Banking and Trust Co. Acquires AFCO Credit

M&A Deal Summary

Branch Banking and Trust Co. Acquires AFCO Credit

On January 3, 2007, Branch Banking and Trust Co. acquired financial services company AFCO Credit from Mellon Financial

Acquisition Highlights
  • This is Branch Banking and Trust Co.’s 4th transaction in the Financial Services sector.
  • This is Branch Banking and Trust Co.’s 3rd transaction in the United States.
  • This is Branch Banking and Trust Co.’s 1st transaction in New York.

M&A Deal Summary
Date 2007-01-03
Target AFCO Credit
Sector Financial Services
Buyer(s) Branch Banking and Trust Co.
Sellers(s) Mellon Financial
Deal Type Divestiture

Target

AFCO Credit

New York, New York, United States
AFCO Credit Corp. is a provider in premium finance solutions for clients large and small, AFCO offers progressive solutions for lasting relationships.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Branch Banking and Trust Co.

Winston-Salem, North Carolina, United States
Category Company
Sector Financial Services
DESCRIPTION

Branch Banking and Trust Co. is a provider of commercial banking services.

DEAL STATS #
Overall 4 of 5
Sector: Financial Services M&A 4 of 5
Type: Divestiture M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2007 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 CAFO

Toronto, Ontario, Canada

CAFO, Inc. is a premium finance solutions provider.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-23 Collateral Real Estate Capital

Birmingham, Alabama, United States

Collateral Real Estate Capital LLC is a commercial real estate finance company.

Buy -

Seller(S) 1

SELLER

Mellon Financial

Pittsburgh, Pennsylvania, United States
Category Company
Founded 1869
Sector Financial Services
DESCRIPTION

Mellon Financial Corp. is an asset management group focused on serving institutional and high-net-worth individual clients.

DEAL STATS #
Overall 3 of 3
Sector: Financial Services M&A 3 of 3
Type: Divestiture M&A Deals 3 of 3
State: New York M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2007 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-03 CAFO

Toronto, Ontario, Canada

CAFO, Inc. is a premium finance solutions provider.

Sell -
Mergr

Solution for

Product

Company

Legal